In the latest trading session, 1.0 million Astera Labs Inc (NASDAQ:ALAB) shares changed hands as the company’s beta touched 0.59. With the company’s most recent per share price at $58.32 changing hands around $3.16 or 5.73% at last look, the market valuation stands at $9.46B. ALAB’s current price is a discount, trading about -152.73% 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 37.89% up since then. When we look at Astera Labs Inc’s average trading volume, we note the 10-day average is 4.0 million shares, with the 3-month average coming to 5.19 million.
Analysts gave the Astera Labs Inc (ALAB) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.40. 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’s EPS for the current quarter is expected to be 0.28.
Astera Labs Inc (NASDAQ:ALAB) trade information
Instantly ALAB is in green as seen in intraday trades today. With action -5.95%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -55.97%, with the 5-day performance at -5.95% in the red. However, in the 30-day time frame, Astera Labs Inc (NASDAQ:ALAB) is -5.48% down. Looking at the short shares, we see there were 11.12 million shares sold at short interest cover period of 2.01 days.
The consensus price target for the stock as assigned by Wall Street analysts is 100, meaning bulls need an upside of 41.68% from its recent market value. According to analyst projections, ALAB’s forecast low is 74 with 110 as the target high. To hit the forecast high, the stock’s price needs a -88.61% plunge from its current level, while the stock would need to soar -26.89% for it to hit the projected low.
Astera Labs Inc (ALAB) estimates and forecasts
Year-over-year growth is forecast to reach 70.39% up from the last financial year.
Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 151.55M. 10 analysts are of the opinion that Astera Labs Inc’s revenue for the current quarter will be 159.53M. The company’s revenue for the corresponding quarters a year ago was 65.26M and 76.85M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 132.23%. The estimates for the next quarter sales put growth at 107.58%.
The 2025 estimates are for Astera Labs Inc earnings to increase by 50.07%, but the outlook for the next 5-year period is at 43.48% per year.
Astera Labs Inc (NASDAQ:ALAB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 15.86% of Astera Labs Inc shares while 68.94% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 81.94%. There are 68.94% institutions holding the Astera Labs Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 15.0454% of the shares, roughly 23.35 million ALAB shares worth $1.41 billion.
INTEL CORP holds the second largest percentage of outstanding shares, with 3.8036% or 5.9 million shares worth $357.21 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund. With 3.73 shares estimated at $217.04 million under it, the former controlled 2.30% of total outstanding shares. On the other hand, Fidelity Mt. Vernon Street Trust-Fidelity Growth Company Fund held about 2.10% of the shares, roughly 3.4 shares worth around $197.68 million.
