Astera Labs Inc (NASDAQ:ALAB) has a beta value of -0.08 and has seen 5.82 million shares traded in the last trading session. The company, currently valued at $10.85B, closed the last trade at $66.92 per share which meant it gained $3.43 on the day or 5.40% during that session. The ALAB stock price is -120.25% off its 52-week high price of $147.39 and 45.88% above the 52-week low of $36.22.
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 5.40% in the green 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 $66.92 or saw a rise of 10.98%. Year-to-date, Astera Labs Inc shares have moved -49.48%, while the 5-day performance has seen it change -9.99%. Over the past 30 days, the shares of Astera Labs Inc (NASDAQ:ALAB) have changed -37.21%.
Wall Street analysts have a consensus price target for the stock at $100, which means that the shares’ value could jump 33.08% from current levels. 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 current price level is -64.38% off the targeted high while a plunge would see the stock gain -10.58% from current levels.
Astera Labs Inc (ALAB) estimates and forecasts
The company’s shares have gained 60.52% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 70.30%.
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 70.30% 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 April 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
The top two institutional holders are INTEL CORP with over 5.9 million shares worth more than $357.21 million. As of 2024-06-30, INTEL CORP held 3.8036% of shares outstanding.
The other major institutional holder is ATREIDES MANAGEMENT, LP, with the holding of over 2.78 million shares as of 2024-06-30. The firm’s total holdings are worth over $168.0 million and represent 1.7889% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Growth Company Fund and Fidelity Blue Chip Growth Fund . As of Dec 31, 2024 , the former fund manager holds about 2.06% shares in the company for having 3.33 shares of worth $223.02 million while later fund manager owns 3.26 shares of worth $217.96 million as of Dec 31, 2024 , which makes it owner of about 2.01% of company’s outstanding stock.
