In the last trading session, 2.53 million shares of the Astera Labs Inc. (NASDAQ:ALAB) were traded. Most recently the company’s share price was $41.77, and it changed around $1.99 or 4.99% from the last close, which brings the market valuation of the company to $6.54B. ALAB currently trades at a discount to its 52-week high of $95.21, offering almost -127.94% off that amount. The share price’s 52-week low was $36.22, which indicates that the current value has risen by an impressive 13.29% since then. We note from Astera Labs Inc.’s average daily trading volume that its 10-day average is 2.73 million shares, with the 3-month average coming to 1.96 million.
Astera Labs Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.33. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 1 recommended ALAB as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Astera Labs Inc. is expected to report earnings per share of 0.16 for the current quarter.
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Astera Labs Inc. (NASDAQ:ALAB) trade information
Instantly ALAB has showed a green trend with a performance of 4.99% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 41.87 on recent trading dayincreased the stock’s daily price by 0.24%. The company’s shares are currently down -32.66% year-to-date, but still up 2.10% over the last five days. On the other hand, Astera Labs Inc. (NASDAQ:ALAB) is -11.22% down in the 30-day period. We can see from the shorts that 10.37 million shares have been sold at a short interest cover period of 7.34 day(s).
The consensus price target as assigned by Wall Street analysts is $75.5, which translates to bulls needing to increase their stock price by 44.68% from its current value. Analyst projections state that ALAB is forecast to be at a low of $55 and a high of $100.
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 95.6M in revenue for the current quarter. 10 analysts expect Astera Labs Inc. to make 106.15M in revenue for the current ending quarter.
ALAB Dividends
Astera Labs Inc.’s next quarterly earnings report is expected to be released on 2024-Aug-06.
Astera Labs Inc. (NASDAQ:ALAB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 17.85% of Astera Labs Inc. shares, and 43.38% of them are in the hands of institutional investors. The stock currently has a share float of 52.80%.
Fidelity Select Portfolios – Semiconductors Portfolio and Smallcap World Fund were the top two Mutual Funds as of Jun 30, 2024 . The former held 5.33 shares worth $222.54 million, making up 3.40% of all outstanding shares. On the other hand, Smallcap World Fund held roughly 884.1 shares worth around $36.93 million, which represents about 0.56% of the total shares outstanding.
