Astera Labs Inc. [NASDAQ: ALAB] surged by $0.11 during the normal trading session on while it closed the day at $46.44.
The market cap for ALAB stock reached $7.28 billion, with 155.47 million shares outstanding and 112.70 million shares in the current float. Compared to the average trading volume of 2.52M shares, ALAB reached a trading volume of 5904610 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here’s what leading stock market gurus have to say about Astera Labs Inc. [ALAB]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALAB shares is $67.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALAB stock is a recommendation set at 1.17. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for Astera Labs Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 04, 2024. While these analysts kept the previous recommendation, Evercore ISI raised their target price to Outperform. The new note on the price target was released on April 16, 2024, representing the official price target for Astera Labs Inc. stock. Previously, the target price had yet another raise to $81, while Stifel analysts kept a Buy rating on ALAB stock.
The Average True Range (ATR) for Astera Labs Inc. is set at 3.10, with the Price to Sales ratio for ALAB stock in the period of the last 12 months amounting to 31.69. The Price to Book ratio for the last quarter was 8.61, with the Price to Cash per share for the same quarter was set at 5.30.
ALAB stock trade performance evaluation
Astera Labs Inc. [ALAB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.65.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ALAB stock in for the last two-week period is set at 56.82, with the RSI for the last a single of trading hit 63.27, and the three-weeks RSI is set at 52.67 for Astera Labs Inc. [ALAB]. The present Moving Average for the last 50 days of trading for this stock 44.79, while it was recorded at 44.29 for the last single week of trading.
Astera Labs Inc. [ALAB]: An insightful look at the core fundamentals
Astera Labs Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 13.46 and a Current Ratio set at 13.91.
Earnings per share (EPS) analysis for Astera Labs Inc. [ALAB] stock
With the latest financial reports released by the company, Astera Labs Inc. posted 0.1/share EPS, while the average EPS was predicted by analysts to be reported at 0.04/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.06. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ALAB.
Astera Labs Inc. [ALAB]: Institutional Ownership
There are presently around $43.80%, or 53.31%% of ALAB stock, in the hands of institutional investors.
