In the latest trading session, 1.44 million Astera Labs Inc (NASDAQ:ALAB) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $142.48 changing hands around $6.91 or 5.10% at last look, the market valuation stands at $22.60B. ALAB’s last price was a premium, traded about 3.05% off its 52-week high of $138.14. The share price had its 52-week low at $36.22, which suggests the last value was 74.58% up since then. When we look at Astera Labs Inc’s average trading volume, we note the 10-day average is 5.3 million shares, with the 3-month average coming to 4.90 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 is in green as seen in intraday trades today. With action 11.36%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 129.70%, with the 5-day performance at 11.36% in the green. However, in the 30-day time frame, Astera Labs Inc (NASDAQ:ALAB) is 39.30% up. Looking at the short shares, we see there were 8.34 million shares sold at short interest cover period of 1.37 days.
The consensus price target for the stock as assigned by Wall Street analysts is 100, meaning bulls need a downside of -42.48% from its recent 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 22.8% surge from its current level, while the stock would need to tank 54.38% for it to hit the projected low.
Astera Labs Inc (ALAB) estimates and forecasts
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%.
Astera Labs Inc (NASDAQ:ALAB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 16.72% of Astera Labs Inc shares while 57.71% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 69.29%.
