ALKT Stock Summary and Trading Ideas (Alkami Technology | NASDAQ:ALKT)

Alkami Technology Inc is a cloud-based digital banking solutions provider. Alkami Platform, allows FIs to onboard and engage new users, accelerate revenues and meaningfully improve operational efficiency with the support of a proprietary, true cloud-based, multi-tenant architecture.

Alkami Technology trades on the NASDAQ stock market under the symbol ALKT.

As of April 17, 2024, ALKT stock price was flat at $23.84 with 156,599 million shares trading.

ALKT has a beta of 1.08, meaning it tends to be more sensitive to market movements. ALKT has a correlation of 0.17 to the broad based SPY ETF.

ALKT has a market cap of $2.21 billion. This is considered a Mid Cap stock.

Last quarter Alkami Technology reported $71 million in Revenue and $.02 earnings per share. This beat revenue expectation by $229,000 and met earnings estimates .

In the last 3 years, ALKT stock traded as high as $48.28 and as low as $9.23.

The top ETF exchange traded funds that ALKT belongs to (by Net Assets): VTI, VB, IWM, VGT, VXF.

ALKT has outperformed the market in the last year with a price return of +90.4% while the SPY ETF gained +23.0%. However, in the short term, ALKT had mixed performance relative to the market. It has underperformed in the last 3 months, returning -3.4% vs +5.7% return in SPY. But in the last 2 weeks, ALKT shares have fared better than the market returning +2.7% compared to SPY -3.5%.

ALKT support price is $23.29 and resistance is $24.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALKT stock will trade within this expected range on the day.