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NASDAQ:ALEC

Alector Stock Forecast, Price & News

$10.73
+0.21 (+2.00%)
(As of 06/24/2022 04:00 PM ET)
Add
Compare
Today's Range
$10.18
$10.87
50-Day Range
$7.65
$11.47
52-Week Range
$7.50
$43.32
Volume
1.17 million shs
Average Volume
729,655 shs
Market Capitalization
$894.10 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$29.86
30 days | 90 days | 365 days | Advanced Chart

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ALEC Stock Forecast (MarketRank)

Overall MarketRank

2.27 out of 5 stars

Medical Sector

308th out of 1,418 stocks

Biological Products, Except Diagnostic Industry

46th out of 216 stocks

Analyst Opinion: 3.3Community Rank: 4.1Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 0.6 5 -4 -3 -2 -1 -
Alector logo

About Alector (NASDAQ:ALEC)

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.

ALEC Stock News Headlines

Alector (NASDAQ:ALEC) Shares Up 7.9%
See More Headlines

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

Company Calendar

Last Earnings
11/04/2021
Today
6/24/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$29.86
High Stock Price Forecast
$57.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+178.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.5
Research Coverage
6 Analysts

Profitability

Net Income
$-36.33 million
Pretax Margin
-12.32%

Debt

Sales & Book Value

Annual Sales
$207.09 million
Book Value
$3.70 per share

Miscellaneous

Free Float
71,661,000
Market Cap
$894.10 million
Optionable
Not Optionable
Beta
1.37














Alector Frequently Asked Questions

Should I buy or sell Alector stock right now?

6 Wall Street research 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 research analysts is that investors should "moderate buy" Alector stock.
View analyst ratings for Alector
or view top-rated stocks.

What is Alector's stock price forecast for 2022?

6 analysts have issued twelve-month price targets for Alector's stock. Their ALEC stock forecasts range from $6.00 to $57.00. On average, they anticipate Alector's share price to reach $29.86 in the next year. This suggests a possible upside of 178.3% from the stock's current price.
View analysts' price targets for Alector
or view top-rated stocks among Wall Street analysts.

How has Alector's stock performed in 2022?

Alector's stock was trading at $20.65 at the beginning of the year. Since then, ALEC stock has decreased by 48.0% and is now trading at $10.73.
View the best growth stocks for 2022 here
.

When is Alector's next earnings date?

Alector is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Alector
.

How were Alector's earnings last quarter?

Alector, Inc. (NASDAQ:ALEC) released its earnings results on Thursday, November, 4th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.46) by $1.95. The business earned $182.41 million during the quarter, compared to the consensus estimate of $407.41 million. Alector had a negative trailing twelve-month return on equity of 10.57% and a negative net margin of 12.65%.
View Alector's earnings history
.

Who are Alector's key executives?

Alector's management team includes the following people:
  • Dr. Tillman Ulf Gerngross Ph.D., Co-Founder & Chairman (Age 58, Pay $60k)
  • Dr. Arnon Rosenthal Ph.D., Co-Founder, CEO & Director (Age 66, Pay $972.75k)
  • Dr. Sara Kenkare-Mitra Ph.D., Pres and Head of R&D (Age 54, Pay $552.78k)
  • Mr. Calvin Yu, VP of Fin. (Age 46, Pay $519.69k) (LinkedIn Profile)
  • Dr. Robert S. King, Chief Devel. Officer (Age 59, Pay $658.84k) (LinkedIn Profile)
  • Dr. Marc Grasso M.D., Chief Financial Officer (Age 48)
  • 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

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

4 employees have rated Alector CEO Arnon Rosenthal on Glassdoor.com. Arnon Rosenthal has an approval rating of 100% among Alector'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 initial public offering (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 acted 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 many different institutional and retail investors. Top institutional investors include Federated Hermes Inc. (7.12%), Vanguard Group Inc. (6.53%), BlackRock Inc. (6.44%), State Street Corp (4.60%), JPMorgan Chase & Co. (2.95%) and Renaissance Technologies LLC (0.85%). Company insiders that own Alector 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 for Alector
.

Which major investors are selling Alector stock?

ALEC stock was sold by a variety of institutional investors in the last quarter, including Gilder Gagnon Howe & Co. LLC, Goldman Sachs Group Inc., Citigroup Inc., Vanguard Group Inc., Bank of America Corp DE, JPMorgan Chase & Co., PDT Partners LLC, and Pier Capital LLC. Company insiders that have sold Alector company stock in the last two years include Arnon Rosenthal, Calvin Yu, Richard H Scheller, Robert King, Robert Paul, and Shehnaaz Suliman.
View insider buying and selling activity for Alector
or view top insider-selling stocks.

Which major investors are buying Alector stock?

ALEC stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Federated Hermes Inc., Renaissance Technologies LLC, Dimensional Fund Advisors LP, Nordea Investment Management AB, Massachusetts Financial Services Co. MA, Nantahala Capital Management LLC, and Raymond James & Associates.
View insider buying and selling activity for Alector
or or view top insider-buying stocks.

How do I buy shares of Alector?

Shares of ALEC 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 $10.73.

How much money does Alector make?

Alector (NASDAQ:ALEC) has a market capitalization of $894.10 million and generates $207.09 million in revenue each year. The company earns $-36.33 million in net income (profit) each year or ($0.420010) on an earnings per share basis.

How many employees does Alector have?

Alector 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 Alector is www.alector.com. The company can be reached via phone at (415) 231-5660 or via email at [email protected].

This page (NASDAQ:ALEC) was last updated on 6/24/2022 by MarketBeat.com Staff

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