Now Is A Good Time To Buy Alpha Teknova Inc (NASDAQ: TKNO)

During the last session, Alpha Teknova Inc (NASDAQ:TKNO)’s traded shares were 0.35 million, with the beta value of the company hitting 0.44. At the end of the trading day, the stock’s price was $5.10, reflecting an intraday loss of -0.20% or -$0.01. The 52-week high for the TKNO share is $5.45, that puts it down -6.86 from that peak though still a striking 77.45% gain since the share price plummeted to a 52-week low of $1.15. The company’s market capitalization is $271.83M, and the average intraday trading volume over the past 10 days was 0.12 million shares, and the average trade volume was 618.42K shares over the past three months.

Alpha Teknova Inc (NASDAQ:TKNO) trade information

Alpha Teknova Inc (TKNO) registered a -0.20% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.20% in intraday trading to $5.10, hitting a weekly high. The stock’s 5-day price performance is 15.91%, and it has moved by -1.35% in 30 days. Based on these gigs, the overall price performance for the year is 171.28%. The short interest in Alpha Teknova Inc (NASDAQ:TKNO) is 0.27 million shares and it means that shorts have 0.98 day(s) to cover.

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Alpha Teknova Inc (TKNO) estimates and forecasts

Statistics show that Alpha Teknova Inc has outperformed its competitors in share price, compared to the industry in which it operates. Alpha Teknova Inc (TKNO) shares have gone up 101.58% during the last six months, with a year-to-date growth rate more than the industry average at 51.79% against 17.30.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -113.92%. While earnings are projected to return 52.16% in 2024.

TKNO Dividends

Alpha Teknova Inc is due to release its next quarterly earnings on 2024-Aug-13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Alpha Teknova Inc insiders own 9.35% of total outstanding shares while institutional holders control 81.83%, with the float percentage being 90.27%. MILLENNIUM MANAGEMENT LLC is the largest shareholder of the company, while 39.0 institutions own stock in it. As of 2024-06-30, the company held over 1.85 million shares (or 4.5249% of all shares), a total value of $2.53 million in shares.

The next largest institutional holding, with 1.05 million shares, is of BALYASNY ASSET MANAGEMENT L.P.’s that is approximately 2.5626% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.43 million.

Also, the Mutual Funds coming in first place with the largest holdings of Alpha Teknova Inc (TKNO) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 303.05 shares. This amounts to just over 0.57 percent of the company’s overall shares, with a $1.55 million market value. The same data shows that the other fund manager holds slightly less at 233.25, or about 0.44% of the stock, which is worth about $1.19 million.