In the latest trading session, 2.24 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 $96.06 changed hands at -$5.36 or -5.29% at last look, the market valuation stands at $15.24B. ALAB’s current price is a discount, trading about -53.44% off its 52-week high of $147.39. The share price had its 52-week low at $36.22, which suggests the last value was 62.29% up since then. When we look at Astera Labs Inc’s average trading volume, we note the 10-day average is 6.72 million shares, with the 3-month average coming to 5.40 million.
Analysts gave the Astera Labs Inc (ALAB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.43. 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 (NASDAQ:ALAB) trade information
Instantly ALAB was in red as seen in intraday trades today. With action 15.51%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -27.48%, with the 5-day performance at 15.51% in the green. However, in the 30-day time frame, Astera Labs Inc (NASDAQ:ALAB) is -27.48% down. Looking at the short shares, we see there were 8.05 million shares sold at short interest cover period of 1.94 days.
The consensus price target for the stock as assigned by Wall Street analysts is 100, meaning bulls need an upside of 3.94% 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 -14.51% plunge from its current level, while the stock would need to tank 32.33% for it to hit the projected low.
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 59.54% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 71.49%.
Among Mutual Funds, the top two as of Nov 30, 2024 were Fidelity Select Portfolios – Semiconductors Portfolio and Fidelity Blue Chip Growth Fund. With 3.82 shares estimated at $369.2 million under it, the former controlled 2.41% of total outstanding shares. On the other hand, Fidelity Blue Chip Growth Fund held about 2.05% of the shares, roughly 3.26 shares worth around $315.19 million.
