Alector, Inc. (NASDAQ: ALEC) closed with gain of +0.48% to $18.84. Recent traded volume was 86,783 shares versus to it an average volume of 122,288 shares. The company holds 69.75 million shares outstanding and market cap of 1.298B. The stock’s day range was recorded between a low of $18.40 and a high $19.18. The one year high of the company is $27.00 and the one year low is $15.16.
After the last closing session, the bid price was seen at 18.86 x 800. The bid price represents the higher price that a buyer or buyers are willing to pay for a security. The ask price was registered at 18.89 x 900. The ask price indicates the lower price that a seller or sellers are willing to receive for the security.
Alector, Inc. (NASDAQ: ALEC), recently reported company highlights and financial results for the first quarter of 2019.
First Quarter 2019 Financial Results
Revenue: Alliance and grant revenue for the first quarter of 2019 was $5.6M contrast to $4.9M for the same period in 2018. This increase was driven primarily by revenue recognized under Alector’s alliance contract with AbbVie.
R&D Expenses: Total research and development expenses for the first quarter of 2019 were $20.6M contrast to $11.7M for the same period in 2018.
G&A Expenses. Total general and administrative expenses for the first quarter of 2019 were $5.8M contrast to $2.4M for the same period in 2018.
Net Loss: For the first quarter of 2019, Alector stated a net loss of $18.6M, contrast to a net loss of $8.4M for the same period in 2018.
Cash Position: Cash, cash equivalents, and marketable securities were $436.6M as of March 31, 2019.