Moreover, the 36-month beta value for ALEC is 0.60. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 1 as “sell.”
The average price recommended by analysts for Alector Inc (ALEC) is $13.63, which is $8.7 above the current market price. The public float for ALEC is 61.24M and currently, short sellers hold a 12.53% of that float. On November 21, 2023, ALEC’s average trading volume was 702.35K shares.
ALEC) stock’s latest price update
The stock of Alector Inc (NASDAQ: ALEC) has increased by 14.15 when compared to last closing price of 4.31.Despite this, the company has seen a gain of 30.50% in its stock price over the last five trading days. Zacks Investment Research reported 2023-11-14 that The heavy selling pressure might have exhausted for Alector (ALEC) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
ALEC’s Market Performance
ALEC’s stock has risen by 30.50% in the past week, with a monthly drop of -6.99% and a quarterly drop of -27.00%. The volatility ratio for the week is 13.25% while the volatility levels for the last 30 days are 9.33% for Alector Inc The simple moving average for the past 20 days is -1.01% for ALEC’s stock, with a -26.78% simple moving average for the past 200 days.
Analysts’ Opinion of ALEC
Many brokerage firms have already submitted their reports for ALEC stocks, with Goldman repeating the rating for ALEC by listing it as a “Sell.” The predicted price for ALEC in the upcoming period, according to Goldman is $4 based on the research report published on September 25, 2023 of the current year 2023.
ALEC Trading at -13.93% from the 50-Day Moving Average
After a stumble in the market that brought ALEC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.10% of loss for the given period.
Volatility was left at 9.33%, however, over the last 30 days, the volatility rate increased by 13.25%, as shares sank -4.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.61% lower at present.
During the last 5 trading sessions, ALEC rose by +30.50%, which changed the moving average for the period of 200-days by -48.16% in comparison to the 20-day moving average, which settled at $4.96. In addition, Alector Inc saw -46.70% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at ALEC starting from Polaris Venture Management Co., who sale 500,000 shares at the price of $6.00 back on Sep 11. After this action, Polaris Venture Management Co. now owns 10,853,817 shares of Alector Inc, valued at $3,000,000 using the latest closing price.
MCGUIRE TERRANCE, the Director of Alector Inc, sale 500,000 shares at $6.00 during a trade that took place back on Sep 11, which means that MCGUIRE TERRANCE is holding 10,853,817 shares at $3,000,000 based on the most recent closing price.
Stock Fundamentals for ALEC
Current profitability levels for the company are sitting at:
- -103.16 for the present operating margin
- +93.66 for the gross margin
The net margin for Alector Inc stands at -99.77. The total capital return value is set at -45.48, while invested capital returns managed to touch -45.17. Equity return is now at value -68.03, with -18.73 for asset returns.
Based on Alector Inc (ALEC), the company’s capital structure generated 20.20 points at debt to equity in total, while total debt to capital is 16.81. Total debt to assets is 5.50, with long-term debt to equity ratio resting at 16.45. Finally, the long-term debt to capital ratio is 13.68.
When we switch over and look at the enterprise to sales, we see a ratio of -3.19, with the company’s debt to enterprise value settled at 0.47. The receivables turnover for the company is 26.78 and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.74.
To wrap up, the performance of Alector Inc (ALEC) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.