Astera Labs Inc (NASDAQ:ALAB) has seen 1.29 million shares traded in the last trading session. The company, currently valued at $20.51B, closed the last trade at $129.32 per share which meant it lost -$4.28 on the day or -3.20% during that session. The ALAB stock price is -13.97% off its 52-week high price of $147.39 and 71.99% above the 52-week low of $36.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.23 million shares traded. The 3-month trading volume is 5.03 million shares.
The consensus among analysts is that Astera Labs Inc (ALAB) is Buy stock at the moment, with a recommendation rating of 1.38. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 7 have rated it as a Hold, with 6 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.26.
Astera Labs Inc (NASDAQ:ALAB) trade information
Sporting -3.20% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ALAB stock price touched $129.32 or saw a rise of 12.26%. Year-to-date, Astera Labs Inc shares have moved -2.36%, while the 5-day performance has seen it change -2.36%. Over the past 30 days, the shares of Astera Labs Inc (NASDAQ:ALAB) have changed 7.41%. Short interest in the company has seen 8.04 million shares shorted with days to cover at 1.71.
Wall Street analysts have a consensus price target for the stock at $100, which means that the shares’ value could drop -29.32% from current levels. The projected low price target is $65.0 while the price target rests at a high of $110.0. In that case, then, we find that the current price level is 14.94% off the targeted high while a plunge would see the stock lose 49.74% from current levels.
Astera Labs Inc (ALAB) estimates and forecasts
The company’s shares have gained 127.36% over the past 6 months, compared to -1.50% for the industry.
10 analysts offering their estimates for the company have set an average revenue estimate of 127.91M for the current quarter. 9 have an estimated revenue figure of 133.96M for the next ending quarter.
ALAB Dividends
Astera Labs Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Astera Labs Inc (NASDAQ:ALAB)’s Major holders
Insiders own 16.72% of the company shares, while shares held by institutions stand at 57.98% with a share float percentage of 69.62%. Investors are also buoyed by the number of investors in a company, with Astera Labs Inc having a total of 322.0 institutions that hold shares in the company.
