In the last trading session, 2.7 million shares of the Astera Labs Inc (NASDAQ:ALAB) were traded, and its beta was 1.18. Most recently the company’s share price was $89.62, and it changed around -$1.18 or -1.30% from the last close, which brings the market valuation of the company to $14.78B. ALAB currently trades at a discount to its 52-week high of $147.39, offering almost -64.46% off that amount. The share price’s 52-week low was $36.22, which indicates that the current value has risen by an impressive 59.58% since then. We note from Astera Labs Inc’s average daily trading volume that its 10-day average is 5.53 million shares, with the 3-month average coming to 4.32 million.
Astera Labs Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.29. If we narrow it down even further, the data shows that 0 out of 17 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 1 recommended ALAB as a Hold, whereas 9 deemed it a Buy, and 0 rated it as Underweight.
Astera Labs Inc (NASDAQ:ALAB) trade information
Instantly ALAB has showed a red trend with a performance of -1.30% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 93.98 on recent trading dayincreased the stock’s daily price by 4.64%. The company’s shares are currently up 48.13% year-to-date, but still down -1.54% over the last five days. On the other hand, Astera Labs Inc (NASDAQ:ALAB) is -5.88% down in the 30-day period. We can see from the shorts that 10.98 million shares have been sold at a short interest cover period of 2.6 day(s).
The consensus price target as assigned by Wall Street analysts is $80, which translates to bulls needing to decrease their stock price by -12.03% from its current value. Analyst projections state that ALAB is forecast to be at a low of $75 and a high of $100.
Astera Labs Inc earnings are expected to increase by 60.69% in 2025, but the outlook is positive 41.69% per year for the next five years.
ALAB Dividends
Astera Labs Inc’s next quarterly earnings report is expected to be released on 2025-May-06.
Astera Labs Inc (NASDAQ:ALAB)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.51% of Astera Labs Inc shares, and 71.08% of them are in the hands of institutional investors. The stock currently has a share float of 82.17%. Astera Labs Inc stock is held by 516.0 institutions, with FMR LLC being the largest institutional investor. By 2024-06-30, it held 15.0454% of the shares, which is about 23.35 million shares worth $1.41 billion.
INTEL CORP, with 3.8036% or 5.9 million shares worth $357.21 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
