There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 5 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for ALAB is 115.77M and currently, short sellers hold a 9.19% ratio of that float. The average trading volume of ALAB on November 18, 2024 was 4.29M shares.
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ALAB) stock’s latest price update
Astera Labs Inc (NASDAQ: ALAB)’s stock price has gone rise by 3.29 in comparison to its previous close of 86.45, however, the company has experienced a -3.21% decrease in its stock price over the last five trading days. marketbeat.com reported 2024-11-12 that Every earnings season has its share of outperformers, companies that report blowout quarters and raise their forecasts. The market reacts quickly sending shares sharply higher.
ALAB’s Market Performance
Astera Labs Inc (ALAB) has seen a -3.21% fall in stock performance for the week, with a 33.53% gain in the past month and a 128.01% surge in the past quarter. The volatility ratio for the week is 6.76%, and the volatility levels for the past 30 days are at 6.30% for ALAB. The simple moving average for the last 20 days is 9.13% for ALAB’s stock, with a simple moving average of 44.77% for the last 200 days.
Analysts’ Opinion of ALAB
Morgan Stanley, on the other hand, stated in their research note that they expect to see ALAB reach a price target of $55. The rating they have provided for ALAB stocks is “Overweight” according to the report published on September 04th, 2024.
Evercore ISI gave a rating of “Outperform” to ALAB, setting the target price at $100 in the report published on April 16th of the current year.
ALAB Trading at 37.57% 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 -10.79% of loss for the given period.
Volatility was left at 6.30%, however, over the last 30 days, the volatility rate increased by 6.76%, as shares surge +33.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +135.13% upper at present.
During the last 5 trading sessions, ALAB fell by -3.07%, in comparison to the 20-day moving average, which settled at $81.82. In addition, Astera Labs Inc saw 43.95% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALAB starting from LAZAR JACK R, who proposed sale 12,500 shares at the price of $87.00 back on Nov 15 ’24. After this action, LAZAR JACK R now owns shares of Astera Labs Inc, valued at $1,087,500 using the latest closing price.
Dyckerhoff Stefan A, the Director of Astera Labs Inc, sale 50,000 shares at $92.03 during a trade that took place back on Nov 11 ’24, which means that Dyckerhoff Stefan A is holding 396,879 shares at $4,601,515 based on the most recent closing price.
Stock Fundamentals for ALAB
Current profitability levels for the company are sitting at:
- -0.35 for the present operating margin
- 0.78 for the gross margin
The net margin for Astera Labs Inc stands at -0.31. The total capital return value is set at -0.12. Equity return is now at value -16.05, with -12.87 for asset returns.
Currently, EBITDA for the company is -27.72 million with net debt to EBITDA at 1.36. When we switch over and look at the enterprise to sales, we see a ratio of 45.99. The receivables turnover for the company is 12.04for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 10.74.
Conclusion
In conclusion, Astera Labs Inc (ALAB) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
