Alector Inc (NASDAQ:ALEC) price on current trading day, rose 0.46% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.20.
A look at the stock’s price movement, the close in the last trading session was $2.19, moving within a range at $2.0 and $2.2. The beta value (5-Year monthly) was 0.657. Turning to its 52-week performance, $8.90 and $2.14 were the 52-week high and 52-week low respectively. Overall, ALEC moved -55.96% over the past month.
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Alector Inc’s market cap currently stands at around $215.45 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 16.8M for the company’s revenue for the quarter, with a low and high estimate of 15M and 18.7M respectively. The average forecast suggests up to a 10.63% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 62.7M, representing a -35.40% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ALEC is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 3 recommend ALEC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ALEC’s current price about -42.95% and -50.49% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 24.56, while 7-day volatility ratio is 9.43% and 10.20% in the 30-day chart. Further, Alector Inc (ALEC) has a beta value of 0.51, and an average true range (ATR) of 0.39. Analysts have given the company’s stock an average 52-week price target of $4, forecast between a low of $4 and high of $4. Looking at the price targets, the low is -81.82% off current price level while to achieve the yearly target high, price needs to move -81.82%. Nonetheless, investors will most likely welcome a -81.82% jump to $4 which is the analysts’ median price.
If we refocus on Alector Inc (NASDAQ:ALEC), historical trading data shows that trading volumes averaged 2.6 over the past 10 days and 921.50K over the past 3 months. The company’s latest data on shares outstanding shows there are 97.93 million shares.
The 23.07% of Alector Inc’s shares are in the hands of company insiders while institutional holders own 72.96% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.02 million on 2024-11-15, giving us a short ratio of 6.55. The data shows that as of 2024-11-15 short interest in Alector Inc (ALEC) stood at 584.0 of shares outstanding, with shares short falling to 4.85 million registered in 2024-10-15. Current price change has pushed the stock -72.43% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ALEC stock continues to rise going into the next quarter.
