ALEC Stock Summary and Trading Ideas (Alector | NASDAQ:ALEC)

Alector Inc is a clinical-stage biopharmaceutical company. It is engaged in developing a novel therapeutic approach for the treatment of neurodegeneration. The firm is involved in developing therapies that are designed to simultaneously counteract pathologies by restoring healthy immune function to the brain. Its pipeline products include AL001, AL002, AL003, and AL101.

Alector trades on the NASDAQ stock market under the symbol ALEC.

As of November 8, 2024, ALEC stock price climbed to $5.72 with 167,324 million shares trading.

ALEC has a beta of 2.36, meaning it tends to be more sensitive to market movements. ALEC has a correlation of 0.13 to the broad based SPY ETF.

ALEC has a market cap of $556.68 million. This is considered a Small Cap stock.

Last quarter Alector reported $15 million in Revenue and -$.43 earnings per share. This fell short of revenue expectation by $-358,000 and exceeded earnings estimates by $.10.

In the last 3 years, ALEC traded as high as $26.24 and as low as $3.66.

The top ETF exchange traded funds that ALEC belongs to (by Net Assets): IWM, VTI, VXF, XBI, IWO.

ALEC has underperformed the market in the last year with a return of -0.5%, while SPY returned +38.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ALEC shares. However, ALEC has outperformed the market in the last 3 month and 2 week periods, returning +16.5% and +24.3%, while SPY returned +15.6% and +3.2%, respectively. This indicates ALEC has been having a stronger performance recently.

ALEC support price is $5.40 and resistance is $5.88 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALEC shares will trade within this expected range on the day.