Currently, there are 102.09M common shares owned by the public and among those 65.07M shares have been available to trade.
The company’s stock has a 5-day price change of -17.61% and -39.68% over the past three months. ALKT shares are trading -35.22% year to date (YTD), with the 12-month market performance up to 1.11% higher. It has a 12-month low price of $22.65 and touched a high of $42.29 over the same period. ALKT has an average intraday trading volume of 742.69K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -20.82%, -29.02%, and -28.35% respectively.
Institutional ownership of Alkami Technology Inc (NASDAQ: ALKT) shares accounts for 61.88% of the company’s 102.09M shares outstanding.
It has a market capitalization of $2.43B and a beta (3y monthly) value of 0.61. The earnings-per-share (ttm) stands at -$0.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.44% over the week and 4.62% over the month.
Analysts forecast that Alkami Technology Inc (ALKT) will achieve an EPS of 0.09 for the current quarter, 0.08 for the next quarter and 0.83 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.05 while analysts give the company a high EPS estimate of 0.05. Comparatively, EPS for the current quarter was 0.05 a year ago. Earnings per share for the fiscal year are expected to increase by 93.46%, and 101.27% over the next financial year. EPS should grow at an annualized rate of 78.89% over the next five years, compared to 4.24% over the past 5-year period.
Looking at the support for the ALKT, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on January 23, 2024, with the firm’s price target at $23-$27. Stephens coverage for the Alkami Technology Inc (ALKT) stock in a research note released on December 07, 2023 offered a Equal-Weight rating with a price target of $24. Goldman was of a view on July 12, 2023 that the stock is Buy, while Lake Street gave the stock Buy rating on June 27, 2023, issuing a price target of $21. Craig Hallum on their part issued Buy rating on June 08, 2023.
