With 0.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.92 million shares. The 52-week range on ALEC shows that it touched its highest point at $6.78 and its lowest point at $0.87 during that stretch. It currently has a 1-year price target of $4.76. Beta for the stock currently stands at 0.72.
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 up-trending over the past week, with a rise of 17.46%, but this was up by 13.85% over a month. Three-month performance surged to 1.72% while six-month performance fell -41.85%. The stock lost -69.92% in the past year, while it has lost -21.69% so far this year. A look at the trailing 12-month EPS for ALEC yields -1.26 with Next year EPS estimates of -1.61. For the next quarter, that number is -0.46. This implies an EPS growth rate of -53.19% for this year and 14.38% for next year. EPS is expected to grow by 10.34% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.31%.
Float and Shares Shorts:
At present, 99.99 million ALEC shares are outstanding with a float of 75.60 million shares on hand for trading.
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.
