In the last trading session, 1.05 million shares of the Alector Inc (NASDAQ:ALEC) were traded, and its beta was 0.62. Most recently the company’s share price was $3.76, and it changed around -$0.31 or -7.50% from the last close, which brings the market valuation of the company to $304.86M. ALEC currently trades at a discount to its 52-week high of $8.90, offering almost -136.7% off that amount. The share price’s 52-week low was $3.66, which indicates that the current value has risen by an impressive 2.66% since then. We note from Alector Inc’s average daily trading volume that its 10-day average is 0.89 million shares, with the 3-month average coming to 548.30K.

Alector Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.82. If we narrow it down even further, the data shows that 1 out of 13 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 2 recommended ALEC as a Hold, whereas 6 deemed it a Buy, and 1 rated it as Underweight. Alector Inc is expected to report earnings per share of -0.61 for the current quarter.

Alector Inc (NASDAQ:ALEC) trade information

Instantly ALEC has showed a red trend with a performance of -7.50% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 6.05 on recent trading dayincreased the stock’s daily price by 37.85%. The company’s shares are currently down -52.88% year-to-date, but still down -37.95% over the last five days. On the other hand, Alector Inc (NASDAQ:ALEC) is -24.65% down in the 30-day period. We can see from the shorts that 4.7 million shares have been sold at a short interest cover period of 10.26 day(s).

Alector Inc (ALEC) estimates and forecasts

Alector Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -30.50 percent over the past six months and at a -19.87% annual growth rate that is well below the industry average of 17.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -23.54% in revenue this quarter, and will report an increase of 295.46% in the next quarter. The year-over-year growth rate is expected to be -35.43%, down from the previous year.

Consensus estimates provided by 7 financial analysts predict the company will bring in an average of 16.8M in revenue for the current quarter. 2 analysts expect Alector Inc to make 149.69M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 15.19M and 15.89M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 10.63%. Forecasts for the next quarter put sales growth at 841.85%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -15.76%. Alector Inc earnings are expected to increase by -18.71% in 2024, but the outlook is negative -10.70% per year for the next five years.

ALEC Dividends

Alector Inc’s next quarterly earnings report is expected to be released in December.

Alector Inc (NASDAQ:ALEC)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 10.02% of Alector Inc shares, and 86.08% of them are in the hands of institutional investors. The stock currently has a share float of 95.66%. Alector Inc stock is held by 236.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 15.4111% of the shares, which is about 14.46 million shares worth $65.64 million.

BLACKROCK INC., with 9.702% or 9.1 million shares worth $41.32 million as of 2024-06-30, holds the second largest percentage of outstanding shares.