In the latest trading session, 0.56 million Astera Labs Inc. (NASDAQ:ALAB) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $66.86 changed hands at -$0.01 or -0.01% at last look, the market valuation stands at $10.47B. ALAB’s current price is a discount, trading about -42.4% 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 45.83% up since then. When we look at Astera Labs Inc.’s average trading volume, we note the 10-day average is 5.09 million shares, with the 3-month average coming to 3.39 million.
Analysts gave the Astera Labs Inc. (ALAB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.17. 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. Astera Labs Inc.’s EPS for the current quarter is expected to be 0.17.
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Astera Labs Inc. (NASDAQ:ALAB) trade information
Instantly ALAB was in red as seen in intraday trades today. With action 2.92%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 7.79%, with the 5-day performance at 2.92% in the green. However, in the 30-day time frame, Astera Labs Inc. (NASDAQ:ALAB) is 32.37% up. Looking at the short shares, we see there were 11.1 million shares sold at short interest cover period of 3.03 days.
The consensus price target for the stock as assigned by Wall Street analysts is 77.5, meaning bulls need an upside of 13.73% from its recent market value. According to analyst projections, ALAB’s forecast low is 42.48 with 100 as the target high. To hit the forecast high, the stock’s price needs a -49.57% plunge from its current level, while the stock would need to tank 36.46% for it to hit the projected low.
Astera Labs Inc. (ALAB) estimates and forecasts
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 97.44M. 10 analysts are of the opinion that Astera Labs Inc.’s revenue for the current quarter will be 108.38M. The 2024 estimates are for Astera Labs Inc. earnings to increase by 609.23%.
Astera Labs Inc. (NASDAQ:ALAB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 17.15% of Astera Labs Inc. shares while 44.09% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 53.22%.
