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

Charts for Today's Stock Price and Implied Volatility in Alector

17-May-2024

Stock Price & Volume | Full Chart

30-Day Implied Volatility | IV30 Full Chart

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Alector (ALEC) Frequently Asked Questions

What does Alector do?

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.

What symbol and exchange does Alector stock trade?

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

What is Alector stock price doing today?

As of May 17, 2024, ALEC stock price declined to $5.44 with 520,115 million shares trading.

What is Alector's Beta?

ALEC has a beta of 0.76, meaning it tends to be less sensitive to market movements. ALEC has a correlation of 0.01 to the broad based SPY ETF.

How much is Alector worth?

ALEC has a market cap of $524.33 million. This is considered a Small Cap stock.

How much money does Alector make?

Last quarter Alector reported $16 million in Revenue and -$.38 earnings per share. This beat revenue expectation by $1 million and exceeded earnings estimates by $.13.

What is the highest and lowest price Alector traded in the last 3 year period?

In the last 3 years, ALEC stock traded as high as $43.32 and as low as $3.66.

What are the top ETFs holding Alector?

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

Is Alector (ALEC) a good investment?

ALEC has underperformed the market in the last year with a price return of -28.6% while the SPY ETF gained +29.1%. ALEC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -14.6% and +0.9%, respectively, while the SPY returned +6.3% and +3.6%, respectively.

What is the support and resistance for Alector (ALEC) stock price?

ALEC support price is $5.25 and resistance is $5.73 (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 stock will trade within this expected range on the day.