Positive context积极背景
Stocks股票 / Health Care / ALEC
Alector Inc · Health Care
ALEC US listed · USD美股 · 美元
Health Care
Russell 2000罗素2000
Speculative / unprofitable投机／未盈利
$1.95
+$0.03 · +1.56%
52w low52周低 $1.07high高 $3.44
Neutral — no clear edge中性 — 无明显优势
The bottoming setup is not yet confirmed (price still below the 10-day average) and the 3-day/weekly momentum has crossed down — momentum is fading before the…筑底形态尚未确认（价格仍位于 10 日均线下方），且3 日/周线动量已向下交叉——动量在形态完成前已开始衰竭。等待价格收复 10 日均线且动量趋于稳定后再考虑建仓。
As of 2026-09-27截至 2026-09-27
Company intelligence公司情报
The latest call, in context把最新财报放回历史脉络
A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。
Live company record实时公司记录
JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。
Continue with full transcript history继续查看完整电话会历史 ↗Pressure context压力背景
History mode历史模式
Context only仅供参考 · not a signal or recommendation不构成信号或建议
Narrative claims may await line-level citation; verify in the transcript.叙述性内容可能仍待逐行引用，请在电话会原文中核对。
Price chart价格图表
daily · interactive日线 · 可交互
Open in Terminal打开终端 ↗
Loading chart…图表加载中…
The interactive chart could not load here.互动图表暂时无法在此加载。
Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。
MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗
Technicals技术面
daily bars日线数据 · 2026-09-27
Momentum (RSI 14)动量（RSI 14）
44
Neutral zone中性区域
vs 50-day average相对50日均线
-1.5% below下方
Below trend跌破趋势
vs 200-day average相对200日均线
-1.5% below下方
Long trend down长期向下
Volatility波动率
63th percentile第63百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。
Earnings财务业绩
Financials财务数据
fiscal years财年Revenue营业收入
$21.0M2025
20202025
5-yr growth5年复合增速 -0.1%
Earnings per share每股收益
$-1.392025
20202025
Free cash flow自由现金流
-$184.1M2025
20202025
Operating margin营业利润率
-741.3%
Net margin净利率
-679.5%
FCF margin自由现金流利润率
-874.5%
Balance-sheet quality财务体质 1/8
Return on equity股本回报率 -467%
Watch关注
Leverage杠杆
Current ratio流动比率3.83
Capital allocation资本配置
Stock-based comp股权薪酬$26.7M
Share count change (1y)股数变化（1年）+11.4%
Debt coming due到期债务
FY2025 10-KIn the 12-month bucket following fiscal period end 2025-12-31, it reported $365.9K due — about 4% of its disclosed principal.在财年期末 2025-12-31 之后12个月的区间内，已披露到期本金为 $365.9K，约占其披露本金的 4%。
All maturity buckets are measured from fiscal period end 2025-12-31, not from today.所有到期区间均从财年期末 2025-12-31 起算，而非从今天起算。
First 12 months after period end报告期末之后首12个月
$365.9K
Year 2第2年
$4.6M
Year 3第3年
$5.0M
Year 4第4年
not reported未披露
Year 5第5年
not reported未披露
After year 55年以后
not reported未披露
Cash reported at 2025-12-31: $65802000.截至 2025-12-31 披露的现金：$65802000。 At the cash-burn pace reported over 2025-01-01 to 2025-12-31, that cash represented about 4.3 months. This scenario excludes debt payments and future financing.按 2025-01-01 至 2025-12-31 期间披露的现金消耗速度，该现金约对应 4.3 个月。此情景不包括债务偿还与未来融资。
Capital-need coverage is partial; incomplete or incompatible filing inputs are not combined.资本需求覆盖信息不完整；不会合并不完整或不兼容的报告数据。
Any available cash-flow scenario is context only. Missing or incompatible inputs are not replaced with zero or a financing forecast.可用现金流情景仅供参考；缺失或不兼容的输入不以零值或融资预测替代。
Sources and cash-flow calculation来源与现金流计算
Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件
0001193125-26-071593, period ending报告期截至 2025-12-31, unit单位 USD.
Cache acquired缓存获取时间: 2026-09-20T09:36:53.541045+00:00.
3/6 buckets reported.个区间有披露。
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsLongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwoLongTermDebtMaturitiesRepaymentsOfPrincipalInYearThreeLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour— period_mismatchLongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive— absentLongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive— absent
Annual period年度区间 2025-01-01 — 2025-12-31 · USD · 10-K · 0001193125-26-071593 · Filed提交日期 2026-02-25.
Cache acquired缓存获取时间: 2026-09-20T09:36:53.541045+00:00 · Evaluated as of评估截至 2026-09-28.
- Reported operating cash flow已披露经营活动现金流: $-184031000
- Reported equipment spending (capex outflow)已披露设备支出（资本开支流出）: $41000
- Derived free cash flow (operating cash flow minus capex)计算所得自由现金流（经营现金流减资本开支）: $-184072000
Cash is the reported balance at period end. The runway scenario holds this annual cash-flow pace constant and excludes debt payments, restricted-cash adjustments and future financing.现金为期末已披露余额。现金跑道情景假设本年度现金流速度保持不变，不包括债务偿还、受限现金调整与未来融资。
Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。
Why is it moving为何波动
6 checks · nightly六项检查 · 每晚
Positioning持仓
Insider cluster activity内部人集中交易
Technical技术面
ALEC lost its 200-day averageALEC 跌破200日均线
Ownership & smart money持仓与聪明钱
13FInsider activity:内部人动向： -$0.5M net (0 buyers, 3 sellers)-$0.5M 净值（0 买家，3 卖家）
Signal history信号历史
engine events引擎事件
NEARING A LOW → BOTTOMING接近低点 → 筑底中
BUY SETUP. Buyers rejected the 2026-09-17 low (swing low printed) but price hasn't reclaimed its 10-day average — first box ticked, not all买入预备。买方拒绝了 2026-09-17 的低点（摆动低点已现），但价格尚未收复 10 日均线——第一项条件达成，并非全部
Sep 24, 2026
ALEC lost its 200-day averageALEC 跌破200日均线
Price closed below the 200-day moving average — the classic bear dividing line. $1.92.收盘跌破200日均线 — 经典的空头分界线。$1.92。
Sep 23, 2026
ALEC StochRSI turned up from oversoldALEC StochRSI自超卖区上行
StochRSI popped back above 20 — the earliest oscillator heads-up that downside momentum is easing. $2.02.StochRSI重回20上方 — 下行动量趋缓的最早预警。$2.02。
Sep 22, 2026
ALEC reclaimed its 200-day averageALEC 收复200日均线
Price closed back above the 200-day moving average — the classic bull dividing line. $2.01.收盘重回200日均线 — 经典的多头分界线。$2.01。
Sep 16, 2026
BOTTOMING → NEARING A LOW筑底中 → 接近低点
GET READY准备
Sep 16, 2026
ALEC lost its 200-day averageALEC 跌破200日均线
Price closed below the 200-day moving average — the classic bear dividing line. $1.92.收盘跌破200日均线 — 经典的空头分界线。$1.92。
Sep 9, 2026
NEARING A HIGH → BOTTOMING接近高点 → 筑底中
BUY SETUP买入预备
Sep 9, 2026
ALEC daily MACD crossed downALEC 日线MACD下穿
The daily MACD histogram turned negative — fast and noisy, context rather than a standalone trigger. $2.27.日线MACD柱状图转负 — 快速且嘈杂，仅作背景。$2.27。
Sep 8, 2026
BUY ZONE → NEARING A HIGH买入区 → 接近高点
TAKE PROFITS止盈
Sep 8, 2026
ALEC took relative-strength leadershipALEC 取得相对强弱领先
Relative strength vs SPY crossed above the 90th percentile of the last 90 days — leadership tends to persist. $2.47.相对标普500的强弱上穿近90日的第90百分位 — 领先往往延续。$2.47。
Sep 4, 2026
UPTREND → BUY ZONE上涨趋势 → 买入区
BUY买入
Showing the last 15 of显示最近15条，共 146 signals条信号
Company profile公司档案
The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。
Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。
Statistics — full detail统计数据 — 完整明细
Price history价格历史
| Period周期 | This stock本股 | S&P 500标普500 |
|---|---|---|
| 1 Week近1周 | +2.1% | +1.3% |
| 1 Month近1月 | -20.7% | +0.9% |
| 3 Months近3月 | +4.8% | +6.1% |
| 6 Months近6月 | -2.5% | +22.3% |
| Year to date年初至今 | +27.5% | +13.8% |
| 1 Year近1年 | -33.4% | +18.5% |
Trading information交易信息
Volatility rank波动率分位
63th pctile
EPS (trailing)每股收益
$-1.30
Off 52-week high距52周高点
-41.3%
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Financials — full detail财务数据 — 完整明细
Multi-year record多年财务记录
| 20202020 | 20212021 | 20222022 | 20232023 | 20242024 | 20252025 | |
|---|---|---|---|---|---|---|
| Revenue营业收入 | $21M | $207M | $134M | $97M | $101M | $21M |
| EPS每股收益 | $-2.45 | $-0.45 | $-1.62 | $-1.56 | $-1.23 | $-1.39 |
| Free cash flow自由现金流 | $-172M | $295M | $-24M | $-187M | $-231M | $-184M |
| Gross margin毛利率 | — | — | — | — | — | — |
| Net margin净利率 | -901.6% | -17.5% | -99.8% | -134.3% | -118.3% | -679.2% |
| FCF margin自由现金流利润率 | -814.1% | 142.6% | -18.3% | -192.2% | -229.8% | -874.7% |
Latest fiscal year最近财年
Revenue (FY)营业收入（财年）
$21M
Net income净利润
$-143M
Operating cash flow经营现金流
$-184M
Total assets总资产
$293M
Shareholder equity股东权益
$31M
Long-term debt长期负债
$9M
Shares outstanding总股本
0.11B
Returns & growth回报与增长
Return on equity股本回报率
-466.6%
Return on assets资产回报率
-48.8%
Debt / assets负债/资产
3.2%
Asset growth资产增速
-37.4%
Accounting quality checks会计质量检查
- Earnings quality: accruals trending up over 6 fiscal years — earnings increasingly not cash-backed盈利质量：应计利润在 6 个财年间走高——盈利的现金支撑减弱
- Capital discipline: share count +39.1% over 6 years (dilution)资本纪律：股本 6 年增加 39.1%（稀释）
- Balance sheet: leverage unremarkable资产负债表：杠杆水平一般
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Technicals — full detail技术面 — 完整明细
Indicator readings指标读数
RSI (14-day)RSI（14日）
44
RSI (2-day)RSI（2日）
46
vs 20-day average相对20日均线
-10.3%
vs 50-day average相对50日均线
-1.5%
vs 200-day average相对200日均线
-1.5%
Golden cross (50>200)金叉（50>200）
not in effect未生效
MACDMACD
below signal位于信号线下方
Timeframe alignment多周期共振
Daily日线
momentum down — turning up soon动能向下——接近转强
3-day3日线
momentum down — fresh downturn动能向下——刚刚转弱
Weekly周线
momentum up动能向上
When daily through monthly point the same way, moves carry further.当日线到月线方向一致时，行情往往更有延续性。
Volatility regime波动状态
Range width percentile波幅宽度分位
75/100
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。
Ownership — full detail持仓 — 完整明细
Insiders & shorts内部人与空头
Insider net buying (6 months)内部人净买入（6个月）
-$0.5M
Insider buyers vs sellers内部人买家vs卖家
0 : 3
Research context only — refreshed nightly. Not investment advice.仅供研究参考 — 每晚更新，不构成投资建议。