Astera Labs Inc. (NASDAQ:ALAB) price closed higher on current market day and jumping 1.33% above its previous close.
A look at the daily price movement shows that the last close reads $65.99, with intraday deals fluctuated between $66.25 and $68.7399. Taking into account the 52-week price action we note that the stock hit a 52-week high of $95.21 and 52-week low of $36.22. The stock added 41.88% on its value in the past month.
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Astera Labs Inc., which has a market valuation of $10.48 billion, is expected to release its quarterly earnings report in November.
On average, analysts have forecast the company’s revenue for the quarter will hit 97.44M, with the likely lows of 95M and highs of 98.64M. Staying with the analyst view, there is a consensus estimate of 348.17M for the company’s annual revenue in current year.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 7 analysts have assigned ALAB a recommendation rating as follows: 1 rate it as a Hold; 6 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Astera Labs Inc. (ALAB) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that ALAB’s price is at present 17.07% off the SMA20 and 38.66% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 71.52, with weekly volatility standing at 5.81%. The indicator jumps to 5.55% when calculated based on the past 30 days. Astera Labs Inc. (NASDAQ:ALAB)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 3.63. Considering analysts have assigned the stock a price target range of $42.48-$100 as the low and high respectively, we find the trailing 12-month average consensus price target to be $77.5. Based on this estimate, we see that current price is roughly 36.47% off the estimated low and -49.54% off the forecast high. Investors will no doubt be excited to see the share price fall to $77.5, which is the median consensus price, and at that level ALAB would be -15.9% from current price.
An analysis of the Astera Labs Inc. (NASDAQ:ALAB) stock in terms of its daily trading volume indicates that the 3-month average is 3.37 million. However, this figure increases on the past 10-day timeline to an average of 5.09 million.
Current records show that the company has 155.47M in outstanding shares. The insiders’ percentage holdings are 27.83% of outstanding shares while the percentage share held by institutions stands at 32.11%. The stats also highlight that short interest as of 2024-09-30, stood at 11.1 million shares, which puts the short ratio at the time at 3.03. From this we can glean that short interest is 1021.00 of company’s current outstanding shares. Notably, we see that shares short in September fall slightly given the previous month’s figure stood at 11.49 million. But the 7.80% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
