Alector Inc. (NASDAQ:ALEC)’s traded shares stood at 1.94 million during the last session, with the company’s beta value hitting 0.85. At the close of trading, the stock’s price was $6.32. The ALEC share’s 52-week high remains $15.72, putting it -148.73% down since that peak but still an impressive 3.01% since price per share fell to its 52-week low of $6.13. The company has a valuation of $580.74M, with an average of 0.57 million shares in intraday trading volume over the past 10 days and average of 537.95K shares over the past 3 months.
Alector Inc. (NASDAQ:ALEC) trade information
Alector Inc. (ALEC) has traded red over the past five days. The stock hit a weekly high of 7.01 this Friday, 03/17/23. The 5-day price performance for the stock is -2.32%, and -33.61% over 30 days. With these gigs, the year-to-date price performance is -31.53%. Short interest in Alector Inc. (NASDAQ:ALEC) saw shorts transact 5.02 million shares and set a 8.36 days time to cover.
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Alector Inc. (ALEC) estimates and forecasts
Looking at statistics comparing Alector Inc. share performance against respective industry, we note that the company has underperformed competitors. Alector Inc. (ALEC) shares are -35.58% down over the last 6 months, with its year-to-date growth rate lower than industry average at -93.83% against 9.60%. Revenue is forecast to shrink -27.80% this quarter before falling -741.70% for the next one. The rating firms project that company’s revenue will shrink -57.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is $11.11 million. Meanwhile, for the quarter ending Jun 2023, a total of 6 analyst(s) estimate revenue growth to $8.4 million.Earnings reports from the last fiscal year show that sales brought in $24.47 million and $79.85 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -54.60% before dropping -89.50% in the following quarter.
Alector Inc. has its next earnings report out between May 03 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Alector Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Alector Inc. (NASDAQ:ALEC)’s Major holders
Alector Inc. insiders hold 11.00% of total outstanding shares, with institutional holders owning 81.64% of the shares at 91.73% float percentage. In total, 81.64% institutions holds shares in the company, led by Blackrock Inc. As of Dec 30, 2022, the company held over 7.37 million shares (or 8.87% of shares), all amounting to roughly $46.57 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 6.36 million shares, or about 7.67% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $40.22 million.
We also have Federated Hermes Kaufmann Fund and SPDR (R) Ser Tr-SPDR (R) S&P (R) Biotech ETF as the top two Mutual Funds with the largest holdings of the Alector Inc. (ALEC) shares. Going by data provided on Oct 30, 2022, Federated Hermes Kaufmann Fund holds roughly 2.23 million shares. This is just over 2.69% of the total shares, with a market valuation of $14.06 million. Data from the same date shows that the other fund manager holds a little less at 1.99 million, or 2.41% of the shares, all valued at about 12.57 million.