Alector Inc (NASDAQ: ALEC) is -71.05% lower on its value in year-to-date trading and has touched a low of $2.00 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 $2.16 in the last trading session, with the day’s gains setting it 0.15%.
Currently trading at $2.31, the stock is -34.20% and -46.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.8 million and changing 6.94% at the moment leaves the stock -55.31% off its SMA200. ALEC registered -60.17% loss for a year compared to 6-month gain of -47.74%. The firm has a 50-day simple moving average (SMA 50) of $4.3907 and a 200-day simple moving average (SMA200) of $5.189125.
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The stock witnessed a -59.04% loss in the last 1 month and extending the period to 3 months gives it a -59.97%, and is -7.97% 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 9.32% over the week and 9.76% over the month.
Alector Inc (ALEC) has around 244 employees, a market worth around $222.11M and $61.51M in sales. Profit margin for the company is -257.54%. Distance from 52-week low is 15.50% and -74.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-109.33%).
The EPS is expected to shrink by -17.74% this year.
Alector Inc (ALEC) Top Institutional Holders
237.0 institutions hold shares in Alector Inc (ALEC), with institutional investors hold 95.61% of the company’s shares. The shares outstanding are 97.93M, and float is at 75.45M with Short Float at 5.33%. Institutions hold 86.08% 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 16,489 shares of the company’s common stock on Dec 02 ’24 at a price of $2.52 per share for a total of $41542.0. Following the sale, the insider now owns 0.33 million shares.
Alector Inc disclosed in a document filed with the SEC on Dec 02 ’24 that Rosenthal Arnon (Chief Executive Officer) sold a total of 52,172 shares of the company’s common stock. The trade occurred on Dec 02 ’24 and was made at $2.52 per share for $0.13 million. Following the transaction, the insider now directly holds 2.51 million shares of the ALEC stock.
Still, SEC filings show that on Dec 02 ’24, Kenkare-Mitra Sara (President and Head of R&D) disposed off 26,500 shares at an average price of $2.52 for $66764.0. The insider now directly holds 565,215 shares of Alector Inc (ALEC).
