Screened 2026-09-16 · the tape above runs as of 19:00 UTC · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its distribution label.
Alkami Technology, Inc. holds its Distribution at $18.94. The statistical read favours the sellers, held for 87 days.
As held on the ledger · 2026-09-16
Phase
Distribution · caution
Quantitative state
The statistical read favours the sellers, held for 87 days
Price at the screen
$18.94
Valuation
N/A trailing · 17.43 forward price to earnings
Values screen
FAIL· score 70.0
Beta
0.61
The Workings
Five Screens, Shown in Full
Does not pass. Debt ratio
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
43.50%
Below 33%
Interest-bearing debt is 43.5% of its assets, above the one-third ceiling the screen allows.
Fail
Interest-bearing cash
4.21%
Below 33%
Cash held in interest-bearing accounts and securities is 4.2% of assets, under the one-third limit.
Pass
Receivables
12.70%
Below 49%
Money owed to the company is 12.7% of assets, under the 49% limit.
Pass
Revenue purity
0.94%
Below 5%
Only 0.9% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-09-16 screen. The gold marker is the market price at the same screen. A 10.3% margin of safety to the base estimate.
Third-party analyst targets: 7 covering, consensus Buy. The average target sits +11% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-09-16 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Digital Banking Tools That Still Lose Money
Picture a US bank trying to keep customers from switching to an app that actually works. Alkami builds the cloud platform that handles onboarding and daily banking for smaller financial institutions. Revenue is growing at 29 percent a year, yet the business still posts an 11 percent negative profit margin and a negative 14 percent return on equity, so the numbers have not yet turned into cash.
We pass because the opportunity rating is none despite the 41 percent gap between the current price and our fair value. Forward earnings sit at 15.8 times, the moat is unknown, and seven analysts offer no consensus. Growth alone does not clear the bar when profits remain absent and the competitive edge is unproven.
Risk sits in the continued losses and the question of whether smaller banks will keep paying up once bigger platforms copy the features. The ethical screen passes cleanly, but that does not remove the execution gap. Analysis, not advice.
The risks · The main risks here are ordinary market swings and the chance our fair-value read proves too optimistic.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
ALKT trades on Nasdaq. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-21Markup · changed$20.21+12.8%Entry 6
The framework has shifted from accumulation to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved up 12.8% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it B. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 49%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (9 analysts) rates it buy, with a mean price target of $22.
2026-07-21Accumulation$17.91+17.9%Entry 5
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved up 17.9% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 49%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (9 analysts) rates it buy, with a mean price target of $22.
2026-07-18Accumulation$15.19+0.0%Entry 4
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 49%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (9 analysts) rates it buy, with a mean price target of $22.
2026-07-17Accumulation$15.19+0.0%Entry 3
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading neutral. Over the past year the shares are down 49%. Our forward projection puts the odds of a 10% gain over the next month near 20%. The street (9 analysts) rates it buy, with a mean price target of $22.
2026-07-03Accumulation$15.19+0.0%Entry 2
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows negative risk-adjusted returns.
2026-07-02Accumulation$15.19Entry 1
The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows negative risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
