In the last trading session, 2.37 million Astera Labs Inc. (NASDAQ:ALAB) shares changed hands as the company’s beta touched 0. With the company’s per share price at $41.09 changed hands at $0.18 or 0.44% during last session, the market valuation stood at $6.44B. ALAB’s last price was a discount, traded about -131.71% off its 52-week high of $95.21. The share price had its 52-week low at $36.22, which suggests the last value was 11.85% up since then. When we look at Astera Labs Inc.’s average trading volume, we note the 10-day average is 3.4 million shares, with the 3-month average coming to 1.89 million.
Analysts gave the Astera Labs Inc. (ALAB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.33. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended ALAB as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight.
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Astera Labs Inc. (NASDAQ:ALAB) trade information
Instantly ALAB was in green as seen at the end of in last trading. With action 3.42%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -33.76%, with the 5-day performance at 3.42% in the green. However, in the 30-day time frame, Astera Labs Inc. (NASDAQ:ALAB) is -20.43% down. Looking at the short shares, we see there were 10.37 million shares sold at short interest cover period of 7.34 days.
The consensus price target for the stock as assigned by Wall Street analysts is 75.5, meaning bulls need an upside of 45.58% from its current market value. According to analyst projections, ALAB’s forecast low is 55 with 100 as the target high. To hit the forecast high, the stock’s price needs a -143.37% plunge from its current level, while the stock would need to soar -33.85% for it to hit the projected low.
The 2024 estimates are for Astera Labs Inc. earnings to increase by 607.57%.
ALAB Dividends
Astera Labs Inc. is expected to release its next quarterly earnings report in September.
Astera Labs Inc. (NASDAQ:ALAB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 17.80% of Astera Labs Inc. shares while 46.93% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 57.09%.
