Market Momentum Report: Alkami Technology Inc (ALKT)’s Positive Close at 38.67

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The price of Alkami Technology Inc (NASDAQ: ALKT) closed at $38.67 in the last session, up 1.92% from day before closing price of $37.94. In other words, the price has increased by $1.92 from its previous closing price. On the day, 0.72 million shares were traded. ALKT stock price reached its highest trading level at $39.44 during the session, while it also had its lowest trading level at $38.11.

Ratios:

We take a closer look at ALKT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 38.48 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 706.58. 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:

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 Dec 16 ’24 when HILL W BRYAN sold 100,000 shares for $39.77 per share. The transaction valued at 3,976,850 led to the insider holds 353,841 shares of the business.

W. Bryan Hill bought 200,000 shares of ALKT for $7,922,000 on Dec 16 ’24. On Dec 12 ’24, another insider, Linebarger Douglas A., who serves as the Chief Legal Officer of the company, sold 50,000 shares for $40.05 each. As a result, the insider received 2,002,435 and left with 191,668 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 3886218752 and an Enterprise Value of 3803920640. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.32 while its Price-to-Book (P/B) ratio in mrq is 11.48. Its current Enterprise Value per Revenue stands at 12.054 whereas that against EBITDA is -87.212.

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 $22.62. The 50-Day Moving Average of the stock is 2.07%, while the 200-Day Moving Average is calculated to be 25.81%.

Shares Statistics:

According to the various share statistics, ALKT traded on average about 818.13K shares per day over the past 3-months and 817740 shares per day over the past 10 days. A total of 100.50M shares are outstanding, with a floating share count of 64.12M. Insiders hold about 36.20% of the company’s shares, while institutions hold 47.00% stake in the company. Shares short for ALKT as of 1732838400 were 838356 with a Short Ratio of 1.02, compared to 1730332800 on 1229645. Therefore, it implies a Short% of Shares Outstanding of 838356 and a Short% of Float of 1.7500000000000002.

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