In last trading session, Alector Inc (NASDAQ:ALEC) saw 0.42 million shares changing hands with its beta currently measuring 0.69. Company’s recent per share price level of $5.14 trading at -$0.12 or -2.28% at ring of the bell on the day assigns it a market valuation of $500.22M. That closing price of ALEC’s stock is at a discount of -73.15% from its 52-week high price of $8.90 and is indicating a premium of 28.79% from its 52-week low price of $3.66. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.46 million shares which gives us an average trading volume of 669.13K if we extend that period to 3-months.
For Alector Inc (ALEC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.82. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.53 in the current quarter.
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Alector Inc (NASDAQ:ALEC) trade information
Upright in the red during last session for losing -2.28%, in the last five days ALEC remained trading in the green while hitting it’s week-highest on Friday, 08/16/24 when the stock touched $5.14 price level, adding 3.75% to its value on the day. Alector Inc’s shares saw a change of -35.59% in year-to-date performance and have moved 1.18% in past 5-day. Alector Inc (NASDAQ:ALEC) showed a performance of -11.84% in past 30-days. Number of shares sold short was 4.1 million shares which calculate 6.89 days to cover the short interests.
Alector Inc (ALEC) estimates and forecasts
Statistics highlight that Alector Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -20.80% of value to its shares in past 6 months, showing an annual growth rate of -23.08% while that of industry is 17.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -35.10% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 15.7M for the same. And 8 analysts are in estimates of company making revenue of 15.88M in the next quarter. Company posted 9.97M and 15.19M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -15.76% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -22.79% while estimates for its earnings growth in next 5 years are of -10.70%.
Alector Inc (NASDAQ:ALEC)’s Major holders
Insiders are in possession of 8.82% of company’s total shares while institution are holding 86.33 percent of that, with stock having share float percentage of 94.68%. Investors also watch the number of corporate investors in a company very closely, which is 86.33% institutions for Alector Inc that are currently holding shares of the company. FMR LLC is the top institutional holder at ALEC for having 14.36 million shares of worth $86.46 million. And as of 2024-03-31, it was holding 17.0202 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 8.48 million shares on 2024-03-31. The number of shares represents firm’s hold over 10.0535 of outstanding shares, having a total worth of $51.07 million.
On the other hand, Fidelity Growth Company Fund and Fidelity Select Portfolios – Biotechnology are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 3.58 shares of worth $18.41 million or 3.68% of the total outstanding shares. The later fund manager was in possession of 3.54 shares on Jun 30, 2024 , making its stake of worth around $18.17 million in the company or a holder of 3.63% of company’s stock.
