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In the latest session, Alkami Technology Inc (NASDAQ: ALKT) closed at $38.06 down -3.57% from its previous closing price of $39.47. In other words, the price has decreased by -$3.57 from its previous closing price. On the day, 1.16 million shares were traded. ALKT stock price reached its highest trading level at $39.61 during the session, while it also had its lowest trading level at $37.38.
Ratios:
For a deeper understanding of Alkami Technology Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 38.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 698.80. For the most recent quarter (mrq), Quick Ratio is recorded 3.27 and its Current Ratio is at 3.27. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on January 23, 2024, Downgraded its rating to Neutral and sets its target price to $27 from $23 previously.
On December 07, 2023, Stephens Downgraded its rating to Equal-Weight which previously was Overweight and also upped its target price recommendation from $22 to $24.
On July 12, 2023, Goldman started tracking the stock assigning a Buy rating and target price of $21.Goldman initiated its Buy rating on July 12, 2023, with a $21 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 27 ’24 when Shootman Alex sold 75,000 shares for $39.28 per share. The transaction valued at 2,946,165 led to the insider holds 981,207 shares of the business.
ALEX SHOOTMAN bought 75,000 shares of ALKT for $2,976,750 on Nov 27 ’24. On Nov 25 ’24, another insider, GENERAL ATLANTIC GENPAR (BERMU, who serves as the Director of the company, sold 3,000,000 shares for $39.75 each. As a result, the insider received 119,250,000 and left with 9,680,049 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALKT now has a Market Capitalization of 3824915968 and an Enterprise Value of 3742617600. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.18 while its Price-to-Book (P/B) ratio in mrq is 11.30. Its current Enterprise Value per Revenue stands at 11.86 whereas that against EBITDA is -85.806.
Stock Price History:
Over the past 52 weeks, ALKT has reached a high of $42.29, while it has fallen to a 52-week low of $21.19. The 50-Day Moving Average of the stock is 5.83%, while the 200-Day Moving Average is calculated to be 27.62%.
Shares Statistics:
For the past three months, ALKT has traded an average of 723.74K shares per day and 1020840 over the past ten days. A total of 100.50M shares are outstanding, with a floating share count of 60.80M. Insiders hold about 42.54% of the company’s shares, while institutions hold 47.00% stake in the company. Shares short for ALKT as of 1731628800 were 847879 with a Short Ratio of 1.17, compared to 1728950400 on 1022407. Therefore, it implies a Short% of Shares Outstanding of 847879 and a Short% of Float of 1.77.
