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With oil prices slumping, OPEC+ producers weigh more production cuts
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Slow start to New York's legal pot market leaves farmers holding the bag
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
With oil prices slumping, OPEC+ producers weigh more production cuts
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Slow start to New York's legal pot market leaves farmers holding the bag
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
With oil prices slumping, OPEC+ producers weigh more production cuts
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Slow start to New York's legal pot market leaves farmers holding the bag
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
With oil prices slumping, OPEC+ producers weigh more production cuts
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Slow start to New York's legal pot market leaves farmers holding the bag
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway

Alector (ALEC) Stock Forecast, Price & News

$7.12
+0.29 (+4.25%)
(As of 06/2/2023 ET)
Compare
Today's Range
$6.80
$7.13
50-Day Range
$6.02
$7.93
52-Week Range
$5.76
$13.50
Volume
528,586 shs
Average Volume
444,262 shs
Market Capitalization
$593.45 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$16.43

Alector MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
130.7% Upside
$16.43 Price Target
Short Interest
Bearish
10.32% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.92
Upright™ Environmental Score
News Sentiment
1.06mentions of Alector in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$94,457 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($3.06) to ($2.89) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.19 out of 5 stars

Medical Sector

335th out of 983 stocks

Biological Products, Except Diagnostic Industry

51st out of 164 stocks


ALEC stock logo

About Alector (NASDAQ:ALEC) Stock

Alector, Inc. operates as a clinical-stage biopharmaceutical company, which engages in pioneering of immuno-neurology. It develops portfolio of innate immune system programs, designed to functionally repair genetic mutations and enable the rejuvenated immune cells to counteract emerging brain pathologies. Its treatment targets immune dysfunction as a root cause of multiple pathologies that are drivers of degenerative brain disorders. The company was founded by Asa Abeliovich, Errik B. Anderson, Tillman U. Gerngross, and Arnon Rosenthal in May 2013 and is headquartered in South San Francisco, CA.

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ALEC Stock News Headlines

Alector, Inc. (NASDAQ:ALEC) Short Interest Update
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Alector (ALEC) Investor Presentation - Slideshow
Alector (NASDAQ:ALEC) PT Lowered to $12.00 at Barclays
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Alector (NASDAQ:ALEC) Stock Price Down 3.5%
Alector (NASDAQ:ALEC) Shares Down 4.7% After Insider Selling
Alector Third Quarter 2022 Earnings: Misses Expectations
See More Headlines

ALEC Price History

ALEC Company Calendar

Last Earnings
5/04/2023
Today
6/04/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Biological products, except diagnostic
Sub-Industry
N/A
Sector
Medical
Current Symbol
NASDAQ:ALEC
Fax
N/A
Employees
208
Year Founded
2013

Price Target and Rating

Average Stock Price Forecast
$16.43
High Stock Price Forecast
$41.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+130.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$-133,310,000.00
Net Margins
-107.05%
Pretax Margin
-104.35%

Debt

Sales & Book Value

Annual Sales
$133.62 million
Book Value
$2.20 per share

Miscellaneous

Free Float
72,608,000
Market Cap
$593.45 million
Optionable
Not Optionable
Beta
0.78

Social Links


Key Executives

  • Arnon RosenthalArnon Rosenthal
    Chief Executive Officer & Director
  • Saraswati Kenkare-Mitra
    President, Head-Research & Development
  • Marc Edward Grasso
    Chief Financial, Accounting & Business Officer
  • Charles Wolfus
    VP-Technology & Digital Health
  • Gary Romano
    Chief Medical Officer













ALEC Stock - Frequently Asked Questions

Should I buy or sell Alector stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alector in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALEC shares.
View ALEC analyst ratings
or view top-rated stocks.

What is Alector's stock price forecast for 2023?

6 analysts have issued 12 month price targets for Alector's stock. Their ALEC share price forecasts range from $10.00 to $41.00. On average, they predict the company's stock price to reach $16.43 in the next year. This suggests a possible upside of 130.7% from the stock's current price.
View analysts price targets for ALEC
or view top-rated stocks among Wall Street analysts.

How have ALEC shares performed in 2023?

Alector's stock was trading at $9.23 at the start of the year. Since then, ALEC shares have decreased by 22.9% and is now trading at $7.12.
View the best growth stocks for 2023 here
.

Are investors shorting Alector?

Alector saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,320,000 shares, an increase of 7.7% from the April 30th total of 5,870,000 shares. Based on an average daily trading volume, of 537,400 shares, the short-interest ratio is presently 11.8 days. Currently, 10.3% of the shares of the company are sold short.
View Alector's Short Interest
.

When is Alector's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our ALEC earnings forecast
.

How were Alector's earnings last quarter?

Alector, Inc. (NASDAQ:ALEC) announced its quarterly earnings data on Thursday, May, 4th. The company reported ($0.55) earnings per share for the quarter, beating the consensus estimate of ($0.75) by $0.20. The company had revenue of $16.55 million for the quarter, compared to analysts' expectations of $9.23 million. Alector had a negative trailing twelve-month return on equity of 57.31% and a negative net margin of 107.05%.

What is Arnon Rosenthal's approval rating as Alector's CEO?

4 employees have rated Alector Chief Executive Officer Arnon Rosenthal on Glassdoor.com. Arnon Rosenthal has an approval rating of 100% among the company's employees. This puts Arnon Rosenthal in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Alector own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Alector investors own include Editas Medicine (EDIT), NVIDIA (NVDA), Pfizer (PFE), Advanced Micro Devices (AMD), Gossamer Bio (GOSS), Kaleido Biosciences (KLDO), QUALCOMM (QCOM), Intel (INTC), Micron Technology (MU) and Cisco Systems (CSCO).

When did Alector IPO?

(ALEC) raised $177 million in an IPO on Thursday, February 7th 2019. The company issued 9,300,000 shares at $18.00-$20.00 per share. Morgan Stanley, BofA Merrill Lynch, Cowen and Barclays served as the underwriters for the IPO.

What is Alector's stock symbol?

Alector trades on the NASDAQ under the ticker symbol "ALEC."

Who are Alector's major shareholders?

Alector's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.10%), FMR LLC (7.66%), State Street Corp (4.28%), Braidwell LP (3.85%), Federated Hermes Inc. (3.30%) and JPMorgan Chase & Co. (2.86%). Insiders that own company stock include Arnon Rosenthal, Calvin Yu, Gary Romano, Marc Grasso, Richard H Scheller, Robert King, Robert Paul, Shehnaaz Suliman and Terrance Mcguire.
View institutional ownership trends
.

How do I buy shares of Alector?

Shares of ALEC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Alector's stock price today?

One share of ALEC stock can currently be purchased for approximately $7.12.

How much money does Alector make?

Alector (NASDAQ:ALEC) has a market capitalization of $593.45 million and generates $133.62 million in revenue each year. The company earns $-133,310,000.00 in net income (profit) each year or ($1.62) on an earnings per share basis.

How many employees does Alector have?

The company employs 208 workers across the globe.

Does Alector have any subsidiaries?
The following companies are subsidiares of Alector: Alector LLC.
Read More
How can I contact Alector?

Alector's mailing address is 131 OYSTER POINT BLVD. SUITE 600, SOUTH SAN FRANCISCO CA, 94080. The official website for the company is www.alector.com. The company can be reached via phone at (415) 231-5660 or via email at ir@alector.com.

This page (NASDAQ:ALEC) was last updated on 6/4/2023 by MarketBeat.com Staff

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