In yesterday’s Wall Street session, Alpha Teknova Inc (NASDAQ:TKNO) shares traded at $3.27, up 30.28% from the previous session.
TKNO stock price is now 98.98% away from the 50-day moving average and 35.72% away from the 200-day moving average. The market capitalization of the company currently stands at $133.48M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
In other news, Telegraph Hill Partners IV, L., 10% Owner bought 12,096,773 shares of the company’s stock on Jul 12 ’24. The stock was bought for $14,999,999 at an average price of $1.24. Upon completion of the transaction, the 10% Owner now directly owns 11,126,929 shares in the company, valued at $36.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 12 ’24, President and CEO Gunstream Stephen bought 80,645 shares of the business’s stock. A total of $100,000 was incurred on buying the stock at an average price of $1.24. This leaves the insider owning 243,497 shares of the company worth $0.8 million. A total of 0.00% of the company’s stock is owned by insiders.
During the past 12 months, Alpha Teknova Inc has had a low of $1.15 and a high of $4.27. As of last week, the company has a debt-to-equity ratio of 0.38, a current ratio of 5.52, and a quick ratio of 3.92. The fifty day moving average price for TKNO is $1.6728 and a two-hundred day moving average price translates $2.414695 for the stock.
The latest earnings results from Alpha Teknova Inc (NASDAQ: TKNO) was released for 2024-03-31. The net profit margin was -97.85% and return on equity was -41.10% for TKNO. The company reported revenue of $9.29 million for the quarter, compared to $9.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.85 percent.
