Alkami Technology Inc (NASDAQ: ALKT) has seen a decline in its stock price by -5.22 in relation to its previous close of 39.86. However, the company has experienced a 3.20% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-07 that Cincinnati-based credit union will deliver enhanced experience with new digital banking platform for both retail and business members PLANO, Texas, Nov. 7, 2024 /PRNewswire/ — Alkami Technology, Inc. (Nasdaq: ALKT) (“Alkami”), a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that Kemba Credit Union, a Cincinnati, Ohio-based credit union, has partnered with Alkami to launch its digital banking solution for both retail and business members. Alkami’s comprehensive Digital Banking Platform will equip Kemba Credit Union’s members with intuitive self-service tools and a highly personalized user experience.
Is It Worth Investing in Alkami Technology Inc (NASDAQ: ALKT) Right Now?
Company’s 36-month beta value is 0.45.Analysts have differing opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for ALKT is 51.81M, and currently, short sellers hold a 1.97% ratio of that floaft. The average trading volume of ALKT on November 07, 2024 was 565.11K shares.
ALKT’s Market Performance
ALKT’s stock has seen a 3.20% increase for the week, with a 14.45% rise in the past month and a 21.28% gain in the past quarter. The volatility ratio for the week is 7.27%, and the volatility levels for the past 30 days are at 4.23% for Alkami Technology Inc The simple moving average for the past 20 days is 2.28% for ALKT’s stock, with a 31.30% simple moving average for the past 200 days.
Analysts’ Opinion of ALKT
Many brokerage firms have already submitted their reports for ALKT stocks, with Goldman repeating the rating for ALKT by listing it as a “Neutral.” The predicted price for ALKT in the upcoming period, according to Goldman is $27 based on the research report published on January 23, 2024 of the current year 2024.
Stephens, on the other hand, stated in their research note that they expect to see ALKT reach a price target of $24, previously predicting the price at $22. The rating they have provided for ALKT stocks is “Equal-Weight” according to the report published on December 07th, 2023.
Goldman gave a rating of “Buy” to ALKT, setting the target price at $21 in the report published on July 12th of the previous year.
ALKT Trading at 12.58% from the 50-Day Moving Average
After a stumble in the market that brought ALKT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.66% of loss for the given period.
Volatility was left at 4.23%, however, over the last 30 days, the volatility rate increased by 7.27%, as shares surge +14.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.76% upper at present.
During the last 5 trading sessions, ALKT rose by +3.11%, which changed the moving average for the period of 200-days by +56.38% in comparison to the 20-day moving average, which settled at $36.94. In addition, Alkami Technology Inc saw 55.79% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALKT starting from HILL W BRYAN, who sale 55,046 shares at the price of $31.19 back on Sep 23 ’24. After this action, HILL W BRYAN now owns 471,403 shares of Alkami Technology Inc, valued at $1,716,670 using the latest closing price.
HILL W BRYAN, the Chief Financial Officer of Alkami Technology Inc, sale 44,954 shares at $30.92 during a trade that took place back on Sep 24 ’24, which means that HILL W BRYAN is holding 471,403 shares at $1,389,897 based on the most recent closing price.
Stock Fundamentals for ALKT
Current profitability levels for the company are sitting at:
- -0.15 for the present operating margin
- 0.58 for the gross margin
The net margin for Alkami Technology Inc stands at -0.15. The total capital return value is set at -0.13. Equity return is now at value -13.91, with -10.15 for asset returns.
Based on Alkami Technology Inc (ALKT), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -26.6.
Currently, EBITDA for the company is -52.81 million with net debt to EBITDA at 1.52. When we switch over and look at the enterprise to sales, we see a ratio of 11.85. The receivables turnover for the company is 7.44for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.27.
Conclusion
In a nutshell, Alkami Technology Inc (ALKT) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
