Company’s 36-month beta value is 0.52.Analysts have differing opinions 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 75.59M, and currently, short sellers hold a 7.13% ratio of that floaft. The average trading volume of ALEC on December 12, 2024 was 1.03M shares.
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ALEC) stock’s latest price update
The stock price of Alector Inc (NASDAQ: ALEC) has dropped by -1.18 compared to previous close of 2.12. Despite this, the company has seen a fall of -4.77% in its stock price over the last five trading days. benzinga.com reported 2024-12-04 that Bank of America Securities has downgraded Alector, Inc. ALEC, citing the failure of its AL002 program.
ALEC’s Market Performance
Alector Inc (ALEC) has experienced a -4.77% fall in stock performance for the past week, with a -62.25% drop in the past month, and a -65.26% drop in the past quarter. The volatility ratio for the week is 8.36%, and the volatility levels for the past 30 days are at 9.72% for ALEC. The simple moving average for the past 20 days is -30.05% for ALEC’s stock, with a -58.91% simple moving average for the past 200 days.
Analysts’ Opinion of ALEC
Many brokerage firms have already submitted their reports for ALEC stocks, with BofA Securities repeating the rating for ALEC by listing it as a “Underperform.” The predicted price for ALEC in the upcoming period, according to BofA Securities is $1 based on the research report published on December 04, 2024 of the current year 2024.
H.C. Wainwright, on the other hand, stated in their research note that they expect to see ALEC reach a price target of $7, previously predicting the price at $35. The rating they have provided for ALEC stocks is “Buy” according to the report published on November 29th, 2024.
Morgan Stanley gave a rating of “Underweight” to ALEC, setting the target price at $3 in the report published on November 26th of the current year.
ALEC Trading at -50.03% 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 -76.46% of loss for the given period.
Volatility was left at 9.72%, however, over the last 30 days, the volatility rate increased by 8.36%, as shares sank -59.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -53.44% lower at present.
During the last 5 trading sessions, ALEC fell by -4.77%, which changed the moving average for the period of 200-days by -70.03% in comparison to the 20-day moving average, which settled at $2.99. In addition, Alector Inc saw -73.75% 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 16,489 shares at the price of $2.52 back on Dec 02 ’24. After this action, GRASSO MARC now owns 330,651 shares of Alector Inc, valued at $41,542 using the latest closing price.
Rosenthal Arnon, the Chief Executive Officer of Alector Inc, sale 52,172 shares at $2.52 during a trade that took place back on Dec 02 ’24, which means that Rosenthal Arnon is holding 2,507,074 shares at $131,442 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 3.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.29.
Conclusion
In a nutshell, Alector Inc (ALEC) has experienced a bad performance in recent times. The stock has received mixed “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.
