For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
Alector Inc (NASDAQ: ALEC) closed the day trading at $1.66 down -3.49% from the previous closing price of $1.72. In other words, the price has decreased by -$3.49 from its previous closing price. On the day, 1.59 million shares were traded.
Ratios:
For a better understanding of ALEC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.40 and its Current Ratio is at 3.40. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.27.
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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 1.30.
Stock Price History:
Over the past 52 weeks, ALEC has reached a high of $7.58, while it has fallen to a 52-week low of $1.55. The 50-Day Moving Average of the stock is -6.94%, while the 200-Day Moving Average is calculated to be -59.34%.
Shares Statistics:
A total of 99.09M shares are outstanding, with a floating share count of 73.68M. Insiders hold about 24.77% of the company’s shares, while institutions hold 69.11% stake in the company.
