Astera Labs Inc (NASDAQ:ALAB) price on current trading day, remained unchanged to $68.89.
A look at the stock’s price movement, the close in the last trading session was $68.89, moving within a range at $67.51 and $70.595. Turning to its 52-week performance, $147.39 and $36.22 were the 52-week high and 52-week low respectively. Overall, ALAB moved -26.14% over the past month.
Astera Labs Inc’s market cap currently stands at around $11.17 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-09.
Analysts have a consensus estimate of 151.55M for the company’s revenue for the quarter, with a low and high estimate of 138M and 153.79M respectively. The average forecast suggests up to a 132.23% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 675.22M, representing a 70.39% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ALAB is a 100% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell 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 -4.97% and -27.31% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.22, while 7-day volatility ratio is 5.97% and 7.99% in the 30-day chart. Further, Astera Labs Inc (ALAB) has a beta value of -0.15, and an average true range (ATR) of 6.49. Analysts have given the company’s stock an average 52-week price target of $100, forecast between a low of $74 and high of $110. Looking at the price targets, the low is -7.42% off current price level while to achieve the yearly target high, price needs to move -59.67%. Nonetheless, investors will most likely welcome a -45.16% 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 4.25 over the past 10 days and 5.33 million over the past 3 months. The company’s latest data on shares outstanding shows there are 162.02 million shares.
The 25.03% of Astera Labs Inc’s shares are in the hands of company insiders while institutional holders own 58.30% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 9.55 million on 2025-02-28, giving us a short ratio of 1.53. The data shows that as of 2025-02-28 short interest in Astera Labs Inc (ALAB) stood at 836.0 of shares outstanding, with shares short rising to 7.68 million registered in 2025-01-31. Current price change has pushed the stock -47.99% 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.
