The stock of Alector Inc. (NASDAQ:ALEC) increased by $0.45 on Tuesday to finish at $6.58, up 7.34 percent. The last five days have seen an average of 1,098,440 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$2.65. The average number of shares traded over the last 20 days was 801,760, while the average volume over the last 50 days totaled 652,814.
ALEC stock dropped -8.23% since last month. On 09/05/23, the company’s shares reached a one-month low of $4.98. The stock touched a high of $10.07 on 02/17/23, after rallying from a low of $4.98 in 52 weeks. The price of ALEC stock has declined by -28.71% or -$2.65 this year, reaching a new high 8 times. Still, the stock price is down -34.66% from the 52-week high.
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Insider Transactions
ALEC stock investors should be aware that Alector Inc. (ALEC) stock had its last reported insider trading activity 9 days ago on Sep 11. On Sep 11, 10% Owner Polaris Venture Management Co. sold 500,000 shares at $6.00 each. This transaction resulted in the insider making $3,000,000. On Sep 11, MCGUIRE TERRANCE sold 500,000 shares at a price of US$6.00. After the transaction, the insider now owns 10,853,817 shares. President and Head of R&D Kenkare-Mitra Sara had earlier sold 6,214 shares on Sep 05 for $5.19 a share. The transaction was completed for $32,277.
Valuation Metrics
Beta for the stock is 0.72. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.25, the price-to-book (PB) ratio of 2.80.
Financial Health
For the three months ended June 29, Alector Inc.’s quick ratio was 4.90, while its current ratio was 4.90, indicating its ability to pay off its debt. Based on annual data, it had gross profit of $271.45 million and revenue of $133.62 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ALEC’s return on assets (ROA) during the last 12 months has been -18.60%. There was a -64.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -67.60%.
Earnings Surprise
According to Alector Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $56.21 million, while revenues fell by -42.06% to $16.55 million. It was predicted that Alector Inc.’s quarterly earnings would be $0.02, but it ended up being -$0.82, beating the consensus by 102.40%. EBITDA was -$4.68 million for the quarter. At the end of Alector Inc.’s most recent quarter ended June 29, its liabilities totaled 512.43 million, while its total debt was $40.94 million. Equity owned by shareholders amounts to $83.83 million.
Technical Picture
Here’s a quick look at Alector Inc.’s (ALEC) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 61.41%, suggesting the stock is Neutral, with a 56.41% historical volatility rate.
The stochastic %K and %D were 87.47% and 88.44% respectively, while the average true range (ATR) was 0.40. Based on the 14-day stochastic reading of 96.97%, the RSI (14) reading is 55.84%. On the 9-day MACD Oscillator, the stock is at 0.32, and the 14-day reading is at 0.56.
Analyst Ratings
Alector Inc. (NASDAQ: ALEC) was downgraded by BofA Securities to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Alector Inc. (ALEC) an Overweight rating. ALEC is a stock that is recommended for selling by 0 brokerage firms, while 3 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 5 others recommend it as a buy.
What is ALEC’s price target for the next 12 months?
The current consensus forecast for the stock is between $8.00 and $41.00, with a median target price of $11.00. In analyzing these forecasts, the average price target given by analysts for Alector Inc. (ALEC) is $17.13.
