Alector Inc [NASDAQ: ALEC] plunged by -$0.06 during the normal trading session on while it closed the day at $0.92.
Alector Inc stock has also gained 1.75% of its value over the past 7 days. However, ALEC stock has declined by -45.23% in the 3 months of the year. Over the past six months meanwhile, it has lost -81.85% and lost -51.32% year-on date.
The market cap for ALEC stock reached $91.17 million, with 99.09 million shares outstanding and 74.94 million shares in the current float. Compared to the average trading volume of 638.83K shares, ALEC reached a trading volume of 471655 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Alector Inc [ALEC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALEC shares is $4.26 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALEC stock is a recommendation set at 2.12. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Mizuho have made an estimate for Alector Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 17, 2024. The new note on the price target was released on December 16, 2024, representing the official price target for Alector Inc stock. Previously, the target price had yet another drop from $9 to $1, while BofA Securities kept a Underperform rating on ALEC stock. On November 29, 2024, analysts decreased their price target for ALEC shares from 35 to 7.
The Average True Range (ATR) for Alector Inc is set at 0.11, with the Price to Sales ratio for ALEC stock in the period of the last 12 months amounting to 0.91. The Price to Book ratio for the last quarter was 0.72, with the Price to Cash per share for the same quarter was set at 4.17.
ALEC stock trade performance evaluation
Alector Inc [ALEC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.75. With this latest performance, ALEC shares dropped by -30.82% in over the last four-week period, additionally sinking by -81.85% over the last 6 months – not to mention a drop of -82.67% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ALEC stock in for the last two-week period is set at 33.58, with the RSI for the last a single of trading hit 33.86, and the three-weeks RSI is set at 34.03 for Alector Inc [ALEC]. The present Moving Average for the last 50 days of trading for this stock 1.3996, while it was recorded at 0.9818 for the last single week of trading, and 3.4528 for the last 200 days.
Alector Inc [ALEC]: An insightful look at the core fundamentals
Alector Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.40 and a Current Ratio set at 3.40.
Earnings per share (EPS) analysis for Alector Inc [ALEC] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ALEC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Alector Inc go to 4.34%.
Alector Inc [ALEC]: Institutional Ownership
There are presently around $82.55%, or 92.45%% of ALEC stock, in the hands of institutional investors. The top three institutional holders of ALEC stocks are: FMR LLC with ownership of 14.46 million shares, which is approximately 14.9545%. BLACKROCK INC., holding 9.1 million shares of the stock with an approximate value of $$41.32 million in ALEC stocks shares; and BLACKROCK INC., currently with $$24.16 million in ALEC stock with ownership which is approximately 5.6721%.
