Alpha Teknova (NASDAQ:TKNO) Issues Earnings Results

Alpha Teknova (NASDAQ:TKNOGet Free Report) released its quarterly earnings results on Monday. The company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.04, Zacks reports. Alpha Teknova had a negative return on equity of 37.35% and a negative net margin of 97.85%. The company had revenue of $9.29 million for the quarter, compared to analysts’ expectations of $7.80 million. During the same period in the prior year, the firm earned ($0.31) earnings per share. Alpha Teknova updated its FY 2024 guidance to EPS.

Alpha Teknova Stock Up 3.2 %

Shares of NASDAQ TKNO traded up $0.06 during mid-day trading on Thursday, hitting $1.94. The company had a trading volume of 446 shares, compared to its average volume of 13,406. The company has a market capitalization of $79.19 million, a PE ratio of -1.79 and a beta of 0.39. The business’s 50-day simple moving average is $2.32 and its 200 day simple moving average is $2.73. Alpha Teknova has a 1-year low of $1.66 and a 1-year high of $4.27. The company has a debt-to-equity ratio of 0.15, a current ratio of 5.14 and a quick ratio of 3.84.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. BTIG Research lowered Alpha Teknova from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 12th. Stephens reissued an “overweight” rating and issued a $15.00 price objective on shares of Alpha Teknova in a research note on Tuesday.

Read Our Latest Analysis on TKNO

Alpha Teknova Company Profile

(Get Free Report)

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.

See Also

Earnings History for Alpha Teknova (NASDAQ:TKNO)

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