The stock of Astera Labs Inc (ALAB) has gone up by 8.85% for the week, with a 50.11% rise in the past month and a 186.70% rise in the past quarter. The volatility ratio for the week is 5.57%, and the volatility levels for the past 30 days are 6.33% for ALAB. The simple moving average for the past 20 days is 19.37% for ALAB’s stock, with a 98.83% simple moving average for the past 200 days.
Is It Worth Investing in Astera Labs Inc (NASDAQ: ALAB) Right Now?
There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 5 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ALAB is 116.11M and currently, short sellers hold a 7.18% ratio of that float. The average trading volume of ALAB on December 16, 2024 was 4.73M shares.
ALAB) stock’s latest price update
Astera Labs Inc (NASDAQ: ALAB)’s stock price has soared by 0.52 in relation to previous closing price of 132.14. Nevertheless, the company has seen a gain of 8.85% in its stock price over the last five trading days. seekingalpha.com reported 2024-12-16 that Astera Labs is poised for growth due to increasing demand for AI and cloud infrastructure, driven by hyperscalers’ investments in AI chips and ASICs. The company’s expanding portfolio, including the Scorpio P-series and X-series switches, and strategic partnerships with NVIDIA, AMD, Micron, and Intel, bolster its market position. ALAB’s TAM is projected to grow from $17.2 billion in 2023 to $27.4 billion in 2027, with expected robust topline growth and margin expansion.
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 48.74% 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 able to rebound, for now settling with 0.11% of gains for the given period.
Volatility was left at 6.33%, however, over the last 30 days, the volatility rate increased by 5.57%, as shares surge +53.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +152.94% upper at present.
During the last 5 trading sessions, ALAB rose by +8.49%, in comparison to the 20-day moving average, which settled at $111.25. In addition, Astera Labs Inc saw 114.14% 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 Michael Truett, who sale 16,000 shares at the price of $117.84 back on Dec 04 ’24. After this action, Tate Michael Truett now owns 1,412,888 shares of Astera Labs Inc, valued at $1,885,472 using the latest closing price.
ALBA MANUEL, the Director of Astera Labs Inc, sale 11,000 shares at $117.50 during a trade that took place back on Dec 04 ’24, which means that ALBA MANUEL is holding 456,863 shares at $1,292,531 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 67.71. 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.
