Alector Inc (NASDAQ: ALEC) is -43.61% lower on its value in year-to-date trading and has touched a low of $3.66 and a high of $8.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ALEC stock was last observed hovering at around $4.55 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $4.50, the stock is -14.97% and -16.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing -1.10% at the moment leaves the stock -22.38% off its SMA200. ALEC registered -27.30% loss for a year compared to 6-month loss of -23.60%. The firm has a 50-day simple moving average (SMA 50) of $5.3424 and a 200-day simple moving average (SMA200) of $5.78.
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
The stock witnessed a -4.66% gain in the last 1 month and extending the period to 3 months gives it a 2.04%, and is -8.72% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.41% over the week and 7.29% over the month.
Alector Inc (ALEC) has around 244 employees, a market worth around $437.94M and $55.27M in sales. Profit margin for the company is -290.66%. Distance from 52-week low is 22.95% and -49.44% from its 52-week high. The company has generated returns on investments over the last 12 months (-90.22%).
The EPS is expected to shrink by -22.79% this year
234.0 institutions hold shares in Alector Inc (ALEC), with institutional investors hold 94.27% of the company’s shares. The shares outstanding are 84.88M, and float is at 76.18M with Short Float at 4.54%. Institutions hold 86.05% of the Float.
The top institutional shareholder in the company is FMR LLC with over 14.46 million shares valued at $65.64 million. The investor’s holdings represent 15.4111 of the ALEC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 9.1 million shares valued at $41.32 million to account for 9.702 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.32 million shares representing 5.6721 and valued at over $24.16 million, while DEEP TRACK CAPITAL, LP holds 4.9376 of the shares totaling 4.63 million with a market value of $21.03 million.
Alector Inc (ALEC) Insider Activity
The most recent transaction is an insider sale by GRASSO MARC, the company’s Chief Financial Officer. SEC filings show that GRASSO MARC sold 7,297 shares of the company’s common stock on Sep 03 ’24 at a price of $4.88 per share for a total of $35620.0. Following the sale, the insider now owns 0.13 million shares.
Alector Inc disclosed in a document filed with the SEC on Sep 03 ’24 that Rosenthal Arnon (Chief Executive Officer) sold a total of 26,499 shares of the company’s common stock. The trade occurred on Sep 03 ’24 and was made at $4.88 per share for $0.13 million. Following the transaction, the insider now directly holds 1.95 million shares of the ALEC stock.
Still, SEC filings show that on Sep 03 ’24, Kenkare-Mitra Sara (President and Head of R&D) disposed off 13,926 shares at an average price of $4.88 for $67981.0. The insider now directly holds 291,715 shares of Alector Inc (ALEC).
