Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The price of Alector Inc (NASDAQ: ALEC) closed at $1.88 in the last session, down -5.05% from day before closing price of $1.98. In other words, the price has decreased by -$5.05 from its previous closing price. On the day, 0.62 million shares were traded. ALEC stock price reached its highest trading level at $1.98 during the session, while it also had its lowest trading level at $1.88.
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 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:
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 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 184113280 and an Enterprise Value of -238449696. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.99 while its Price-to-Book (P/B) ratio in mrq is 1.55. Its current Enterprise Value per Revenue stands at -3.877 whereas that against EBITDA is 1.344.
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 $1.68. The 50-Day Moving Average of the stock is -41.52%, while the 200-Day Moving Average is calculated to be -60.09%.
Shares Statistics:
According to the various share statistics, ALEC traded on average about 1.27M shares per day over the past 3-months and 1317650 shares per day over the past 10 days. A total of 97.93M shares are outstanding, with a floating share count of 75.59M. Insiders hold about 22.82% 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 4.45, compared to 1731628800 on 4021694. Therefore, it implies a Short% of Shares Outstanding of 5648724 and a Short% of Float of 8.1999995.
