Alector Inc (NASDAQ:ALEC) shares, rose in value on Thursday, April 16, with the stock price down by -5.95% to the previous day’s close as strong demand from buyers drove the stock to $0.92.
Actively observing the price movement in the last trading, the stock closed the session at $0.98, falling within a range of $0.9131 and $1.03. The value of beta (5-year monthly) was 0.734. Referring to stock’s 52-week performance, its high was $6.78, and the low was $0.87. On the whole, ALEC has fluctuated by -30.82% over the past month.
With the market capitalization of Alector Inc currently standing at about $91.17 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-25.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 14.12M, with a low estimate of 2.5M and a high estimate of 6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.25M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ALEC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ALEC currently trading nearly -17.68% and -34.26% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.58, while the 7-day volatility ratio is showing 9.32% which for the 30-day chart, stands at 9.25%. Furthermore, Alector Inc (ALEC)’s beta value is 0.82, and its average true range (ATR) is 0.11.
A comparison of Alector Inc (ALEC) with its peers suggests the former has fared considerably weaker in the market. ALEC showed an intraday change of -5.95% in last session, and over the past year, it shrunk by -82.67%%.
Data on historical trading for Alector Inc (NASDAQ:ALEC) indicates that the trading volumes over the past 10 days have averaged 0.73 and over the past 3 months, they’ve averaged 638.83K. According to company’s latest data on outstanding shares, there are 99.09 million shares outstanding.
Nearly 24.37% of Alector Inc’s shares belong to company insiders and institutional investors own 68.32% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.44 million shares as on 2025-03-31, resulting in a short ratio of 7.28. According to the data, the short interest in Alector Inc (ALEC) stood at 777.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 5.52 million. The stock has fallen by -51.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ALEC stock heading into the next quarter.
