How to Buy Alkami Technology Stock
Alkami Technology Inc
Alkami Technology, Inc. offers a cloud-based digital banking platform in the United States.
Alkami Technology stock last closed at $15.17, down 0.39% from the previous day, and has increased 8.9% in one year. It has overperformed other stocks in the Software - Application industry by 0.12 percentage points. Alkami Technology stock is currently +41.78% from its 52-week low of $10.70, and -14.34% from its 52-week high of $17.71.
At the moment, there are 92.86M shares of ALKT outstanding. The market value of ALKT is $1.41B. In the last 24 hours, 422,413 ALKT shares were traded.
How to Buy Alkami Technology Stock
Not sure how to invest in Alkami Technology stock? Here's how.
- Choose where to buy Alkami Technology stock: You need to decide on an online brokerage, but don't worry - we've researched dozens of online stock brokerages and apps to help you choose where to buy Alkami Technology stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Select your method of payment and add your information.
- Research Alkami Technology stock: The Alkami Technology ticker symbol is ALKT. Is Alkami Technology stock a good investment? Should you buy shares of ALKT? How do ALKT's underlying business fundamentals look? Do top analysts think Alkami Technology is a good buy? Why has ALKT's stock price moved recently? (Hint: Our stock research website can help you understand if ALKT is a good stock to buy).
- Execute your ALKT trade: Decide if you will purchase ALKT shares at the current market price or use a limit order to purchase ALKT stock at a given price.
- Get the latest news on your ALKT investment: Create a watchlist to get the latest news on your position in Alkami Technology shares.
Step 1: Choose where to buy Alkami Technology stock
You need an online brokerage account in order to access the NASDAQ market and buy ALKT shares.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've selected your brokerage, you need to fill out some personal information so you can buy ALKT today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.
- Provide your personal data to open a new trading account.
- Submit your info by clicking the "Create Account" button.
Step 3: Put funds into your investment account
Now that you have finished signing up on the best stock trading app for beginners, you need to deposit funds:
Check out the walkthrough below to see the process of depositing funds into your investment account.
Step 4: Research Alkami Technology stock
After you have selected the best place to buy Alkami Technology stock, it's very important to research their stock prior to buying, so you can understand the risk as well as the upside.
Alkami Technology shares data
Alkami Technology Zen Score
WallStreetZen was built to help part-time investors do better fundamental analysis in less time.
You can see all of the due diligence checks on ALKT's stock page.
What is the fair value of ALKT stock?
You can use many financial metrics, analyses, models, and charts to gauge ALKT's intrinsic value.
Using relative valuations methods:
- ALKT may be undervalued based on its P/B ratio of 4.29x, relative to Software - Application industry P/B ratio of 5.69x
You can do more valuation analysis on ALKT's stock here.
ALKT Financial Summary
Pros:
- ALKT has cash burn of 43642000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than short-term liabilities on the ALKT balance sheet.
- There are more short-term assets than long-term liabilities on the ALKT balance sheet.
- ALKT has $185.40M in cash and short term investments. This is sufficient to cover its annual cash burn of $43.64M.
Cons:
- ALKT has a relatively high debt to equity ratio of 0.47.
- ALKT profit margin has gone up by 0.02 percentage points in the past year, but the company is still unprofitable.
Is Alkami Technology stock a Buy, Hold, or Sell, according to analysts?
Out of 7 sell side analysts who give forecasts on ALKT, the consensus analyst rating on ALKT is a Strong Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
Latest ALKT Analyst Upgrades/Downgrades
Alexei Gogolev, a top 29% analyst from JP Morgan initiates coverage on ALKT with a strong buy rating and announces their ALKT price target of $15.00, on May 9, 2023.
Andrew Schmitt, a top 16% analyst from Citigroup maintains ALKT with a strong buy rating and lowers their ALKT price target from $22.00 to $19.00, on May 5, 2023.
Charles Nabhan, a bottom 33% analyst from Stephens & Co. reiterates ALKT with a strong buy rating and maintains their ALKT price target from $18.00 to $18.00, on May 4, 2023.
Patrick Walravens, a top 19% analyst from JMP Securities reiterates ALKT with a buy rating and maintains their ALKT price target from $23.00 to $23.00, on May 4, 2023.
Saket Kalia, a top 9% analyst from Barclays maintains ALKT with a hold rating and lowers their ALKT price target from $17.00 to $14.00, on Apr 13, 2023.
You can dive deeper into what analysts are projecting on the Alkami Technology stock forecast page.
ALKT Technical Indicators
ALKT Performance Numbers
Last year, ALKT revenue was $219.48M. Over the past 2 year, ALKT's revenue has grown by 34.02% per year. This was faster than the Software - Application industry average of 33.02%.
Find out more about ALKT's earnings and revenue performance here.
Who is buying/selling ALKT?
In the last year, executives and large shareholders at ALKT have sold more shares than they have bought.
Stephen Bohanon, Chf. Strategist Sales Offr. of ALKT, was the latest ALKT insider to sell. They sold $200,785.20 worth of ALKT shares on Jun 1, 2023.
Get more info about who owns ALKT shares here.
Does ALKT stock generate passive income?
No, Alkami Technology doesn't provide an income stream by paying out dividends.
What others are saying about ALKT
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Execute your ALKT trade
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular price limit, place a limit order.
Hit the Open Trade button and eToro will place your order.
If you need additional help with buying stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your ALKT investment
Now that you own some ALKT stock, you'll want to keep up with your investment.
Make a watchlist to track your ALKT stock.
ALKT Feed
How to Buy Stock in Alkami Technology
To reiterate, here are the 6 steps you need to take to buy Alkami Technology stock right now:
- Choose where to buy Alkami Technology stock
- Create a brokerage account
- Put funds into your investment account
- Research Alkami Technology stock
- Execute your ALKT trade
- Get the latest news on your ALKT investment
If you require a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get updates on your investment in Alkami Technology, create a watchlist today.
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