Astera Labs Inc (NASDAQ:ALAB) currently has a daily average trading volume of 4.41M but it saw 9195513 shares traded in last market. With a market cap of 16.51B USD, the company’s current market price of $104.12 came rising about 6.88 while comparing to the previous closing price of $97.42. In past 52 weeks, the stock remained buoying in the range of price level as high as $100.09 and as low as $36.22. In the recent trading on the day, stock has struck highest price mark of $101.32 while lowest mark touched by it was $108.37.
Taking a look at 20-day trading activity of Astera Labs Inc (ALAB) gives us an average price of $86.39, while its current price level is 4.03% below from 52-week high level whereas it is 187.51% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $68.43. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.26% during that period while stretching the period over a month that increases to 6.64%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 73.07 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Citigroup which initiated the stock as “Buy” in its note to investors issued on November 18, 2024, recommending a price target of $120 for it. Morgan Stanley upgraded its recommendation for the stock as a “Overweight” from “Equal-Weight” on September 04, 2024 while assigning a price target of $55. Evercore ISI also issued its recommendations for the stock as it initiated the price target for the stock is $100.
Over the week, ALAB’s stock price is moving 17.66% up while it is 53.57% when we observe its performance for the past one month. Year-to-date it is 67.85% up and over the past year.
The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of 0.26 while estimate for next year EPS is 0.72. In next quarter, company is expected to be making quarterly sales of $133.96M as analysts are expecting the sales for current fiscal year at $383.13M and seeing the company making $615.64M in sales next year. Moreover, analysts are in estimates of $127.91M for current-quarter revenue.
Currently, Astera Labs Inc’s total number of outstanding shares is 155.47M with 16.77% of that held by the insiders while 58.16% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -10.54% and return on equity (ROE) at -16.05%. It has a 89.12 of forward P/E ratio. Stock has a price to book (P/B) ratio of 18.56 while price to sale or P/S ratio amounts to 54.02. Its return on asset (ROA) is -12.87% on average.
