With 1.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.4 million shares. The 52-week range on ALKT shows that it touched its highest point at $42.29 and its lowest point at $21.70 during that stretch. It currently has a 1-year price target of $39.30. Beta for the stock currently stands at 0.56.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALKT was up-trending over the past week, with a rise of 3.97%, but this was up by 16.94% over a month. Three-month performance dropped to -22.69% while six-month performance fell -24.97%. The stock gained 2.92% in the past year, while it has lost -25.11% so far this year. A look at the trailing 12-month EPS for ALKT yields -0.37 with Next year EPS estimates of 0.83. For the next quarter, that number is 0.07. This implies an EPS growth rate of 109.00% for this year and 89.85% for next year. EPS is expected to grow by 77.76% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.24%.
Float and Shares Shorts:
At present, 103.02 million ALKT shares are outstanding with a float of 65.61 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALKT since 11 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.27191 being high and $0.25604 being low. For ALKT, this leads to a yearly average estimate of $0.26589. Based on analyst estimates, the high estimate for the next quarter is $0.14 and the low estimate is $0.07. The average estimate for the next quarter is thus $0.11.
