Astera Labs Inc (NASDAQ:ALAB) price on current trading day, fall -2.66% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $128.26.
A look at the stock’s price movement, the level at last check in today’s session was $131.77, moving within a range at $123.61 and $135.7. Turning to its 52-week performance, $147.39 and $36.22 were the 52-week high and 52-week low respectively. Overall, ALAB moved -2.94% over the past month.
Astera Labs Inc’s market cap currently stands at around $20.34 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 127.91M for the company’s revenue for the quarter, with a low and high estimate of 126M and 130M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ALAB is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
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 -3.93% and 10.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 51.11, while 7-day volatility ratio is 4.84% and 6.08% in the 30-day chart. Further, Astera Labs Inc (ALAB) has a beta value of 0, and an average true range (ATR) of 8.18. Analysts have given the company’s stock an average 52-week price target of $100, forecast between a low of $65 and high of $110. Looking at the price targets, the low is 49.32% off recent price level in today’s trading while to achieve the yearly target high, it has to move 14.24%. Nonetheless, investors will most likely welcome a 22.03% jump to $100 which is the analysts’ median price.
If we refocus on Astera Labs Inc (NASDAQ:ALAB), historical trading data shows that trading volumes averaged 3.15 over the past 10 days and 4.78 million over the past 3 months. The company’s latest data on shares outstanding shows there are 158.56 million shares.
The 26.61% of Astera Labs Inc’s shares are in the hands of company insiders while institutional holders own 46.38% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.06 million on 2024-12-31, giving us a short ratio of 2.21. The data shows that as of 2024-12-31 short interest in Astera Labs Inc (ALAB) stood at 909.0000400000001 of shares outstanding, with shares short rising to 8.34 million registered in 2024-11-29. Current price change has pushed the stock -3.16% 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.
