Astera Labs Inc (NASDAQ:ALAB) has seen 1.55 million shares traded in the recent trading session. The company, currently valued at $14.42B, closed the recent trade at $90.90 per share which meant it gained $3.05 on the day or 3.47% during that session. The ALAB stock price is -62.15% off its 52-week high price of $147.39 and 60.15% 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 6.67 million shares traded. The 3-month trading volume is 5.22 million shares.
The consensus among analysts is that Astera Labs Inc (ALAB) is Buy stock at the moment, with a recommendation rating of 1.36. 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 0.28.
Astera Labs Inc (NASDAQ:ALAB) trade information
Sporting 3.47% in the green today, 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 $90.90 or saw a rise of 14.15%. Year-to-date, Astera Labs Inc shares have moved -31.37%, while the 5-day performance has seen it change -12.00%. Over the past 30 days, the shares of Astera Labs Inc (NASDAQ:ALAB) have changed -28.93%. Short interest in the company has seen 7.68 million shares shorted with days to cover at 1.57.
Wall Street analysts have a consensus price target for the stock at $100, which means that the shares’ value could jump 9.1% from the levels at last check today. The projected low price target is $74.0 while the price target rests at a high of $110.0. In that case, then, we find that the latest price level in today’s session is -21.01% off the targeted high while a plunge would see the stock lose 18.59% from the levels at last check today.
Astera Labs Inc (ALAB) estimates and forecasts
The company’s shares have gained 109.93% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 70.42%.
10 analysts offering their estimates for the company have set an average revenue estimate of 151.4M for the current quarter. 9 have an estimated revenue figure of 159.36M for the next ending quarter. Year-ago sales stood 65.26M and 76.85M respectively for this quarter and the next, and analysts expect sales will grow by 132.00% for the current quarter and 70.42% for the next.
Earnings growth for 2025 is a modest 50.02% while over the next 5 years, the company’s earnings are expected to increase by 43.47%.
ALAB Dividends
Astera Labs Inc is expected to release its next earnings report in March 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 16.51% of the company shares, while shares held by institutions stand at 68.68% with a share float percentage of 82.26%. Investors are also buoyed by the number of investors in a company, with Astera Labs Inc having a total of 495.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Select Portfolios – Semiconductors Portfolio and Fidelity Growth Company Fund. As of Nov 30, 2024, the former fund manager holds about 2.41% shares in the company for having 3.82 shares of worth $350.2 million while later fund manager owns 3.33 shares of worth $305.92 million as of Dec 31, 2024, which makes it owner of about 2.10% of company’s outstanding stock.
