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The price of Alector Inc (NASDAQ: ALEC) closed at $2.59 in the last session, up 1.77% from day before closing price of $2.55. In other words, the price has increased by $1.77 from its previous closing price. On the day, 2.74 million shares were traded. ALEC stock price reached its highest trading level at $2.685 during the session, while it also had its lowest trading level at $2.41.
Ratios:
We take a closer look at ALEC’s different ratios to gain a better understanding of the stock. 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 this company, H.C. Wainwright on November 29, 2024, Reiterated its Buy rating but revised its target price to $7 from $35 previously.
On November 26, 2024, Morgan Stanley Downgraded its rating to Underweight which previously was Equal-Weight and also lowered its target price recommendation from $10 to $3.
Stifel Upgraded its Hold to Buy on December 14, 2023, whereas the target price for the stock was revised from $8 to $15.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 02 ’24 when Gary Romano bought 14,306 shares for $2.59 per share.
Sara Kenkare-Mitra bought 25,465 shares of ALEC for $65,954 on Dec 02 ’24. On Dec 02 ’24, another insider, Marc Grasso, who serves as the Officer of the company, bought 15,842 shares for $2.59 each.
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 253645424 and an Enterprise Value of -168917552. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.20 while its Price-to-Book (P/B) ratio in mrq is 2.13. Its current Enterprise Value per Revenue stands at -2.746 whereas that against EBITDA is 0.952.
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 $2.37. The 50-Day Moving Average of the stock is -44.68%, while the 200-Day Moving Average is calculated to be -51.05%.
Shares Statistics:
According to the various share statistics, ALEC traded on average about 826.31K shares per day over the past 3-months and 2150860 shares per day over the past 10 days. 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 1731628800 were 4021694 with a Short Ratio of 4.87, compared to 1728950400 on 4845433. Therefore, it implies a Short% of Shares Outstanding of 4021694 and a Short% of Float of 5.84.
