Alector Inc (NASDAQ:ALEC) price on Thursday, February 27, fall -3.49% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.66.
A look at the stock’s price movement, the close in the last trading session was $1.72. Turning to its 52-week performance, $7.58 and $1.55 were the 52-week high and 52-week low respectively. Overall, ALEC moved -2.35% over the past month.
Alector Inc’s market cap currently stands at around $162.56 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 2.5M for the company’s revenue for the quarter, with a low and high estimate of 2.5M and 2.5M respectively. The average forecast suggests down to a -84.27% 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 47.93M, representing a -52.33% 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 -4.13% and -6.94% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.04, while 7-day volatility ratio is 11.43% and 7.65% in the 30-day chart. Further, Alector Inc (ALEC) has a beta value of 0.64, and an average true range (ATR) of 0.15. 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 -140.96% off current price level while to achieve the yearly target high, price needs to move -140.96%. Nonetheless, investors will most likely welcome a -140.96% 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 1.10 million over the past 3 months. The company’s latest data on shares outstanding shows there are 99.09 million shares.
The 24.77% of Alector Inc’s shares are in the hands of company insiders while institutional holders own 69.11% of the company’s shares. Current price change has pushed the stock -12.17% 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.
