A share price of Alector Inc [ALEC] is currently trading at $6.49, saw in change for the day. An important factor to consider is whether the stock is rising or falling in short-term value. The ALEC shares have gain 11.32% over the last week, with a monthly amount glided 50.23%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Alector Inc [NASDAQ: ALEC] stock has seen the most recent analyst activity on December 14, 2023, when Stifel upgraded its rating to a Buy and also boosted its price target to $15 from $8. Previously, Deutsche Bank started tracking the stock with Buy rating on December 12, 2023, and set its price target to $12. On September 25, 2023, Goldman initiated with a Sell rating and assigned a price target of $4 on the stock. Cantor Fitzgerald started tracking the stock assigning a Overweight rating and suggested a price target of $13 on September 22, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $12 on January 06, 2023. Morgan Stanley downgraded its rating to Equal-Weight for this stock on September 09, 2022, and downed its price target to $13. In a note dated July 07, 2022, Mizuho initiated an Buy rating and provided a target price of $15 on this stock.
Alector Inc experienced fluctuations in its stock price throughout the past year between $3.66 and $9.06. Alector Inc [NASDAQ: ALEC] shares were valued at $6.49 at the most recent close of the market.
Analyzing the ALEC fundamentals
Trailing Twelve Months sales for Alector Inc [NASDAQ:ALEC] were 96.41M which represents -3.96% decline. Gross Profit Margin for this corporation currently stands at 0.86% with Operating Profit Margin at -1.51%, Pretax Profit Margin comes in at -1.21%, and Net Profit Margin reading is -1.25%. To continue investigating profitability, this company’s Return on Assets is posted at -0.19, Equity is -0.72 and Total Capital is -0.31. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.21.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.34 points at the first support level, and at 6.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.63, and for the 2nd resistance point, it is at 6.78.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alector Inc [NASDAQ:ALEC] is 3.53. On the other hand, the Quick Ratio is 3.53, and the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 6.49, the price to book ratio is 3.50.
Transactions by insiders
Recent insider trading involved Rosenthal Arnon, Chief Executive Officer, that happened on Jun 03 ’24 when 25135.0 shares were sold. President and Head of R&D, Kenkare-Mitra Sara completed a deal on Jun 03 ’24 to sell 13206.0 shares. Meanwhile, Chief Medical Officer Romano Gary sold 8040.0 shares on Jun 03 ’24.
