How to Buy Alector Stock
Alector Inc
Alector, Inc. , a clinical stage biopharmaceutical company, develops therapies for the treatment of neurodegeneration diseases.
Alector stock last closed at $5.28, up 3.94% from the previous day, and has decreased 20.96% in one year. It has overperformed other stocks in the Biotechnology industry by 0 percentage points. Alector stock is currently +44.26% from its 52-week low of $3.66, and -41.75% from its 52-week high of $9.07.
There are currently 95.75M ALEC shares outstanding. The market value of ALEC is $505.56M. In the past 24 hours, 818,081 ALEC shares were traded.
How to Buy Alector Stock
Wondering how to invest in Alector stock? Here's how.
- Choose where to buy Alector stock: You need to pick a stock brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Alector stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Choose your payment method and add your info.
- Evaluate Alector stock: The Alector ticker symbol is ALEC. Is Alector stock a good investment? Should you buy shares of ALEC? How do ALEC's underlying business fundamentals look? Do top analysts think Alector is a good buy? Why has ALEC's stock price moved recently? (Hint: Our stock market analysis website can help you decide if ALEC is a good stock to buy).
- Execute your ALEC trade: Decide if you will purchase ALEC shares at the current market price or use a limit order to purchase ALEC shares at a specific price.
- Watch your investment in ALEC: Create a watchlist to get the latest news on your new investment in Alector shares.
Step 1: Choose where to buy Alector stock
You need an online brokerage account in order to access the NASDAQ market and buy ALEC stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal information so you can buy ALEC stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start your new trading account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have filled out your info on the highest rated app to buy and sell stocks, you can securely and quickly fund your account:
Check out this video walkthrough to see the process of transferring funds into your brokerage account.
Step 4: Evaluate Alector stock
Once you have figured out the best place to buy Alector stock, it's absolutely critical to evaluate their stock prior to buying, so you actually wrap your head around the risk and opportunity.
Alector Metrics
ALEC Due Diligence Checks
WallStreetZen was built to help part-time investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on ALEC's stock page.
Is ALEC stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge ALEC's true value.
Using relative valuations ratios:
- ALEC may be undervalued based on its P/B ratio of 3.77x, relative to Biotechnology industry P/B ratio of 6.02x
You can access more valuation analysis on ALEC's stock here.
ALEC Financial Summary
Passed Financial Due Diligence Checks:
- ALEC has $550.41M in cash and short term investments. This is enough to cover its annual cash burn of $186.54M.
- There are more short-term assets than long-term liabilities on the ALEC balance sheet.
- There are more short-term assets than short-term liabilities on the ALEC balance sheet.
- Total ALEC debt is lower than 5 years ago, relative to shareholder equity.
- ALEC has cash burn of 186543000. It has enough cash and short-term investments to cover this for at least one year.
Failed Financial Due Diligence Checks:
- ALEC profit margin has gone down from -99.8% to -134.3% in the past year.
- ALEC has a relatively high debt to equity ratio of 3.64.
Is ALEC stock a Buy, Hold, or Sell, according to analysts?
Out of 4 Wall Street analysts who give forecasts on ALEC, the consensus analyst rating on ALEC is a Strong Buy
Please note that analyst forecasts are not stock recommendations, nor are they investment advice.
You can dive deeper into what analysts are projecting on the Alector stock forecast page.
ALEC Momentum
ALEC Revenue
Last year, ALEC revenue was $97.06M. Over the last 5 year, ALEC's revenue has grown by 28.52% per year. This was faster than the Biotechnology industry average of 28.49%.
You can research ALEC's earnings and revenue performance here.
Latest Insiders Trades at ALEC
Over the last 12 months, insiders at ALEC have sold more shares than they have bought.
Marc Grasso, Chief Financial Officer of ALEC, was the latest ALEC insider to sell. They sold $39,560.44 worth of ALEC shares on Mar 4, 2024.
Research more about who owns ALEC stock here.
Does ALEC provide a stable income stream?
No, Alector doesn't provide an income stream by paying out dividends.
What do other traders have to say about ALEC?
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Execute your ALEC trade
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific price, place a limit order.
Hit the Open Trade button and eToro will place your order.
If you require more info about buying stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in ALEC
Now that you own some ALEC stock, you'll want to keep up with your stock purchase.
Put ALEC on a watchlist to track the latest developments regarding your ALEC stock.
ALEC Feed
How to Buy Stock in Alector
To reiterate, here are the 6 steps to buy stock in Alector:
- Choose where to buy Alector stock
- Create a brokerage account
- Fund your brokerage account
- Evaluate Alector stock
- Execute your ALEC trade
- Watch your investment in ALEC
If you need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Alector, click the button below.
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