Short Interest in Alkami Technology, Inc. Declines By 9.2
| ALKT Stock | USD 39.76 1.88 4.96% |
Slightly above 54% of Alkami Technology's private investors are presently thinking to get in. The analysis of the overall prospects from investing in Alkami Technology suggests that some traders are, at the present time, interested. Alkami Technology's investing sentiment can be driven by a variety of factors including economic data, Alkami Technology's earnings reports, geopolitical events, and overall market trends.
Alkami |
Alkami Technology, Inc. was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 851,700 shares, a decline of 9.2 percent from the September 30th total of 938,000 shares. Currently, 1.8 percent of the shares of the stock are
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Alkami Technology Fundamental Analysis
We analyze Alkami Technology's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Alkami Technology using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Alkami Technology based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
Alkami Technology is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Alkami Technology Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Alkami Technology stock to make a market-neutral strategy. Peer analysis of Alkami Technology could also be used in its relative valuation, which is a method of valuing Alkami Technology by comparing valuation metrics with similar companies.
Peers
Alkami Technology Related Equities
| ASUR | Asure Software | 4.49 | ||||
| AGYS | Agilysys | 2.37 | ||||
| BL | Blackline | 2.13 | ||||
| ADEA | ADEIA P | 1.80 | ||||
| WK | Workiva | 1.60 | ||||
| PYCR | Paycor HCM | 1.19 | ||||
| BLKB | Blackbaud | 1.15 | ||||
| MLNK | Meridianlink | 0.87 | ||||
| ENFN | Enfusion | 0.85 | ||||
| CWAN | Clearwater Analytics | 0.66 | ||||
| PCTY | Paylocity Holdng | 0.33 | ||||
| CCRD | CoreCard Corp | 2.37 |
Additional Tools for Alkami Stock Analysis
When running Alkami Technology's price analysis, check to measure Alkami Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Alkami Technology is operating at the current time. Most of Alkami Technology's value examination focuses on studying past and present price action to predict the probability of Alkami Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Alkami Technology's price. Additionally, you may evaluate how the addition of Alkami Technology to your portfolios can decrease your overall portfolio volatility.