Astera Labs Inc. (NASDAQ:ALAB) has seen 8.6 million shares traded in the last trading session. The company, currently valued at $6.75B, closed the last trade at $43.06 per share which meant it lost -$5.16 on the day or -10.70% during that session. The ALAB stock price is -121.11% off its 52-week high price of $95.21 and 15.88% 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 3.82 million shares traded. The 3-month trading volume is 2.14 million shares.
The consensus among analysts is that Astera Labs Inc. (ALAB) is Buy stock at the moment, with a recommendation rating of 1.33. 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.
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Astera Labs Inc. (NASDAQ:ALAB) trade information
Sporting -10.70% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ALAB stock price touched $43.06 or saw a rise of 13.95%. Year-to-date, Astera Labs Inc. shares have moved -30.58%, while the 5-day performance has seen it change 3.09%. Over the past 30 days, the shares of Astera Labs Inc. (NASDAQ:ALAB) have changed 6.45%. Short interest in the company has seen 11.47 million shares shorted with days to cover at 4.93.
Wall Street analysts have a consensus price target for the stock at $75.5, which means that the shares’ value could jump 42.97% from current levels. The projected low price target is $42.48 while the price target rests at a high of $100.0. In that case, then, we find that the current price level is -132.23% off the targeted high while a plunge would see the stock lose 1.35% from current levels.
ALAB Dividends
Astera Labs Inc. is expected to release its next earnings report in October 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 17.84% of the company shares, while shares held by institutions stand at 43.77% with a share float percentage of 53.28%. Investors are also buoyed by the number of investors in a company, with Astera Labs Inc. having a total of 196.0 institutions that hold shares in the company.
