Astera Labs Inc (NASDAQ: ALAB) has seen a rise in its stock price by 0.14 in relation to its previous close of 103.25. However, the company has experienced a 1.09% gain in its stock price over the last five trading sessions. finbold.com reported 2024-11-26 that Without a doubt, Nvidia (NASDAQ: NVDA) has dominated the artificial intelligence (AI) chip market in 2024, boosting its stock to new highs. However, Astera Labs (NASDAQ: ALAB) has emerged as a formidable competitor, outperforming Nvidia in recent months.
Is It Worth Investing in Astera Labs Inc (NASDAQ: ALAB) Right Now?
Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for ALAB is 115.00M, and at present, short sellers hold a 7.75% of that float. On December 03, 2024, the average trading volume of ALAB was 4.63M shares.
ALAB’s Market Performance
ALAB’s stock has seen a 1.09% increase for the week, with a 47.36% rise in the past month and a 164.36% gain in the past quarter. The volatility ratio for the week is 6.77%, and the volatility levels for the past 30 days are at 7.41% for Astera Labs Inc The simple moving average for the past 20 days is 8.08% for ALAB’s stock, with a 62.26% simple moving average for the past 200 days.
Analysts’ Opinion of ALAB
Many brokerage firms have already submitted their reports for ALAB stocks, with Citigroup repeating the rating for ALAB by listing it as a “Buy.” The predicted price for ALAB in the upcoming period, according to Citigroup is $120 based on the research report published on November 18, 2024 of the current year 2024.
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 37.30% 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 -9.19% of loss for the given period.
Volatility was left at 7.41%, however, over the last 30 days, the volatility rate increased by 6.77%, as shares surge +42.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +104.69% upper at present.
During the last 5 trading sessions, ALAB rose by +1.09%, in comparison to the 20-day moving average, which settled at $95.66. In addition, Astera Labs Inc saw 66.68% 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 TATE 1997 LIVING TRUST U/ADTD, who proposed sale 350,000 shares at the price of $103.25 back on Dec 02 ’24. After this action, TATE 1997 LIVING TRUST U/ADTD now owns shares of Astera Labs Inc, valued at $36,137,500 using the latest closing price.
MAR 2011 CHILDRENS TRUST U/A D, the Director of Astera Labs Inc, proposed sale 130,000 shares at $103.25 during a trade that took place back on Dec 02 ’24, which means that MAR 2011 CHILDRENS TRUST U/A D is holding shares at $13,422,500 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 1.22. When we switch over and look at the enterprise to sales, we see a ratio of 53.23. 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
To sum up, Astera Labs Inc (ALAB) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
