The 36-month beta value for ALEC is at 0.59. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 2 as “hold,” and 1 as “sell.”
The public float for ALEC is 75.34M, and currently, shorts hold a 6.24% of that float. The average trading volume for ALEC on November 26, 2024 was 627.39K shares.
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ALEC) stock’s latest price update
Alector Inc (NASDAQ: ALEC)’s stock price has decreased by -34.47 compared to its previous closing price of 3.96. However, the company has seen a -32.60% decrease in its stock price over the last five trading sessions. benzinga.com reported 2024-11-26 that On Monday, Alector, Inc. ALEC released results from the INVOKE-2 Phase 2 trial evaluating the safety and efficacy of AL002 in slowing disease progression in individuals with early Alzheimer’s disease (AD).
ALEC’s Market Performance
ALEC’s stock has fallen by -32.60% in the past week, with a monthly drop of -48.82% and a quarterly drop of -50.19%. The volatility ratio for the week is 7.80% while the volatility levels for the last 30 days are 8.97% for Alector Inc The simple moving average for the last 20 days is -44.28% for ALEC stock, with a simple moving average of -51.28% for the last 200 days.
Analysts’ Opinion of ALEC
Stifel, on the other hand, stated in their research note that they expect to see ALEC reach a price target of $15, previously predicting the price at $8. The rating they have provided for ALEC stocks is “Buy” according to the report published on December 14th, 2023.
Deutsche Bank gave a rating of “Buy” to ALEC, setting the target price at $12 in the report published on December 12th of the previous year.
ALEC Trading at -46.11% 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 -70.84% of loss for the given period.
Volatility was left at 8.97%, however, over the last 30 days, the volatility rate increased by 7.80%, as shares sank -49.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -54.27% lower at present.
During the last 5 trading sessions, ALEC fell by -33.01%, which changed the moving average for the period of 200-days by -60.44% in comparison to the 20-day moving average, which settled at $4.66. In addition, Alector Inc saw -67.48% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALEC starting from GRASSO MARC, who sale 7,297 shares at the price of $4.88 back on Sep 03 ’24. After this action, GRASSO MARC now owns 130,740 shares of Alector Inc, valued at $35,620 using the latest closing price.
Rosenthal Arnon, the Chief Executive Officer of Alector Inc, sale 26,499 shares at $4.88 during a trade that took place back on Sep 03 ’24, which means that Rosenthal Arnon is holding 1,948,746 shares at $129,387 based on the most recent closing price.
Stock Fundamentals for ALEC
Current profitability levels for the company are sitting at:
- -3.01 for the present operating margin
- 0.82 for the gross margin
The net margin for Alector Inc stands at -2.58. The total capital return value is set at -0.5. Equity return is now at value -112.55, with -26.66 for asset returns.
Based on Alector Inc (ALEC), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at -32.63. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -35.9.
Currently, EBITDA for the company is -142.89 million with net debt to EBITDA at 0.01. When we switch over and look at the enterprise to sales, we see a ratio of 4.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.29.
Conclusion
In conclusion, Alector Inc (ALEC) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. 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.
