With 0.83 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.93 million shares. The 52-week range on ALEC shows that it touched its highest point at $6.78 and its lowest point at $1.30 during that stretch. It currently has a 1-year price target of $4.22. Beta for the stock currently stands at 0.68.
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 -3.78%, but this was down by -20.00% over a month. Three-month performance dropped to -36.36% while six-month performance fell -71.13%. The stock lost -78.72% in the past year, while it has lost -25.93% so far this year. A look at the trailing 12-month EPS for ALEC yields -1.24 with Next year EPS estimates of -1.39. For the next quarter, that number is -0.48. This implies an EPS growth rate of -46.97% for this year and 22.95% for next year. EPS is expected to grow by 4.91% 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, 99.09 million ALEC shares are outstanding with a float of 74.65 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. Based on analyst estimates, the high estimate for the next quarter is -$0.41 and the low estimate is -$0.55. The average estimate for the next quarter is thus -$0.48.
