| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | 5 | — | 1 | 5 | 1 | — | 3 | — | — | 3 |
| total | individual payouts | |
|---|---|---|
| 2025 | ‡‡‡ |
|
| 2024 | ‡‡‡ |
|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2018 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 548.86 | 413.40 | 256.02 | 172.80 |
| Receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 565.81 | 424.82 | 266.45 | 180.09 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 3.78 | 2.22 | 1.69 | 2.28 |
| ST’ Debt | — | — | 0.37 | 9.85 |
| Other | 39.44 | 48.63 | 11.45 | — |
| 177.95 | 125.06 | 69.50 | 34.24 |
| 10y | 5y | 3y | |
| Sales | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | — | ‡‡‡ | ‡‡‡ |
| Earnings | — | ‡‡‡ | ‡‡‡ |
| Book Value | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 1.05 | 3.32 | — | — |
—
|
| ’25 | 3.67 | 7.87 | 3.26 | 6.24 |
21.05
|
| ’24 | 15.89 | 15.08 | 15.34 | 54.24 |
100.56
|
| ’23 | 16.55 | 56.21 | 9.11 | 15.19 |
97.06
|
| ’22 | 24.47 | 79.85 | 14.85 | 14.44 |
133.62
|
| ’21 | 4.11 | 6.57 | 182.41 | 13.99 |
207.09
|
| ’20 | 7.17 | 3.17 | 5.90 | 4.85 |
21.10
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (49.81) | (34.22) | — | — |
—
|
| ’25 | (60.78) | (49.05) | (32.51) | (41.69) |
(184.03)
|
| ’24 | (61.35) | (62.80) | (50.73) | (55.03) |
(229.90)
|
| ’23 | (48.55) | (43.00) | (46.54) | (46.07) |
(184.16)
|
| ’22 | 135.09 | (57.44) | (49.05) | (48.92) |
(20.33)
|
| ’21 | (52.69) | (44.54) | 445.05 | (49.26) |
298.55
|
| ’20 | (32.31) | (45.94) | (40.82) | (47.66) |
(166.73)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (49.93) | (34.25) | — | — |
—
|
| ’25 | (60.80) | (49.06) | (32.52) | (41.69) |
(184.07)
|
| ’24 | (61.88) | (63.13) | (50.95) | (55.20) |
(231.16)
|
| ’23 | (49.57) | (44.22) | (46.45) | (46.30) |
(186.54)
|
| ’22 | 134.40 | (58.19) | (50.97) | (49.69) |
(24.45)
|
| ’21 | (53.64) | (45.37) | 444.14 | (49.82) |
295.30
|
| ’20 | (35.88) | (46.24) | (41.20) | (48.45) |
(171.77)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.21) | (0.21) | — | — |
—
|
| ’25 | (0.41) | (0.30) | (0.34) | (0.34) |
(1.39)
|
| ’24 | (0.38) | (0.40) | (0.43) | (0.02) |
(1.23)
|
| ’23 | (0.55) | 0.02 | (0.53) | (0.49) |
(1.56)
|
| ’22 | (0.54) | 0.12 | (0.56) | (0.63) |
(1.62)
|
| ’21 | (0.66) | (0.69) | 1.49 | (0.68) |
(0.45)
|
| ’20 | (0.53) | (0.58) | (0.67) | (0.66) |
(2.45)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | 6.85 | 3.66 | 1.68 | 0.87 | — | — | — |
Low Price
|
| — | — | — | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 21.26 | 9.86 | 8.90 | 3.40 | — | — | — |
High Price
|
| — | — | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 273 | 244 | 238 | 103 | — | — | — |
Employees
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.49 | 0.40 | 0.42 | 0.20 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 133.62 | 97.06 | 100.56 | 21.05 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 100.00% | 100.00% | 100.00% | 100.00% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (130.06) | (125.18) | (118.92) | (142.76) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (97.33%) | (128.97%) | (118.26%) | (678.36%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (133.31) | (130.39) | (119.05) | (142.93) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7.31 | (6.47) | (5.54) | 3.38 | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.62 | 1.16 | 1.04 | 0.20 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1.62) | (1.56) | (1.23) | (1.39) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.25) | (2.20) | (2.38) | (1.79) | ‡‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.05) | (0.03) | (0.01) | 0.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.30) | (2.23) | (2.39) | (1.79) | — | — | — |
Free CF/Sh
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.60 | 1.60 | 1.31 | 0.30 | ‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 82.47 | 83.73 | 96.59 | 103.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
PE Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 5.62 | 6.89 | 1.82 | 7.64 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.50 | 4.99 | 1.44 | 5.24 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.61 | 1.65 | (2.12) | (4.07) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (3.31) | (0.86) | 0.92 | 0.47 | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (20.33) | (184.16) | (229.90) | (184.03) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (4.12) | (2.38) | (1.25) | (0.04) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (24.45) | (186.54) | (231.16) | (184.07) | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 632.63 | 387.86 | 299.76 | 196.95 | — | — | — |
Working Cap'
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 43.33 | — | 9.39 | 9.69 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (669.52) | (548.86) | (404.01) | (246.33) | — | — | — |
Net Debt
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 214.44 | 134.16 | 126.80 | 30.65 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (16.64%) | (18.50%) | (21.84%) | (37.54%) | — | — | — |
ROA
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00% | 0.00% | 0.00% | 0.00% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (51.75%) | (74.81%) | (91.24%) | (181.56%) | — | — | — |
ROE
|
Alector, Inc. (ALEC), a biotech innovator targeting Alzheimer’s and other neurodegenerative diseases with immuno-neurology therapies, is trading at rock-bottom levels amid brutal sector headwinds and macro squeezes like high interest rates choking funding. Revenue skyrocketed to $207 million in 2021 from big-pharma milestones like the GSK deal, but crashed over 50% since, with forecasts predicting an 83% plunge to $17 million in 2025—highlighting the lumpy, high-risk nature of biotech milestones and setbacks like the AL101 trial flop.
Deep losses persist ($119 million net loss in 2024), cash burn is accelerating, and insiders dumped over 772,000 shares with zero buys, fueling bearish vibes. Analysts see 33% downside on average, though Phase 3 AL002 data could flip the script for massive upside. A cash-rich balance sheet buys time, but dilution looms in this volatile arena.
Is ALEC a beaten-down bargain or a value trap? With neurodegeneration demand booming yet trials notoriously binary, this analysis unpacks the numbers to reveal if a turnaround is brewing—or more pain ahead. [Read the full analysis]
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