In the last trading session, 8.28 million Astera Labs Inc (NASDAQ:ALAB) shares changed hands as the company’s beta touched 0. With the company’s per share price at $116.51 changed hands at $13.12 or 12.69% during last session, the market valuation stood at $18.48B. ALAB’s last price was a premium, traded about 2.28% off its 52-week high of $113.85. The share price had its 52-week low at $36.22, which suggests the last value was 68.91% up since then. When we look at Astera Labs Inc’s average trading volume, we note the 10-day average is 5.46 million shares, with the 3-month average coming to 4.54 million.
Analysts gave the Astera Labs Inc (ALAB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.23. 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 0.26.
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Astera Labs Inc (NASDAQ:ALAB) trade information
Instantly ALAB was in green as seen at the end of in last trading. With action 8.57%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 87.83%, with the 5-day performance at 8.57% in the green. However, in the 30-day time frame, Astera Labs Inc (NASDAQ:ALAB) is 60.37% up. Looking at the short shares, we see there were 8.91 million shares sold at short interest cover period of 1.74 days.
The consensus price target for the stock as assigned by Wall Street analysts is 92.5, meaning bulls need a downside of -25.96% from its current market value. According to analyst projections, ALAB’s forecast low is 65 with 110 as the target high. To hit the forecast high, the stock’s price needs a 5.59% surge from its current level, while the stock would need to tank 44.21% for it to hit the projected low.
Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of 127.91M. 9 analysts are of the opinion that Astera Labs Inc’s revenue for the current quarter will be 133.96M. The estimates for the next quarter sales put growth at 105.27%.
The 2024 estimates are for Astera Labs Inc earnings to increase by 700.71%.
ALAB Dividends
Astera Labs Inc is expected to release its next quarterly earnings report in January.
Astera Labs Inc (NASDAQ:ALAB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.76% of Astera Labs Inc shares while 57.67% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.29%.
Among Mutual Funds, the top two as of Sep 30, 2024 were Fidelity Select Portfolios – Semiconductors Portfolio and Fidelity Blue Chip Growth Fund . With 7.17 shares estimated at $835.16 million under it, the former controlled 4.52% of total outstanding shares. On the other hand, Fidelity Blue Chip Growth Fund held about 2.03% of the shares, roughly 3.22 shares worth around $374.63 million.
