Alector Inc (NASDAQ: ALEC) closed the day trading at $4.31 up 9.39% from the previous closing price of $3.94. In other words, the price has increased by $+0.3700 from its previous closing price. On the day, 1424525 shares were traded. ALEC stock price reached its highest trading level at $4.3250 during the session, while it also had its lowest trading level at $3.9400.
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Ratios:
For a better understanding of ALEC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.95 and its Current Ratio is at 3.95. In the meantime, Its Debt-to-Equity ratio is 0.25 whereas as Long-Term Debt/Eq ratio is at 0.20.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on September 25, 2023, initiated with a Sell rating and assigned the stock a target price of $4.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 11 when Polaris Venture Management Co. sold 500,000 shares for $6.00 per share. The transaction valued at 3,000,000 led to the insider holds 10,853,817 shares of the business.
MCGUIRE TERRANCE sold 500,000 shares of ALEC for $3,000,000 on Sep 11. The Director now owns 10,853,817 shares after completing the transaction at $6.00 per share. On Sep 05, another insider, Kenkare-Mitra Sara, who serves as the President and Head of R&D of the company, sold 6,214 shares for $5.19 each. As a result, the insider received 32,277 and left with 177,935 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALEC now has a Market Capitalization of 362.63M and an Enterprise Value of -186.00M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.77 while its Price-to-Book (P/B) ratio in mrq is 2.23. Its current Enterprise Value per Revenue stands at -1.93 whereas that against EBITDA is 1.23.
Stock Price History:
The Beta on a monthly basis for ALEC is 0.58, which has changed by -43.44% over the last 52 weeks, in comparison to a change of 14.28% over the same period for the S&P500. Over the past 52 weeks, ALEC has reached a high of $9.86, while it has fallen to a 52-week low of $3.66. The 50-Day Moving Average of the stock is 5.7164, while the 200-Day Moving Average is calculated to be 6.7197.
Shares Statistics:
Over the past 3-months, ALEC traded about 683.81K shares per day on average, while over the past 10 days, ALEC traded about 817.2k shares per day. A total of 82.90M shares are outstanding, with a floating share count of 61.24M. Insiders hold about 27.22% of the company’s shares, while institutions hold 73.09% stake in the company. Shares short for ALEC as of Oct 30, 2023 were 7.68M with a Short Ratio of 7.68M, compared to 6.93M on Sep 28, 2023. Therefore, it implies a Short% of Shares Outstanding of 9.12% and a Short% of Float of 12.08%.
Earnings Estimates
Current recommendations for the stock of the company come from 11 analysts. On average, analysts expect EPS of -$0.78 for the current quarter, with a high estimate of -$0.65 and a low estimate of -$0.9, while EPS last year was -$0.63. The consensus estimate for the next quarter is -$0.72, with high estimates of -$0.54 and low estimates of -$0.89.
Analysts are recommending an EPS of between -$1.72 and -$1.88 for the fiscal current year, implying an average EPS of -$1.83. EPS for the following year is -$2.35, with 11 analysts recommending between -$0.82 and -$3.16.
Revenue Estimates
9 analysts predict $9.64M in revenue for the current quarter. It ranges from a high estimate of $12M to a low estimate of $5M. As of the current estimate, Alector Inc’s year-ago sales were $14.44M, an estimated decrease of -33.20% from the year-ago figure.
A total of 11 analysts have provided revenue estimates for ALEC’s current fiscal year. The highest revenue estimate was $95M, while the lowest revenue estimate was $86.87M, resulting in an average revenue estimate of $92.15M. In the same quarter a year ago, actual revenue was $133.62M, down -31.00% from the average estimate.
