In yesterday’s Wall Street session, Alector Inc (NASDAQ:ALEC) shares traded at $6.02, down -0.99% from the previous session.
ALEC stock price is now -4.32% away from the 50-day moving average and -5.27% away from the 200-day moving average. The market capitalization of the company currently stands at $576.41M.
With the price target enhanced from $8 to $15, Stifel Upgraded its rating from Hold to Buy for Alector Inc (NASDAQ: ALEC). On December 12, 2023, Deutsche Bank recently initiated its ‘Buy’ rating on the stock quoting a target price of $12, while ‘Goldman’ rates the stock as ‘Sell’
In other news, Rosenthal Arnon, Chief Executive Officer sold 18,837 shares of the company’s stock on Mar 04 ’24. The stock was sold for $130,386 at an average price of $6.92. Upon completion of the transaction, the Chief Executive Officer now directly owns 2,000,380 shares in the company, valued at $12.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, President and Head of R&D Kenkare-Mitra Sara sold 10,169 shares of the business’s stock. A total of $70,387 was realized by selling the stock at an average price of $6.92. This leaves the insider owning 318,847 shares of the company worth $1.92 million. A total of 23.96% of the company’s stock is owned by insiders.
During the past 12 months, Alector Inc has had a low of $3.66 and a high of $9.06. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 3.18, and a quick ratio of 3.18. The fifty day moving average price for ALEC is $6.29 and a two-hundred day moving average price translates $6.36 for the stock.
The latest earnings results from Alector Inc (NASDAQ: ALEC) was released for Dec, 2023. According to the Biotechnology Company, earnings per share came in at -$0.49, beating analysts’ expectations of -$0.77 by 0.28. This compares to -$0.63 EPS in the same period last year. The net profit margin was -134.34% and return on equity was -74.81% for ALEC. The company reported revenue of $15.19 million for the quarter, compared to $14.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.19 percent. For the current quarter, analysts expect ALEC to generate $15.01M in revenue.
