With 0.58 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.22 million shares. The 52-week range on ALEC shows that it touched its highest point at $7.58 and its lowest point at $1.55 during that stretch. It currently has a 1-year price target of $3.75. Beta for the stock currently stands at 0.63.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALEC was down-trending over the past week, with a drop of -6.01%, but this was down by -1.15% over a month. Three-month performance dropped to -54.26% while six-month performance fell -67.61%. The stock lost -73.17% in the past year, while it has lost -8.99% so far this year. A look at the trailing 12-month EPS for ALEC yields -1.71 with Next year EPS estimates of -1.20. For the next quarter, that number is -0.49. This implies an EPS growth rate of -48.65% for this year and 34.15% for next year. EPS is expected to grow by 8.36% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -15.76%.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALEC since 4 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.68921 being high and -$1.85907 being low. For ALEC, this leads to a yearly average estimate of -$1.77414. Based on analyst estimates, the high estimate for the next quarter is -$0.33 and the low estimate is -$0.46. The average estimate for the next quarter is thus -$0.41.
