Alpha Teknova (NASDAQ:TKNO) Stock Price Up 22.5% – Still a Buy?

Alpha Teknova, Inc. (NASDAQ:TKNO)’s share price rose 22.5% during mid-day trading on Monday . The stock traded as high as $9.68 and last traded at $9.85. Approximately 131,387 shares were traded during trading, a decline of 37% from the average daily volume of 207,518 shares. The stock had previously closed at $8.04.

Alpha Teknova Stock Up 16.2 %

The business’s 50-day moving average is $7.99 and its two-hundred day moving average is $5.94. The firm has a market capitalization of $498.16 million, a price-to-earnings ratio of -12.66 and a beta of 0.34. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.94 and a current ratio of 4.73.

Alpha Teknova (NASDAQ:TKNO) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.04). The firm had revenue of $9.58 million for the quarter, compared to the consensus estimate of $9.30 million. Alpha Teknova had a negative return on equity of 35.30% and a negative net margin of 87.17%. During the same period in the prior year, the business earned ($0.34) earnings per share. On average, equities analysts anticipate that Alpha Teknova, Inc. will post -0.58 earnings per share for the current year.

Hedge Funds Weigh In On Alpha Teknova

Several institutional investors and hedge funds have recently modified their holdings of TKNO. Roubaix Capital LLC bought a new stake in Alpha Teknova in the 3rd quarter valued at about $2,015,000. Point72 Asset Management L.P. acquired a new stake in shares of Alpha Teknova in the third quarter valued at approximately $1,483,000. Geode Capital Management LLC boosted its stake in shares of Alpha Teknova by 24.4% in the third quarter. Geode Capital Management LLC now owns 188,173 shares of the company’s stock valued at $911,000 after buying an additional 36,914 shares during the period. State Street Corp grew its position in Alpha Teknova by 249.3% during the third quarter. State Street Corp now owns 76,645 shares of the company’s stock worth $371,000 after buying an additional 54,700 shares in the last quarter. Finally, Whalen Wealth Management Inc. acquired a new position in Alpha Teknova in the 4th quarter valued at $240,000. 13.81% of the stock is currently owned by institutional investors and hedge funds.

Alpha Teknova Company Profile

Alpha Teknova, Inc produces critical reagents for the research, discovery, development, and commercialization of novel therapies, vaccines, and molecular diagnostics in the United States and internationally. The company offers pre-poured media plates for cell growth and cloning; liquid cell culture media and supplements for cellular expansion; and molecular biology reagents for sample manipulation, resuspension, and purification.