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NASDAQ:ALEC

Alector - ALEC Stock Forecast, Price & News

$12.27
-0.62 (-4.81%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$11.99
$12.80
50-Day Range
$7.82
$13.20
52-Week Range
$7.50
$29.30
Volume
489,846 shs
Average Volume
674,070 shs
Market Capitalization
$1.02 billion
P/E Ratio
31.46
Dividend Yield
N/A
Price Target
$20.86

Alector MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
70.0% Upside
$20.86 Price Target
Short Interest
Bearish
8.96% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.03
Upright™ Environmental Score
News Sentiment
1.17mentions of Alector in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1,542 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.30) to ($0.72) Per Share

Overall MarketRank

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

2.67 out of 5 stars

Medical Sector

105th out of 1,124 stocks

Biological Products, Except Diagnostic Industry

17th out of 176 stocks

ALEC stock logo

About Alector (NASDAQ:ALEC) Stock

Alector, Inc., a clinical stage biopharmaceutical company, develops therapies for the treatment of neurodegeneration diseases. Its products include AL001, a humanized recombinant monoclonal antibody, which is in Phase III clinical trial for the treatment of frontotemporal dementia, Alzheimer's, Parkinson's, and amyotrophic lateral sclerosis diseases; and AL101 that is in Phase I clinical trial for the treatment of neurodegenerative diseases, including Alzheimer's and Parkinson's diseases. The company also offers AL002, a product candidate that is in Phase II clinical trial for the treatment of Alzheimer's disease; and AL003, which is in Phase I clinical trial for the treatment of Alzheimer's disease. In addition, its products in development stage include AL044 that targets MS4A4A, a risk gene for Alzheimer's disease. Alector, Inc. has a collaboration agreement with Adimab, LLC for the research and development of antibodies; and a strategic collaboration agreement with GlaxoSmithKline plc for the development and commercialization of monoclonal antibodies, such as AL001 and AL101 to treat neurodegenerative diseases. The company was founded in 2013 and is headquartered in South San Francisco, California.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Mizuho assumed coverage on shares of Alector in a research report on Wednesday, July 6th. They issued a "buy" rating and a $15.00 price target for the company. Barclays reduced their target price on shares of Alector from $42.00 to $14.00 in a report on Wednesday, May 11th. TheStreet raised shares of Alector from a "d" rating to a "c-" rating in a report on Friday, August 5th. Citigroup reduced their target price on shares of Alector from $34.00 to $19.00 and set a "buy" rating for the company in a report on Monday, July 11th. Finally, The Goldman Sachs Group reduced their target price on shares of Alector from $9.00 to $6.00 and set a "sell" rating for the company in a report on Tuesday, May 24th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $20.86.

Alector Stock Down 2.3 %

Shares of Alector stock opened at $12.89 on Tuesday. The company's 50-day simple moving average is $10.68 and its 200-day simple moving average is $12.01. Alector has a 52-week low of $7.50 and a 52-week high of $29.30. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 33.05 and a beta of 1.08.

Alector (NASDAQ:ALEC - Get Rating) last issued its earnings results on Thursday, August 4th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.47) by $0.59. Alector had a net margin of 12.06% and a return on equity of 12.16%. Equities research analysts anticipate that Alector will post -1.3 EPS for the current year.

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ALEC Stock News Headlines

Alector: Q2 Earnings Snapshot
Alector (NASDAQ:ALEC) Shares Up 9.7%
Alector (ALEC) Q2 Earnings and Revenues Beat Estimates
Expert Ratings for Alector
See More Headlines
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ALEC Company Calendar

Last Earnings
8/04/2022
Today
8/16/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

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
N/A

Price Target and Rating

Average Stock Price Forecast
$20.86
High Stock Price Forecast
$41.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+70.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$-36,330,000.00
Pretax Margin
12.65%

Debt

Sales & Book Value

Annual Sales
$207.09 million
Book Value
$3.70 per share

Miscellaneous

Free Float
72,586,000
Market Cap
$1.02 billion
Optionable
Not Optionable
Beta
1.08

Key Executives

  • Dr. Tillman Ulf Gerngross Ph.D. (Age 58)
    Co-Founder & Chairman
    Comp: $60k
  • Dr. Arnon Rosenthal Ph.D. (Age 66)
    Co-Founder, CEO & Director
    Comp: $972.75k
  • Dr. Sara Kenkare-Mitra Ph.D. (Age 54)
    Pres and Head of R&D
    Comp: $552.78k
  • Mr. Calvin Yu (Age 46)
    VP of Fin.
    Comp: $519.69k
  • Dr. Robert S. King (Age 59)
    Chief Devel. Officer
    Comp: $658.84k
  • Dr. Marc Grasso M.D. (Age 48)
    Chief Financial Officer
  • Michelle Corral
    VP of Communications & Investor Relations
  • Ms. Danielle Pasqualone J.D.
    Ph.D., Interim Gen. Counsel
  • Erica Jefferson
    VP of Communications & Public Affairs
  • Ms. Clare Hunt M.B.A.
    Head of People













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 1 sell rating, 1 hold rating 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 2022?

6 analysts have issued 12 month price targets for Alector's stock. Their ALEC share price forecasts range from $6.00 to $41.00. On average, they predict the company's stock price to reach $20.86 in the next year. This suggests a possible upside of 70.0% 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 2022?

Alector's stock was trading at $20.65 at the start of the year. Since then, ALEC shares have decreased by 40.6% and is now trading at $12.27.
View the best growth stocks for 2022 here
.

When is Alector's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our ALEC earnings forecast
.

How were Alector's earnings last quarter?

Alector, Inc. (NASDAQ:ALEC) issued its quarterly earnings data on Thursday, August, 4th. The company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of ($0.47) by $0.59. Alector had a net margin of 12.06% and a trailing twelve-month return on equity of 12.16%.

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 a price of $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 variety of retail and institutional investors. Top institutional investors include FMR LLC (5.64%), State Street Corp (4.70%), JPMorgan Chase & Co. (2.97%), Franklin Resources Inc. (2.27%), Price T Rowe Associates Inc. MD (2.22%) and Renaissance Technologies LLC (1.16%). Insiders that own company stock include Arnon Rosenthal, Calvin Yu, David M Wehner, Orbimed Advisors Llc, Richard H Scheller, Robert King, Robert Paul, Sabah Oney, 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 $12.27.

How much money does Alector make?

Alector (NASDAQ:ALEC) has a market capitalization of $1.02 billion and generates $207.09 million in revenue each year. The company earns $-36,330,000.00 in net income (profit) each year or $0.39 on an earnings per share basis.

How many employees does Alector have?

The company employs 208 workers across the globe.

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 8/16/2022 by MarketBeat.com Staff

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