In today’s recent session, 0.79 million shares of the Astera Labs Inc (NASDAQ:ALAB) were traded. Most recently the company’s share price was $123.80, and it changed around $1.77 or 1.45% from the last close, which brings the market valuation of the company to $19.64B. ALAB at last check was trading at a discount to its 52-week high of $123.40, offering almost 0.32% off that amount. The share price’s 52-week low was $36.22, which indicates that the recent value has risen by an impressive 70.74% since then. We note from Astera Labs Inc’s average daily trading volume that its 10-day average is 4.63 million shares, with the 3-month average coming to 4.65 million.
Astera Labs Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.23. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 1 recommended ALAB as a Hold, whereas 7 deemed it a Buy, and 0 rated it as Underweight. Astera Labs Inc is expected to report earnings per share of 0.26 for the current quarter.
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Astera Labs Inc (NASDAQ:ALAB) trade information
Instantly ALAB has been showing a green trend so far today with a performance of 1.45% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 125.41 on recent trading dayincreased the stock’s daily price by 1.28%. The company’s shares are currently up 99.58% year-to-date, but still up 6.26% over the last five days. On the other hand, Astera Labs Inc (NASDAQ:ALAB) is 24.67% up in the 30-day period. We can see from the shorts that 8.91 million shares have been sold at a short interest cover period of 1.74 day(s).
The consensus price target as assigned by Wall Street analysts is $100, which translates to bulls needing to decrease their stock price by -23.8% from its current value. Analyst projections state that ALAB is forecast to be at a low of $65 and a high of $110.
Astera Labs Inc (ALAB) estimates and forecasts
Consensus estimates provided by 10 financial analysts predict the company will bring in an average of 127.91M in revenue for the current quarter. 9 analysts expect Astera Labs Inc to make 133.96M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 105.27%.
Astera Labs Inc (NASDAQ:ALAB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 16.72% of Astera Labs Inc shares, and 57.67% of them are in the hands of institutional investors. The stock currently has a share float of 69.25%.
