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.”
The public float for ALAB is 112.69M, and currently, short sellers hold a 8.73% ratio of that floaft. The average trading volume of ALAB on October 02, 2024 was 2.77M shares.
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ALAB) stock’s latest price update
The stock of Astera Labs Inc. (NASDAQ: ALAB) has decreased by -3.26 when compared to last closing price of 52.39.Despite this, the company has seen a loss of -0.96% in its stock price over the last five trading days. zacks.com reported 2024-09-12 that In the closing of the recent trading day, Astera Labs, Inc. (ALAB) stood at $41.36, denoting a -1.45% change from the preceding trading day.
ALAB’s Market Performance
Astera Labs Inc. (ALAB) has experienced a -0.96% fall in stock performance for the past week, with a 17.70% rise in the past month, and a -16.23% drop in the past quarter. The volatility ratio for the week is 4.90%, and the volatility levels for the past 30 days are at 5.60% for ALAB. The simple moving average for the last 20 days is 10.84% for ALAB’s stock, with a simple moving average of -13.95% for the last 200 days.
Analysts’ Opinion of ALAB
Many brokerage firms have already submitted their reports for ALAB stocks, with Morgan Stanley repeating the rating for ALAB by listing it as a “Overweight.” The predicted price for ALAB in the upcoming period, according to Morgan Stanley is $55 based on the research report published on September 04, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see ALAB reach a price target of $100. The rating they have provided for ALAB stocks is “Outperform” according to the report published on April 16th, 2024.
Stifel gave a rating of “Buy” to ALAB, setting the target price at $81 in the report published on April 15th of the current year.
ALAB Trading at 14.71% 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 -46.77% of loss for the given period.
Volatility was left at 5.60%, however, over the last 30 days, the volatility rate increased by 4.90%, as shares surge +29.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.31% lower at present.
During the last 5 trading sessions, ALAB fell by -0.96%, in comparison to the 20-day moving average, which settled at $46.30. In addition, Astera Labs Inc. saw -18.30% 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 Jitendra Mohan, who proposed sale 245,454 shares at the price of $52.71 back on Oct 01 ’24. After this action, Jitendra Mohan now owns shares of Astera Labs Inc., valued at $12,937,880 using the latest closing price.
LAZAR JACK R, the Director of Astera Labs Inc., sale 25,000 shares at $50.72 during a trade that took place back on Sep 23 ’24, which means that LAZAR JACK R is holding 140,000 shares at $1,268,040 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 32.76. 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 bad 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.
