Alector Inc (NASDAQ:ALEC) shares, rose in value on Friday, June 20, with the stock price up by 0.68% to the previous day’s close as strong demand from buyers drove the stock to $1.47.
Actively observing the price movement in the last trading, the stock closed the session at $1.46. 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 7.30% over the past month.
With the market capitalization of Alector Inc currently standing at about $146.99 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-08.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of ALEC currently trading nearly 1.14% and 17.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.70, while the 7-day volatility ratio is showing 2.28% which for the 30-day chart, stands at 5.59%. Furthermore, Alector Inc (ALEC)’s beta value is 0.72, and its average true range (ATR) is 0.12.
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 0.68% in last session, and over the past year, it shrunk by -67.83%%.
Data on historical trading for Alector Inc (NASDAQ:ALEC) indicates that the trading volumes over the past 3 months, they’ve averaged 871.21K. According to company’s latest data on outstanding shares, there are 99.99 million shares outstanding.
Nearly 24.59% of Alector Inc’s shares belong to company insiders and institutional investors own 66.72% of the company’s shares. The stock has fallen by -22.22% 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.
