In last trading session, Astera Labs Inc (NASDAQ:ALAB) saw 4.48 million shares changing hands with its beta currently measuring 0.40. Company’s recent per share price level of $64.08 trading at $2.07 or 3.34% at ring of the bell on the day assigns it a market valuation of $10.39B. That closing price of ALAB’s stock is at a discount of -130.01% from its 52-week high price of $147.39 and is indicating a premium of 43.48% from its 52-week low price of $36.22. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.1 million shares which gives us an average trading volume of 5.04 million if we extend that period to 3-months.
For Astera Labs Inc (ALAB), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.40. Splitting up the data highlights that, out of 7 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 6 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Astera Labs Inc (NASDAQ:ALAB) trade information
Upright in the green during last session for gaining 3.34%, in the last five days ALAB remained trading in the red while hitting it’s week-highest on Thursday, 03/27/25 when the stock touched $64.08 price level, adding 2.15% to its value on the day. Astera Labs Inc’s shares saw a change of -51.62% in year-to-date performance and have moved -4.29% in past 5-day. Astera Labs Inc (NASDAQ:ALAB) showed a performance of -7.97% in past 30-days. Number of shares sold short was 11.12 million shares which calculate 2.01 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 100 to the stock, which implies a rise of 35.92% to its current value. Analysts have been projecting 74 as a low price target for the stock while placing it at a high target of 110. It follows that stock’s current price would drop -15.48% in reaching the projected high whereas dropping to the targeted low would mean a loss of -15.48% for stock’s current value.
In 2025, company’s earnings growth rate is likely to be around 50.07% while estimates for its earnings growth in next 5 years are of 43.48%.
Astera Labs Inc (NASDAQ:ALAB)’s Major holders
Insiders are in possession of 15.86% of company’s total shares while institution are holding 69.26 percent of that, with stock having share float percentage of 82.32%. Investors also watch the number of corporate investors in a company very closely, which is 69.26% institutions for Astera Labs Inc that are currently holding shares of the company. FMR LLC is the top institutional holder at ALAB for having 23.35 million shares of worth $1.41 billion. And as of 2024-06-30, it was holding 15.0454 of the company’s outstanding shares.
The second largest institutional holder is INTEL CORP, which was holding about 5.9 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.8036 of outstanding shares, having a total worth of $357.21 million.
