ALEC has 36-month beta value of 0.52. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 1 as “sell.”
The public float for ALEC is 75.34M, and currently, short sellers hold a 5.34% ratio of that float. The average trading volume of ALEC on December 02, 2024 was 826.31K shares.
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ALEC) stock’s latest price update
Alector Inc (NASDAQ: ALEC)’s stock price has increased by 1.77 compared to its previous closing price of 2.55. However, the company has seen a -31.12% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-11-27 that Alector stock falls as the phase II INVOKE-2 study evaluating AL002 in slowing disease progression in early Alzheimer’s disease fails to meet the primary goal.
ALEC’s Market Performance
ALEC’s stock has fallen by -31.12% in the past week, with a monthly drop of -49.22% and a quarterly drop of -50.95%. The volatility ratio for the week is 9.76% while the volatility levels for the last 30 days are 9.74% for Alector Inc The simple moving average for the last 20 days is -41.30% for ALEC stock, with a simple moving average of -51.05% for the last 200 days.
Analysts’ Opinion of ALEC
Many brokerage firms have already submitted their reports for ALEC stocks, with H.C. Wainwright repeating the rating for ALEC by listing it as a “Buy.” The predicted price for ALEC in the upcoming period, according to H.C. Wainwright is $7 based on the research report published on November 29, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see ALEC reach a price target of $3, previously predicting the price at $10. The rating they have provided for ALEC stocks is “Underweight” according to the report published on November 26th, 2024.
Stifel gave a rating of “Buy” to ALEC, setting the target price at $15 in the report published on December 14th of the previous year.
ALEC Trading at -44.68% 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 -70.90% of loss for the given period.
Volatility was left at 9.74%, however, over the last 30 days, the volatility rate increased by 9.76%, as shares sank -47.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -57.82% lower at present.
During the last 5 trading sessions, ALEC fell by -31.12%, which changed the moving average for the period of 200-days by -58.69% in comparison to the 20-day moving average, which settled at $4.41. In addition, Alector Inc saw -67.54% 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 Gary Romano, who proposed sale 14,306 shares at the price of $2.59 back on Dec 02 ’24. After this action, Gary Romano now owns shares of Alector Inc, valued at $37,053 using the latest closing price.
Sara Kenkare-Mitra, the Officer of Alector Inc, proposed sale 25,465 shares at $2.59 during a trade that took place back on Dec 02 ’24, which means that Sara Kenkare-Mitra is holding shares at $65,954 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 4.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.29.
Conclusion
To put it simply, Alector Inc (ALEC) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as 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.
