Alpha Teknova Inc (NASDAQ:TKNO) At $4.95: What To Do?

In last trading session, Alpha Teknova Inc (NASDAQ:TKNO) saw 0.72 million shares changing hands with its beta currently measuring 0.39. Company’s recent per share price level of $4.95 trading at $0.93 or 23.13% at ring of the bell on the day assigns it a market valuation of $263.83M. That closing price of TKNO’s stock is at a premium of 11.31% from its 52-week high price of $4.39 and is indicating a premium of 76.77% from its 52-week low price of $1.15. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.3 million shares which gives us an average trading volume of 551.96K if we extend that period to 3-months.

Alpha Teknova Inc (NASDAQ:TKNO) trade information

Upright in the green during last session for gaining 23.13%, in the last five days TKNO remained trading in the green while hitting it’s week-highest on Friday, 08/16/24 when the stock touched $4.95 price level, adding 1.0% to its value on the day. Alpha Teknova Inc’s shares saw a change of 32.71% in year-to-date performance and have moved 16.47% in past 5-day. Alpha Teknova Inc (NASDAQ:TKNO) showed a performance of 160.53% in past 30-days. Number of shares sold short was 0.19 million shares which calculate 0.14 days to cover the short interests.

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Alpha Teknova Inc (TKNO) estimates and forecasts

Statistics highlight that Alpha Teknova Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 63.91% of value to its shares in past 6 months, showing an annual growth rate of 48.21% while that of industry is 17.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 1.20% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 9.2M for the same. And 5 analysts are in estimates of company making revenue of 9.03M in the next quarter. Company posted 8.17M and 7.87M of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -113.92% during past 5 years.

Alpha Teknova Inc (NASDAQ:TKNO)’s Major holders

Insiders are in possession of 9.36% of company’s total shares while institution are holding 81.98 percent of that, with stock having share float percentage of 90.45%. Investors also watch the number of corporate investors in a company very closely, which is 81.98% institutions for Alpha Teknova Inc that are currently holding shares of the company. MILLENNIUM MANAGEMENT LLC is the top institutional holder at TKNO for having 1.83 million shares of worth $4.64 million. And as of 2024-03-31, it was holding 5.7583 of the company’s outstanding shares.

The second largest institutional holder is BALYASNY ASSET MANAGEMENT L.P., which was holding about 1.05 million shares on 2024-03-31. The number of shares represents firm’s hold over 3.2862 of outstanding shares, having a total worth of $2.77 million.

On the other hand, Vanguard Total Stock Market Index Fund and Fidelity Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024 , the former fund manager was holding 303.05 shares of worth $1.5 million or 0.57% of the total outstanding shares. The later fund manager was in possession of 109.68 shares on Jun 30, 2024 , making its stake of worth around $0.54 million in the company or a holder of 0.21% of company’s stock.