Alkami Technology (NASDAQ:ALKT – Get Free Report) will be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Alkami Technology to post earnings of $0.02 per share for the quarter. Alkami Technology has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
Alkami Technology (NASDAQ:ALKT – Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.11). Alkami Technology had a negative return on equity of 17.00% and a negative net margin of 23.76%. The business had revenue of $71.37 million during the quarter, compared to the consensus estimate of $71.12 million. On average, analysts expect Alkami Technology to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Alkami Technology Trading Up 0.6 %
ALKT stock traded up $0.14 during mid-day trading on Tuesday, hitting $24.29. 21,546 shares of the stock were exchanged, compared to its average volume of 303,009. The business has a fifty day moving average price of $24.13 and a 200 day moving average price of $23.26. The company has a current ratio of 3.77, a quick ratio of 3.77 and a debt-to-equity ratio of 0.06. Alkami Technology has a 12 month low of $10.93 and a 12 month high of $26.75.
Insider Activity
Wall Street Analysts Forecast Growth
ALKT has been the topic of several analyst reports. William Blair reissued an “outperform” rating on shares of Alkami Technology in a report on Thursday, February 29th. Barclays raised their price objective on Alkami Technology from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. JMP Securities reaffirmed a “market outperform” rating and issued a $30.00 price objective on shares of Alkami Technology in a research note on Monday, April 15th. KeyCorp raised their target price on shares of Alkami Technology from $21.00 to $26.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Finally, The Goldman Sachs Group cut Alkami Technology from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $23.00 to $27.00 in a report on Tuesday, January 23rd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $26.10.
View Our Latest Analysis on ALKT
About Alkami Technology
Alkami Technology, Inc offers cloud-based digital banking solutions in the United States. The company's Alkami Platform allows financial institutions to onboard and engage new users, accelerate revenues, and enhance operational efficiency, with the support of a proprietary, cloud-based, and multi-tenant architecture.
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