The stock price of Alkami Technology Inc (NASDAQ: ALKT) has jumped by 2.62 compared to previous close of 37.75. Despite this, the company has seen a gain of 4.99% in its stock price over the last five trading days. investors.com reported 2024-11-21 that Alkami Technology has rebounded in recent sessions, making it one of the best stocks to buy and watch on the stock market today. The post Software Leader Alkami Rebounds From Key Level Into New Buy Range appeared first on Investor’s Business Daily.
Is It Worth Investing in Alkami Technology Inc (NASDAQ: ALKT) Right Now?
Additionally, the 36-month beta value for ALKT is 0.44. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ALKT is 57.65M and currently, short sellers hold a 2.13% ratio of that float. The average trading volume of ALKT on November 22, 2024 was 655.71K shares.
ALKT’s Market Performance
ALKT’s stock has seen a 4.99% increase for the week, with a 1.47% rise in the past month and a 14.96% gain in the past quarter. The volatility ratio for the week is 4.02%, and the volatility levels for the past 30 days are at 4.12% for Alkami Technology Inc. The simple moving average for the past 20 days is 2.74% for ALKT’s stock, with a 31.75% 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 11.04% 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 -6.33% of loss for the given period.
Volatility was left at 4.12%, however, over the last 30 days, the volatility rate increased by 4.02%, as shares surge +1.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.79% upper at present.
During the last 5 trading sessions, ALKT rose by +4.99%, which changed the moving average for the period of 200-days by +57.80% in comparison to the 20-day moving average, which settled at $37.71. In addition, Alkami Technology Inc saw 59.75% 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 WILLIAM B. HILL, who proposed sale 110,250 shares at the price of $38.62 back on Nov 21 ’24. After this action, WILLIAM B. HILL now owns shares of Alkami Technology Inc, valued at $4,257,800 using the latest closing price.
DOUGLAS A. LINEBARGER, the Officer of Alkami Technology Inc, proposed sale 43,336 shares at $38.50 during a trade that took place back on Nov 21 ’24, which means that DOUGLAS A. LINEBARGER is holding shares at $1,668,566 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 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 5.49. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -22.24.
Currently, EBITDA for the company is -44.85 million with net debt to EBITDA at 1.89. When we switch over and look at the enterprise to sales, we see a ratio of 12.14. 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 conclusion, Alkami Technology Inc (ALKT) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
