With 79.09% Distance From Low, Is Alpha Teknova Inc (NASDAQ:TKNO) Still Renewed For Growth?

In last trading session, Alpha Teknova Inc (NASDAQ:TKNO) saw 1.3 million shares changing hands with its beta currently measuring 0.54. Company’s recent per share price level of $5.50 trading at $0.12 or 2.23% at ring of the bell on the day assigns it a market valuation of $293.90M. That closing price of TKNO’s stock is at a discount of -88.55% from its 52-week high price of $10.37 and is indicating a premium of 79.09% 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 0.67 million shares which gives us an average trading volume of 332.79K if we extend that period to 3-months.

Alpha Teknova Inc (NASDAQ:TKNO) trade information

Upright in the green during last session for gaining 2.23%, in the last five days TKNO remained trading in the red while hitting it’s week-highest on Monday, 03/10/25 when the stock touched $5.50 price level, adding 16.92% to its value on the day. Alpha Teknova Inc’s shares saw a change of -34.13% in year-to-date performance and have moved -7.87% in past 5-day. Alpha Teknova Inc (NASDAQ:TKNO) showed a performance of -40.02% in past 30-days. Number of shares sold short was 1.66 million shares which calculate 5.95 days to cover the short interests.

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 -59.63% during past 5 years.

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

Insiders are in possession of 9.28% of company’s total shares while institution are holding 82.67 percent of that, with stock having share float percentage of 91.12%. Investors also watch the number of corporate investors in a company very closely, which is 82.67% 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 1.85 million shares of worth $2.53 million. And as of 2024-06-30, it was holding 4.5249 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 2024-06-30. The number of shares represents firm’s hold over 2.5595 of outstanding shares, having a total worth of $1.43 million.