Alector Inc (NASDAQ:ALEC) has a beta value of 0.64 and has seen 1.29 million shares traded in the last trading session. The company, currently valued at $523.30M, closed the last trade at $5.27 per share which meant it gained $0.25 on the day or 4.98% during that session. The ALEC stock price is -68.88% off its 52-week high price of $8.90 and 30.55% above the 52-week low of $3.66. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.42 million shares traded. The 3-month trading volume is 482.62K shares.
The consensus among analysts is that Alector Inc (ALEC) is Buy stock at the moment, with a recommendation rating of 1.82. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 4 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.53.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Alector Inc (NASDAQ:ALEC) trade information
Sporting 4.98% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ALEC stock price touched $5.27 or saw a rise of 2.77%. Year-to-date, Alector Inc shares have moved -33.96%, while the 5-day performance has seen it change 3.94%. Over the past 30 days, the shares of Alector Inc (NASDAQ:ALEC) have changed 14.07%. Short interest in the company has seen 4.85 million shares shorted with days to cover at 8.17.
Alector Inc (ALEC) estimates and forecasts
Figures show that Alector Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -0.94% over the past 6 months, with this year growth rate of -23.08%, compared to 17.50% for the industry. Revenue growth from the last financial year stood is estimated to be -35.10%.
8 analysts offering their estimates for the company have set an average revenue estimate of 15.7M for the current quarter. 8 have an estimated revenue figure of 15.88M for the next ending quarter. Year-ago sales stood 9.97M and 15.19M respectively for this quarter and the next, and analysts expect sales will grow by 57.50% for the current quarter and -35.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -15.76% over the past 5 years. Earnings growth for 2024 is a modest -22.79% while over the next 5 years, the company’s earnings are expected to decrease by -10.70%.
ALEC Dividends
Alector Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Alector Inc (NASDAQ:ALEC)’s Major holders
Insiders own 10.08% of the company shares, while shares held by institutions stand at 85.98% with a share float percentage of 95.62%. Investors are also buoyed by the number of investors in a company, with Alector Inc having a total of 236.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 14.46 million shares worth more than $65.64 million. As of 2024-06-30, FMR LLC held 15.4111% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 9.1 million shares as of 2024-06-30. The firm’s total holdings are worth over $41.32 million and represent 9.702% of shares outstanding.
