Does Astera Labs Inc (NASDAQ:ALAB) Look Expensive At $97.91? Here’s How To Know.

In recent trading session, Astera Labs Inc (NASDAQ:ALAB) saw 2.39 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $97.91 trading at -$0.26 or -0.26% at last check today assigns it a market valuation of $15.53B. That most recent trading price of ALAB’s stock is at a discount of -0.79% from its 52-week high price of $98.68 and is indicating a premium of 63.01% from its 52-week low price of $36.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.54 million shares which gives us an average trading volume of 4.14 million if we extend that period to 3-months.

For Astera Labs Inc (ALAB), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.17. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.23 in the current quarter.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Astera Labs Inc (NASDAQ:ALAB) trade information

Upright in the red during last session for losing -0.26%, in the last five days ALAB remained trading in the green while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $97.91 price level, adding 1.25% to its value on the day. Astera Labs Inc’s shares saw a change of 57.85% in year-to-date performance and have moved 39.56% in past 5-day. Astera Labs Inc (NASDAQ:ALAB) showed a performance of 59.94% in past 30-days. Number of shares sold short was 10.33 million shares which calculate 2.55 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 83 to the stock, which implies a fall of -17.96% to its recent value today. Analysts have been projecting 65 as a low price target for the stock while placing it at a high target of 105. It follows that stock’s current price would jump 33.61% in reaching the projected high whereas dropping to the targeted low would mean a gain of 33.61% for stock’s current value.

Astera Labs Inc (ALAB) estimates and forecasts

10 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 123.66M for the same. And 10 analysts are in estimates of company making revenue of 129.65M in the next quarter.

Astera Labs Inc (NASDAQ:ALAB)’s Major holders

Insiders are in possession of 16.94% of company’s total shares while institution are holding 43.97 percent of that, with stock having share float percentage of 52.93%. Investors also watch the number of corporate investors in a company very closely, which is 43.97% institutions for Astera Labs Inc that are currently holding shares of the company.