Astera Labs Inc (NASDAQ:ALAB) has seen 1.17 million shares traded in the recent trading session. The company, currently valued at $11.32B, closed the recent trade at $69.75 per share which meant it lost -$2.9 on the day or -3.98% during that session. The ALAB stock price is -36.5% off its 52-week high price of $95.21 and 48.07% 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 2.82 million shares traded. The 3-month trading volume is 3.58 million shares.
The consensus among analysts is that Astera Labs Inc (ALAB) is Buy stock at the moment, with a recommendation rating of 1.17. 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 0.17.
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Astera Labs Inc (NASDAQ:ALAB) trade information
Sporting -3.98% in the red today, 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 $69.75 or saw a rise of 7.2%. Year-to-date, Astera Labs Inc shares have moved 12.45%, while the 5-day performance has seen it change -4.27%. Over the past 30 days, the shares of Astera Labs Inc (NASDAQ:ALAB) have changed 33.27%. Short interest in the company has seen 10.33 million shares shorted with days to cover at 2.55.
Wall Street analysts have a consensus price target for the stock at $77.5, which means that the shares’ value could jump 10.0% from the levels at last check today. 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 latest price level in today’s session is -43.37% off the targeted high while a plunge would see the stock lose 39.1% from the levels at last check today.
Astera Labs Inc (ALAB) estimates and forecasts
The company’s shares have lost -10.70% over the past 6 months, compared to -3.50% for the industry.
10 analysts offering their estimates for the company have set an average revenue estimate of 97.44M for the current quarter. 10 have an estimated revenue figure of 108.38M for the next ending quarter.
ALAB Dividends
Astera Labs Inc is expected to release its next earnings report on 2024-Nov-04 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 17.15% of the company shares, while shares held by institutions stand at 44.27% with a share float percentage of 53.44%. Investors are also buoyed by the number of investors in a company, with Astera Labs Inc having a total of 224.0 institutions that hold shares in the company.
