Astera Labs Inc. (NASDAQ:ALAB) has seen 1.67 million shares traded in the last trading session. The company, currently valued at $6.22B, closed the last trade at $39.73 per share which meant it lost -$1.18 on the day or -2.88% during that session. The ALAB stock price is -139.64% off its 52-week high price of $95.21 and 8.83% above the 52-week low of $36.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.99 million shares traded. The 3-month trading volume is 1.81 million shares.
The consensus among analysts is that Astera Labs Inc. (ALAB) is Buy stock at the moment, with a recommendation rating of 1.27. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 7 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.16.
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Astera Labs Inc. (NASDAQ:ALAB) trade information
Sporting -2.88% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ALAB stock price touched $39.73 or saw a rise of 11.51%. Year-to-date, Astera Labs Inc. shares have moved -35.95%, while the 5-day performance has seen it change -9.25%. Over the past 30 days, the shares of Astera Labs Inc. (NASDAQ:ALAB) have changed -28.91%. Short interest in the company has seen 8.61 million shares shorted with days to cover at 5.48.
Wall Street analysts have a consensus price target for the stock at $75.5, which means that the shares’ value could jump 47.38% from current levels. The projected low price target is $55.0 while the price target rests at a high of $100.0. In that case, then, we find that the current price level is -151.7% off the targeted high while a plunge would see the stock gain -38.43% from current levels.
Astera Labs Inc. (ALAB) estimates and forecasts
10 analysts offering their estimates for the company have set an average revenue estimate of 93.69M for the current quarter. 10 have an estimated revenue figure of 104.11M for the next ending quarter.
ALAB Dividends
Astera Labs Inc. is expected to release its next earnings report 2024-Aug-06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Astera Labs Inc. (NASDAQ:ALAB)’s Major holders
Insiders own 17.80% of the company shares, while shares held by institutions stand at 42.24% with a share float percentage of 51.38%. Investors are also buoyed by the number of investors in a company, with Astera Labs Inc. having a total of 188.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Select Portfolios – Semiconductors Portfolio and Smallcap World Fund . As of May 31, 2024 , the former fund manager holds about 2.66% shares in the company for having 4.17 shares of worth $165.62 million while later fund manager owns 884.1 shares of worth $35.13 million as of Mar 31, 2024 , which makes it owner of about 0.56% of company’s outstanding stock.
