Cash Flow OutlookThere is no meaningful catalyst expected until Q4 2025, at which time Alector may have less than one year of cash on the balance sheet.
Financial PerformanceThe company ended the quarter with $354.6 million in cash and equivalents, compared to $413.4 million at the end of the prior quarter.
Stock RatingThe base-case valuation range for Alector is set at $1 to $2 with an Underweight rating, indicating limited upside potential.