At the last check on Friday, Alector Inc.’s (NASDAQ:ALEC) stock was up $2.21, moving up 33.27 percent to $8.83. The average number of shares traded per day over the past five days has been 387,231 shares. 3 times new highs have been achieved over the past 5 days, with a $2.36 gain in that time frame. In the last twenty days, the average volume was 471,963, while in the previous 50 days, it was 517,151.
Since last month, ALEC stock rose 46.91%. Shares of the company fell to $5.91 on 07/06/23, the lowest level in the past month. A 52-week high of $13.50 was reached on 02/17/23 after having rallying from a 52-week low of $5.65. Since the beginning of this year, ALEC’s stock price has dropped by -4.34% or -$0.50, and marked a new high 8 times. However, the stock has declined by -34.60% since its 52-week high.
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ALEC stock investors should be aware that Alector Inc. (ALEC) stock had its last reported insider trading activity 63 days ago on Jun 02. Rosenthal Arnon, the Chief Executive Officer of the company, disposed of 5,255 shares for $6.90 on Jun 02. It resulted in a $36,279 divestment by the insider. Kenkare-Mitra Sara sold 4,092 shares at an average price of $6.90 on Jun 02. The insider now owns 184,149 shares following the transaction. On Jun 02, Chief Medical Officer Romano Gary sold 2,617 shares at $6.90 apiece. The transaction was valued at $18,067.
Valuation Metrics
The stock’s beta is 0.71. Besides these, the trailing price-to-sales (P/S) ratio of 5.68, the price-to-book (PB) ratio of 4.01.
Financial Health
In the three months ended June 29, Alector Inc.’s quick ratio stood at 6.90, while its current ratio was 6.90, showing that the company is able to pay off its debt. Based on annual data, ALEC earned $271.45 million in gross profit and brought in $133.62 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -64.30%. Return on equity (ROE) for the past 12 months was -57.30%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ALEC’s revenue fell -42.06% to $16.55 million during the quarter, while net income inched up to $56.21 million. While analysts expected Alector Inc. to report -$0.82 quarterly earnings, the actual figure was $0.02 per share, beating the consensus estimate by 102.40%. During the quarter, the company generated -$50.61 million in EBITDA. The liabilities of Alector Inc. were 565.33 million at the end of its most recent quarter ended June 29, and its total debt was $42.18 million. The value of shareholders’ equity is $83.35 million.
Technical Picture
This quick technical analysis looks at Alector Inc.’s (ALEC) price momentum. With a historical volatility rate of 153.18%, the RSI 9-day stood at 80.24% on 03 August.
With respect to its five-day moving average, the current Alector Inc. price is up by +36.97% percent or $2.36. At present, ALEC shares trade +41.64% above its 20-day simple moving average and +30.81% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.58% above its SMA50 and -6.28% below its SMA200.
Stochastic coefficient K was 61.77% and Stochastic coefficient D was 58.86%, while ATR was 0.54. Given the Stochastic reading of 96.46% for the 14-day period, the RSI (14) reading has been calculated as 73.61%. As of today, the MACD Oscillator reading stands at 0.57, while the 14-day reading stands at 0.60.
Analyst Ratings
Alector Inc. downgraded its rating on Alector Inc. (NASDAQ: ALEC) to a Neutral in a note to investors on January 06, 2023. The analysts firm previously had a Buy rating on the stock.Alector Inc. (ALEC) has been rated Overweight by analysts. According to 0 brokerage firms, ALEC is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Alector Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $12.00, the current consensus forecast for the stock is $10.00 – $41.00. Based on these forecasts, analysts predict Alector Inc. (ALEC) will achieve an average price target of $17.63.
