Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
Alector Inc (NASDAQ: ALEC) closed the day trading at $1.79 down -0.56% from the previous closing price of $1.80. In other words, the price has decreased by -$0.56 from its previous closing price. On the day, 1.26 million shares were traded. ALEC stock price reached its highest trading level at $1.81 during the session, while it also had its lowest trading level at $1.69.
Ratios:
For a better understanding of ALEC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.29 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, Mizuho on December 17, 2024, Downgraded its rating to Neutral and sets its target price to $2.50 from $9 previously.
On December 16, 2024, Stifel Downgraded its rating to Hold which previously was Buy but kept the price unchanged to $4.
BofA Securities Downgraded its Neutral to Underperform on December 04, 2024, whereas the target price for the stock was revised from $9 to $1.
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 Dec 02 ’24 when GRASSO MARC sold 16,489 shares for $2.52 per share. The transaction valued at 41,542 led to the insider holds 330,651 shares of the business.
Rosenthal Arnon sold 52,172 shares of ALEC for $131,442 on Dec 02 ’24. The Chief Executive Officer now owns 2,507,074 shares after completing the transaction at $2.52 per share. On Dec 02 ’24, another insider, Kenkare-Mitra Sara, who serves as the President and Head of R&D of the company, sold 26,500 shares for $2.52 each. As a result, the insider received 66,764 and left with 565,215 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 175299344 and an Enterprise Value of -247263632. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.85 while its Price-to-Book (P/B) ratio in mrq is 1.47. Its current Enterprise Value per Revenue stands at -4.02 whereas that against EBITDA is 1.394.
Stock Price History:
The Beta on a monthly basis for ALEC is 0.62, which has changed by -0.7643979 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, ALEC has reached a high of $8.03, while it has fallen to a 52-week low of $1.68. The 50-Day Moving Average of the stock is -41.95%, while the 200-Day Moving Average is calculated to be -61.66%.
Shares Statistics:
Over the past 3-months, ALEC traded about 1.28M shares per day on average, while over the past 10 days, ALEC traded about 1233820 shares per day. A total of 97.93M shares are outstanding, with a floating share count of 78.23M. Insiders hold about 20.12% of the company’s shares, while institutions hold 82.89% stake in the company. Shares short for ALEC as of 1734048000 were 5648724 with a Short Ratio of 4.03, compared to 1731628800 on 4021694. Therefore, it implies a Short% of Shares Outstanding of 5648724 and a Short% of Float of 8.1999995.
