Astera Labs Inc (NASDAQ:ALAB)’s traded shares stood at 0.64 million during the last session. At the last check today, the stock’s price was $116.70, to imply an increase of 1.76% or $2.02 in intraday trading. The ALAB share’s 52-week high remains $121.20, putting it -3.86% down since that peak but still an impressive 68.96% since price per share fell to its 52-week low of $36.22. The company has a valuation of $18.51B, with an average of 5.22 million shares in intraday trading volume over the past 10 days and average of 4.61 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Astera Labs Inc (ALAB), translating to a mean rating of 1.23. Of 7 analyst(s) looking at the stock, 0 analyst(s) give ALAB a Sell rating. 0 of those analysts rate the stock as Overweight while 1 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.26.
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Astera Labs Inc (NASDAQ:ALAB) trade information
After registering a 1.76% upside in the latest session, Astera Labs Inc (ALAB) has traded red over the past five days. The 5-day price performance for the stock is 13.03%, and 18.88% over 30 days. With these gigs, the year-to-date price performance is 88.13%. Short interest in Astera Labs Inc (NASDAQ:ALAB) saw shorts transact 8.91 million shares and set a 1.74 days time to cover.
The extremes give us $65 and $110 for target low and target high price respectively. As such, ALAB has been trading 5.74% off suggested target high and 44.3% from its likely low.
Astera Labs Inc (ALAB) estimates and forecasts
Revenue forecast for the current quarter as set by 10 analysts is 127.91M. Meanwhile, for the current quarter, a total of 9 analyst(s) estimate revenue growth to 133.96M.
ALAB Dividends
Astera Labs Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Astera Labs Inc (NASDAQ:ALAB)’s Major holders
Astera Labs Inc insiders hold 16.72% of total outstanding shares, with institutional holders owning 57.68% of the shares at 69.26% float percentage. In total, 57.68% institutions holds shares in the company.
We also have Fidelity Select Portfolios – Semiconductors Portfolio and Fidelity Blue Chip Growth Fund as the top two Mutual Funds with the largest holdings of the Astera Labs Inc (ALAB) shares. Going by data provided on Oct 31, 2024, Fidelity Select Portfolios – Semiconductors Portfolio holds roughly 7.17 shares. This is just over 4.52% of the total shares, with a market valuation of $849.2 million. Data from the same date shows that the other fund manager holds a little less at 3.22, or 2.03% of the shares, all valued at about 380.9 million.
