The stock of Astera Labs Inc. (ALAB) has gone up by 0.86% for the week, with a 4.15% rise in the past month and a -34.72% drop in the past quarter. The volatility ratio for the week is 8.61%, and the volatility levels for the past 30 days are 9.81% for ALAB. The simple moving average for the past 20 days is 1.27% for ALAB’s stock, with a -31.35% simple moving average for the past 200 days.
Is It Worth Investing in Astera Labs Inc. (NASDAQ: ALAB) Right Now?
Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ALAB is 112.35M, and currently, short sellers hold a 10.21% ratio of that floaft. The average trading volume of ALAB on August 30, 2024 was 2.14M shares.
ALAB) stock’s latest price update
The stock price of Astera Labs Inc. (NASDAQ: ALAB) has plunged by -12.63 when compared to previous closing price of 48.22, but the company has seen a 0.86% gain in its stock price over the last five trading sessions. fool.com reported 2024-08-29 that Nvidia’s Q2 results and forward guidance point to robust demand in the AI space. Despite failing to lift its own stock, Nvidia’s results are powering gains for Astera Labs and many other AI stocks.
Analysts’ Opinion of ALAB
Many brokerage firms have already submitted their reports for ALAB stocks, with Evercore ISI repeating the rating for ALAB by listing it as a “Outperform.” The predicted price for ALAB in the upcoming period, according to Evercore ISI is $100 based on the research report published on April 16, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see ALAB reach a price target of $81. The rating they have provided for ALAB stocks is “Buy” according to the report published on April 15th, 2024.
ROTH MKM gave a rating of “Buy” to ALAB, setting the target price at $85 in the report published on April 15th of the current year.
ALAB Trading at -14.34% from the 50-Day Moving Average
After a stumble in the market that brought ALAB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -55.75% of loss for the given period.
Volatility was left at 9.81%, however, over the last 30 days, the volatility rate increased by 8.61%, as shares surge +1.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.10% lower at present.
During the last 5 trading sessions, ALAB rose by +2.67%, in comparison to the 20-day moving average, which settled at $41.63. In addition, Astera Labs Inc. saw -32.08% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALAB starting from Speiser Michael L, who proposed sale 83,317 shares at the price of $48.47 back on Aug 29 ’24. After this action, Speiser Michael L now owns shares of Astera Labs Inc., valued at $4,038,193 using the latest closing price.
TATE 1997 LIVING TRUST U/ADTD, the Officer of Astera Labs Inc., proposed sale 50,000 shares at $43.52 during a trade that took place back on Aug 29 ’24, which means that TATE 1997 LIVING TRUST U/ADTD is holding shares at $2,176,000 based on the most recent closing price.
Stock Fundamentals for ALAB
Current profitability levels for the company are sitting at:
- -0.44 for the present operating margin
- 0.77 for the gross margin
The net margin for Astera Labs Inc. stands at -0.39. The total capital return value is set at -0.12. Equity return is now at value -16.05, with -12.87 for asset returns.
Based on Astera Labs Inc. (ALAB), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 4.92.
Currently, EBITDA for the company is -27.72 million with net debt to EBITDA at 4.4. When we switch over and look at the enterprise to sales, we see a ratio of 27.12. The receivables turnover for the company is 10.32for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 13.91.
Conclusion
In a nutshell, Astera Labs Inc. (ALAB) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
