Alpha Teknova Stock Price on November 22, 2024
| TKNO Stock | USD 7.33 0.05 0.69% |
If you're considering investing in Alpha Stock, it is important to understand the factors that can impact its price. As of today, the current price of Alpha Teknova stands at 7.33, as last reported on the 22nd of November, with the highest price reaching 7.93 and the lowest price hitting 7.11 during the day. Alpha Teknova appears to be unstable, given 3 months investment horizon. Alpha Teknova secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. By analyzing Alpha Teknova's technical indicators, you can evaluate if the expected return of 0.79% is justified by implied risk. Please makes use of Alpha Teknova's Risk Adjusted Performance of 0.0938, downside deviation of 5.77, and Mean Deviation of 4.71 to double-check if our risk estimates are consistent with your expectations.
At this time, Alpha Teknova's Other Stockholder Equity is very stable compared to the past year. As of the 22nd of November 2024, Issuance Of Capital Stock is likely to grow to about 42.2 M, while Total Stockholder Equity is likely to drop about 79.8 M. . As of the 22nd of November 2024, Price Earnings To Growth Ratio is likely to grow to 0.11, while Price To Sales Ratio is likely to drop 3.07. Alpha Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Alpha |
Sharpe Ratio = 0.1208
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Estimated Market Risk
| 6.5 actual daily | 57 57% of assets are less volatile |
Expected Return
| 0.79 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Alpha Teknova is performing at about 9% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Alpha Teknova by adding it to a well-diversified portfolio.
Price Book 4.447 | Enterprise Value Ebitda (6.23) | Price Sales 10.6771 | Shares Float 8.5 M | Wall Street Target Price 8 |
Alpha Teknova Valuation on November 22, 2024
It is possible to determine the worth of Alpha Teknova on a given historical date. On November 22, 2024 Alpha was worth 7.11 at the beginning of the trading date compared to the closed value of 7.33. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Alpha Teknova stock. Still, in general, we apply an absolute valuation method to find Alpha Teknova's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Alpha Teknova where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Alpha Teknova's related companies.
| Open | High | Low | Close | Volume | |
| 7.61 | 7.64 | 6.93 | 7.28 | 417,206 | |
11/22/2024 | 7.11 | 7.93 | 7.11 | 7.33 | 232,229 |
| Backtest Alpha Teknova | | | Alpha Teknova History | | | Alpha Teknova Valuation | Previous |
Alpha Teknova Trading Date Momentum on November 22, 2024
| On November 22 2024 Alpha Teknova was traded for 7.33 at the closing time. The top price for the day was 7.93 and the lowest listed price was 7.11 . The trading volume for the day was 232.2 K. The trading history from November 22, 2024 did not affect price variability. The overall trading delta against the current closing price is 3.00% . |
Alpha Teknova Fundamentals Correlations and Trends
By evaluating Alpha Teknova's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Alpha Teknova's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Alpha financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Alpha Teknova Stock history
Alpha Teknova investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Alpha is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Alpha Teknova will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Alpha Teknova stock prices may prove useful in developing a viable investing in Alpha Teknova
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 31.8 M | 30.8 M | |
| Net Loss | -42.7 M | -40.6 M |
Alpha Teknova Quarterly Net Working Capital |
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Alpha Teknova Stock Technical Analysis
Alpha Teknova technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Alpha Teknova Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Alpha Teknova cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Alpha Teknova November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Alpha Teknova stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Alpha Teknova shares will generate the highest return on investment. By undertsting and applying Alpha Teknova stock market strength indicators, traders can identify Alpha Teknova entry and exit signals to maximize returns
Alpha Teknova Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Alpha Teknova's price direction in advance. Along with the technical and fundamental analysis of Alpha Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Alpha to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0938 | |||
| Jensen Alpha | 0.5178 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.1054 | |||
| Treynor Ratio | 0.3703 |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Alpha Teknova. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. To learn how to invest in Alpha Stock, please use our How to Invest in Alpha Teknova guide.You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Alpha Teknova. If investors know Alpha will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Alpha Teknova listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.92) | Revenue Per Share 0.917 | Quarterly Revenue Growth (0.17) | Return On Assets (0.15) | Return On Equity (0.42) |
The market value of Alpha Teknova is measured differently than its book value, which is the value of Alpha that is recorded on the company's balance sheet. Investors also form their own opinion of Alpha Teknova's value that differs from its market value or its book value, called intrinsic value, which is Alpha Teknova's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Alpha Teknova's market value can be influenced by many factors that don't directly affect Alpha Teknova's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Alpha Teknova's value and its price as these two are different measures arrived at by different means. Investors typically determine if Alpha Teknova is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Alpha Teknova's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.