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After finishing at $4.91 in the prior trading day, Alector Inc (NASDAQ: ALEC) closed at $4.07, down -17.21%. In other words, the price has decreased by -$17.21 from its previous closing price. On the day, 0.81 million shares were traded. ALEC stock price reached its highest trading level at $5.01 during the session, while it also had its lowest trading level at $4.04.
Ratios:
Our goal is to gain a better understanding of ALEC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.29 and its Current Ratio is at 3.29. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.22.
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 the company, Stifel on December 14, 2023, Upgraded its rating to Buy and sets its target price to $15 from $8 previously.
On December 12, 2023, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $12.
On September 25, 2023, Goldman started tracking the stock assigning a Sell rating and target price of $4.Goldman initiated its Sell rating on September 25, 2023, with a $4 target price.
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 03 ’24 when GRASSO MARC sold 7,297 shares for $4.88 per share. The transaction valued at 35,620 led to the insider holds 130,740 shares of the business.
Rosenthal Arnon sold 26,499 shares of ALEC for $129,387 on Sep 03 ’24. The Chief Executive Officer now owns 1,948,746 shares after completing the transaction at $4.88 per share. On Sep 03 ’24, another insider, Kenkare-Mitra Sara, who serves as the President and Head of R&D of the company, sold 13,926 shares for $4.88 each. As a result, the insider received 67,981 and left with 291,715 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 398096032 and an Enterprise Value of -24466960. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.36 while its Price-to-Book (P/B) ratio in mrq is 3.35. Its current Enterprise Value per Revenue stands at -0.398 whereas that against EBITDA is 0.138.
Stock Price History:
Over the past 52 weeks, ALEC has reached a high of $8.90, while it has fallen to a 52-week low of $3.66. The 50-Day Moving Average of the stock is -20.32%, while the 200-Day Moving Average is calculated to be -24.95%.
Shares Statistics:
The stock has traded on average 540.15K shares per day over the past 3-months and 886490 shares per day over the last 10 days, according to various share statistics. A total of 84.88M shares are outstanding, with a floating share count of 75.34M. Insiders hold about 23.07% of the company’s shares, while institutions hold 72.93% stake in the company. Shares short for ALEC as of 1730332800 were 4703451 with a Short Ratio of 8.71, compared to 1727654400 on 4145007. Therefore, it implies a Short% of Shares Outstanding of 4703451 and a Short% of Float of 6.83.
