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The price of Alkami Technology Inc (NASDAQ: ALKT) closed at $31.04 in the last session, down -0.67% from day before closing price of $31.25. In other words, the price has decreased by -$0.67 from its previous closing price. On the day, 0.99 million shares were traded. ALKT stock price reached its highest trading level at $31.83 during the session, while it also had its lowest trading level at $30.99.
Ratios:
We take a closer look at ALKT’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 3.47 and its Current Ratio is at 3.47. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 12 ’24 when GENERAL ATLANTIC GENPAR (BERMU sold 1,666,667 shares for $31.17 per share. The transaction valued at 51,950,010 led to the insider holds 15,555,049 shares of the business.
GENERAL ATLANTIC, L.P. sold 1,666,667 shares of ALKT for $51,950,010 on Aug 12 ’24. The Director now owns 15,555,049 shares after completing the transaction at $31.17 per share. On Aug 12 ’24, another insider, KAISER GEORGE B, who serves as the 10% Owner of the company, sold 1,666,666 shares for $31.17 each. As a result, the insider received 51,949,979 and left with 8,419,784 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 3072506880 and an Enterprise Value of 3004122880. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.33 while its Price-to-Book (P/B) ratio in mrq is 9.39. Its current Enterprise Value per Revenue stands at 10.103 whereas that against EBITDA is -61.359.
Stock Price History:
Over the past 52 weeks, ALKT has reached a high of $36.00, while it has fallen to a 52-week low of $14.93. The 50-Day Moving Average of the stock is 4.17%, while the 200-Day Moving Average is calculated to be 21.88%.
Shares Statistics:
According to the various share statistics, ALKT traded on average about 579.04K shares per day over the past 3-months and 974180 shares per day over the past 10 days. A total of 96.72M shares are outstanding, with a floating share count of 55.22M. Insiders hold about 44.21% of the company’s shares, while institutions hold 37.51% stake in the company. Shares short for ALKT as of 1722384000 were 1585907 with a Short Ratio of 2.74, compared to 1719532800 on 1288663. Therefore, it implies a Short% of Shares Outstanding of 1585907 and a Short% of Float of 3.42.
