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In the latest session, Alector Inc (NASDAQ: ALEC) closed at $5.64 down -0.70% from its previous closing price of $5.68. In other words, the price has decreased by -$0.70 from its previous closing price. On the day, 0.9 million shares were traded. ALEC stock price reached its highest trading level at $5.95 during the session, while it also had its lowest trading level at $5.61.
Ratios:
For a deeper understanding of Alector Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.52 and its Current Ratio is at 3.52. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.18.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 548891008 and an Enterprise Value of 81669792. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.93 while its Price-to-Book (P/B) ratio in mrq is 3.65. Its current Enterprise Value per Revenue stands at 1.478 whereas that against EBITDA is -0.45.
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 3.47%, while the 200-Day Moving Average is calculated to be -3.31%.
Shares Statistics:
For the past three months, ALEC has traded an average of 568.37K shares per day and 516260 over the past ten days. A total of 84.88M shares are outstanding, with a floating share count of 76.18M. Insiders hold about 21.73% of the company’s shares, while institutions hold 73.33% stake in the company. Shares short for ALEC as of 1724976000 were 3467831 with a Short Ratio of 6.10, compared to 1722384000 on 4098635. Therefore, it implies a Short% of Shares Outstanding of 3467831 and a Short% of Float of 5.08.
