At the time of writing, Alkami Technology Inc [ALKT] stock is trading at $38.21, up 5.15%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ALKT shares have gain 12.38% over the last week, with a monthly amount glided 20.76%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Alkami Technology Inc [NASDAQ: ALKT] stock has seen the most recent analyst activity on January 23, 2024, when Goldman downgraded its rating to a Neutral and also boosted its price target to $27 from $23. Previously, Stephens downgraded its rating to Equal-Weight on December 07, 2023, and elevated its price target to $24. On July 12, 2023, Goldman initiated with a Buy rating and assigned a price target of $21 on the stock. Lake Street started tracking the stock assigning a Buy rating and suggested a price target of $21 on June 27, 2023. Craig Hallum initiated its recommendation with a Buy and recommended $25 as its price target on June 08, 2023. JP Morgan started tracking with a Overweight rating for this stock on May 09, 2023, and assigned it a price target of $15. In a note dated September 15, 2022, Stephens initiated an Overweight rating and provided a target price of $18 on this stock.
For the past year, the stock price of Alkami Technology Inc fluctuated between $17.32 and $36.79. Currently, Wall Street analysts expect the stock to reach $34.5 within the next 12 months. Alkami Technology Inc [NASDAQ: ALKT] shares were valued at $38.21 at the most recent close of the market. An investor can expect a potential drop of -9.71% based on the average ALKT price forecast.
Analyzing the ALKT fundamentals
According to Alkami Technology Inc [NASDAQ:ALKT], the company’s sales were 297.36M for trailing twelve months, which represents an 24.93% jump. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at -0.18%, Pretax Profit Margin comes in at -0.17%, and Net Profit Margin reading is -0.17%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.16 and Total Capital is -0.15. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.06.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 36.81 points at the first support level, and at 35.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.21, and for the 2nd resistance point, it is at 40.21.
Ratios To Look Out For
It is important to note that Alkami Technology Inc [NASDAQ:ALKT] has a current ratio of 3.47. Further, the Quick Ratio stands at 3.47, while the Cash Ratio is 1.52. Considering the valuation of this stock, the price to sales ratio is 12.72, the price to book ratio is 11.56.
Transactions by insiders
Recent insider trading involved HILL W BRYAN, Chief Financial Officer, that happened on Sep 23 ’24 when 55046.0 shares were sold. Chief Financial Officer, HILL W BRYAN completed a deal on Sep 24 ’24 to sell 44954.0 shares. Meanwhile, Officer WILLIAM BRYAN HILL bought 0.2 million shares on Sep 23 ’24.
