Astera Labs Inc (NASDAQ:ALAB) shares, rose in value on Thursday, March 27, with the stock price down by -6.21% to the previous day’s close as strong demand from buyers drove the stock to $62.79.
Actively observing the price movement in the last trading, the stock closed the session at $66.95, falling within a range of $62.18 and $65.49. Referring to stock’s 52-week performance, its high was $147.39, and the low was $36.22. On the whole, ALAB has fluctuated by -24.35% over the past month.
With the market capitalization of Astera Labs Inc currently standing at about $10.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-09.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 675.22M, with a low estimate of 138M and a high estimate of 153.79M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 151.55M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ALAB’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of ALAB currently trading nearly -8.36% and -28.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.09, while the 7-day volatility ratio is showing 6.15% which for the 30-day chart, stands at 7.64%. Furthermore, Astera Labs Inc (ALAB)’s beta value is -0.21, and its average true range (ATR) is 5.73.
A comparison of Astera Labs Inc (ALAB) with its peers suggests the former has fared considerably weaker in the market. ALAB showed an intraday change of -6.21% in last session, and over the past year, it shrunk by -26.13%%.
Data on historical trading for Astera Labs Inc (NASDAQ:ALAB) indicates that the trading volumes over the past 10 days have averaged 2.95 and over the past 3 months, they’ve averaged 5.05 million. According to company’s latest data on outstanding shares, there are 162.02 million shares outstanding.
Nearly 25.03% of Astera Labs Inc’s shares belong to company insiders and institutional investors own 58.30% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.12 million shares as on 2025-03-14, resulting in a short ratio of 2.01. According to the data, the short interest in Astera Labs Inc (ALAB) stood at 973.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 8.51 million. The stock has fallen by -52.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ALAB stock heading into the next quarter.
