Astera Labs Inc (NASDAQ:ALAB) price on Wednesday, November 13, fall -1.60% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $89.30.
A look at the stock’s price movement, the close in the last trading session was $90.75, moving within a range at $89.24 and $94.0. Turning to its 52-week performance, $100.09 and $36.22 were the 52-week high and 52-week low respectively. Overall, ALAB moved 42.95% over the past month.
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Astera Labs Inc’s market cap currently stands at around $14.16 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 128.2M for the company’s revenue for the quarter, with a low and high estimate of 126M and 130M respectively.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 6 recommend ALAB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ALAB’s current price about 13.60% and 44.00% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 64.17, while 7-day volatility ratio is 7.29% and 6.44% in the 30-day chart. Further, Astera Labs Inc (ALAB) has a beta value of 0, and an average true range (ATR) of 6.06. Analysts have given the company’s stock an average 52-week price target of $92.5, forecast between a low of $65 and high of $110. Looking at the price targets, the low is 27.21% off current price level while to achieve the yearly target high, price needs to move -23.18%. Nonetheless, investors will most likely welcome a -3.58% jump to $92.5 which is the analysts’ median price.
If we refocus on Astera Labs Inc (NASDAQ:ALAB), historical trading data shows that trading volumes averaged 7.68 over the past 10 days and 4.28 million over the past 3 months. The company’s latest data on shares outstanding shows there are 155.47 million shares.
The 27.56% of Astera Labs Inc’s shares are in the hands of company insiders while institutional holders own 33.49% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.64 million on 2024-10-31, giving us a short ratio of 2.9. The data shows that as of 2024-10-31 short interest in Astera Labs Inc (ALAB) stood at 960.9999499999999 of shares outstanding, with shares short falling to 11.1 million registered in 2024-09-30. Current price change has pushed the stock 43.96% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ALAB stock continues to rise going into the next quarter.
