Alector (NASDAQ:ALEC) Downgraded by BidaskClub to Hold

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Alector stock has undergone multiple analysts rating changes in the recent past.  Alector Downgraded by BidaskClub on 6/30/2020. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Alector traded down -$0.79 on Monday, reaching $23.50. 20 shares of the stock traded hands, compared to its average volume of 659868. Shares of Alector ended Monday on at $23.50. The firm’s 50 day moving average is $28.79 and its 200 day moving average is $22.98.Alector  has a 12 month low of $23.10 and a 12 month high of $35.93. While on yearly highs and lows, Alector’s today has traded high as $25.02 and has touched $23.10 on the downward trend. See More Analyst Rating at: RATING

Alector Earnings and What to expect: 

Alector last posted its quarterly earnings data on May 13th, 2020. The reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by $0.10. The company earned $7.17 million during the quarter, compared to analyst estimates of $10.60 million. Alector has generated ($1.71) earnings per share over the last year. Alector has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, August 10th, 2020 based off prior year’s report dates.

Earnings for Alector are expected to decrease in the coming year, from ($2.17) to ($2.25) per share. The P/E ratio of Alector is -12.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Alector is -12.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Alector has a P/B Ratio of 8.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 13.90%
  • On 6/23/2020 Director Terrance Mcguire Sell 4,377 at average share price of $31.54 which equates to $138,050.58 in money value.
  • On 6/15/2020 Insider Robert Paul Sell 10,000 at average price of  $29.61 with total value of : Not Data Available
  • On 6/3/2020 VP Calvin Yu Sell 1,343 at average price of  $31.26 with total value of : $41,982.18

Analyst at BidaskClub are also talking about :

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  • 6/30/2020 – VSE was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/30/2020 – Verisign was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Alector (NASDAQ:ALEC) Moving Average Technical Analysis

5 day Moving Average is $27.30 And 5 day price change is -$6.70 (-22.19%)  with average volume for 5 day average is 1,207,920. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $29.78 and 20 day price change is -$9.61 (-29.02%) and average 20 day moving volume is 731,845. 50 day moving average is $28.79  and 50 day price change is -$0.78 ( -3.21%)  and with average volume for 50 days is : 549,654. 200 day moving average is $22.98  and 200 day price change is $3.94 (20.14%)  and with average volume for 200 days is : 531,289.

See More Analyst Rating at: RATING