Alector Inc (ALEC): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours.

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Stocks Info

This NASDAQ-listed company operates within the Biotechnology industry segment, falling under the Healthcare sector. The current market capitalization of Alector Inc is $442.81M. A total of 0.54 million shares were traded on the day, compared to an average of 553.11K shares.

In the most recent transaction, GRASSO MARC sold 7,297 shares of ALEC for 4.88 per share on Sep 03 ’24. After the transaction, the Chief Financial Officer now owns 130,740 company shares. In a previous transaction on Sep 03 ’24, Rosenthal Arnon sold 26,499 shares at 4.88 per share. ALEC shares that Chief Executive Officer owns now total 1,948,746.

Among the insiders who sold shares, Kenkare-Mitra Sara disposed of 13,926 shares on Sep 03 ’24 at a per-share price of $4.88. This resulted in the President and Head of R&D holding 291,715 shares of ALEC after the transaction. In another insider transaction, Romano Gary sold 8,478 shares at $4.88 per share on Sep 03 ’24. Company shares held by the Chief Medical Officer now total 179,795.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, ALEC has a high of $8.90 and a low of $3.66.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. ALEC’s latest balance sheet shows that the firm has $735.25M in Cash & Short Term Investments as of fiscal 2021. There were $47.60M in debt and $139.56M in liabilities at the time. Its Book Value Per Share was $1.55, while its Total Shareholder’s Equity was $300.72M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ALEC is Buy with a score of 4.27.

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