Alector Inc (NASDAQ: ALEC) has seen a decline in its stock price by -1.62 in relation to its previous close of 1.85. However, the company has experienced a 2.25% gain in its stock price over the last five trading sessions. benzinga.com reported 2024-12-04 that Bank of America Securities has downgraded Alector, Inc. ALEC, citing the failure of its AL002 program.
Is It Worth Investing in Alector Inc (NASDAQ: ALEC) Right Now?
Moreover, the 36-month beta value for ALEC is 0.53. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 1 as “sell.”
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The public float for ALEC is 75.59M and currently, short sellers hold a 7.47% of that float. On December 27, 2024, ALEC’s average trading volume was 1.15M shares.
ALEC’s Market Performance
ALEC stock saw a decrease of 2.25% in the past week, with a monthly decline of -54.04% and a quarterly a decrease of -62.16%. The volatility ratio for the week is 7.94%, and the volatility levels for the last 30 days are 8.84% for Alector Inc (ALEC). The simple moving average for the last 20 days is -13.84% for ALEC stock, with a simple moving average of -62.70% for the last 200 days.
Analysts’ Opinion of ALEC
Many brokerage firms have already submitted their reports for ALEC stocks, with Mizuho repeating the rating for ALEC by listing it as a “Neutral.” The predicted price for ALEC in the upcoming period, according to Mizuho is $2.50 based on the research report published on December 17, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see ALEC reach a price target of $4. The rating they have provided for ALEC stocks is “Hold” according to the report published on December 16th, 2024.
BofA Securities gave a rating of “Underperform” to ALEC, setting the target price at $1 in the report published on December 04th of the current year.
ALEC Trading at -50.59% 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 -79.55% of loss for the given period.
Volatility was left at 8.84%, however, over the last 30 days, the volatility rate increased by 7.94%, as shares sank -29.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -64.10% lower at present.
During the last 5 trading sessions, ALEC rose by +2.25%, which changed the moving average for the period of 200-days by -69.10% in comparison to the 20-day moving average, which settled at $2.1123. In addition, Alector Inc saw -77.19% 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 2.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.29.
Conclusion
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.
