In today’s recent session, 0.65 million shares of the Alector Inc (NASDAQ:ALEC) have been traded, and its beta is 0.57. Most recently the company’s share price was $1.76, and it changed around $0.04 or 2.62% from the last close, which brings the market valuation of the company to $172.85M. ALEC at last check was trading at a discount to its 52-week high of $8.90, offering almost -405.68% off that amount. The share price’s 52-week low was $1.68, which indicates that the recent value has risen by an impressive 4.55% since then. We note from Alector Inc’s average daily trading volume that its 10-day average is 1.69 million shares, with the 3-month average coming to 1.22 million.
Alector Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.20. If we narrow it down even further, the data shows that 1 out of 12 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended ALEC as a Hold, whereas 6 deemed it a Buy, and 2 rated it as Underweight. Alector Inc is expected to report earnings per share of -0.54 for the current quarter.
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Alector Inc (NASDAQ:ALEC) trade information
Instantly ALEC has been showing a green trend so far today with a performance of 2.62% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.9351 on recent trading dayincreased the stock’s daily price by 9.05%. The company’s shares are currently down -77.88% year-to-date, but still down -8.07% over the last five days. On the other hand, Alector Inc (NASDAQ:ALEC) is -31.85% down in the 30-day period. We can see from the shorts that 5.65 million shares have been sold at a short interest cover period of 2.97 day(s).
The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 56.0% from its current value. Analyst projections state that ALEC is forecast to be at a low of $4 and a high of $4.
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 -59.33 percent over the past six months and at a -20.51% annual growth rate that is well below the industry average of 16.70%. The year-over-year growth rate is expected to be -32.36%, down from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 21.31M in revenue for the current 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 40.26%. Forecasts for the next quarter put sales growth at -100.00%.
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 -15.86% 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 January.
Alector Inc (NASDAQ:ALEC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.97% of Alector Inc shares, and 96.61% of them are in the hands of institutional investors. The stock currently has a share float of 107.31%. Alector Inc stock is held by 238.0 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.
Fidelity Growth Company Fund and Fidelity Select Portfolios – Biotechnology were the top two Mutual Funds as of Oct 31, 2024 . The former held 3.64 shares worth $6.49 million, making up 3.71% of all outstanding shares. On the other hand, Fidelity Select Portfolios – Biotechnology held roughly 3.54 shares worth around $6.31 million, which represents about 3.61% of the total shares outstanding.
