Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
After finishing at $70.92 in the prior trading day, Astera Labs Inc. (NASDAQ: ALAB) closed at $64.49, down -9.07%. In other words, the price has decreased by -$9.07 from its previous closing price. On the day, 4.0 million shares were traded. ALAB stock price reached its highest trading level at $69.7 during the session, while it also had its lowest trading level at $60.21.
Ratios:
Our goal is to gain a better understanding of ALAB by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.61 and its Current Ratio is at 5.30. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Evercore ISI on April 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $100.
On April 15, 2024, Stifel started tracking the stock assigning a Buy rating and target price of $81.
On April 15, 2024, ROTH MKM started tracking the stock assigning a Buy rating and target price of $85.ROTH MKM initiated its Buy rating on April 15, 2024, with a $85 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 22 ’24 when HURLSTON MICHAEL E. bought 21,747 shares for $36.00 per share. The transaction valued at 782,892 led to the insider holds 121,747 shares of the business.
LAZAR JACK R bought 10,000 shares of ALAB for $360,000 on Mar 22 ’24. The Director now owns 165,000 shares after completing the transaction at $36.00 per share. On Mar 22 ’24, another insider, ALBA MANUEL, who serves as the Director of the company, bought 5,000 shares for $36.00 each. As a result, the insider paid 180,000 and bolstered with 5,000 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ALAB now has a Market Capitalization of 9834918912. For the stock, the TTM Price-to-Sale (P/S) ratio is 84.94.
Stock Price History:
Over the past 52 weeks, ALAB has reached a high of $95.21, while it has fallen to a 52-week low of $50.61. The 50-Day Moving Average of the stock is -10.92%, while the 200-Day Moving Average is calculated to be -10.92%.
Shares Statistics:
The stock has traded on average 3.91M shares per day over the past 3-months and 1837490 shares per day over the last 10 days, according to various share statistics. A total of 152.50M shares are outstanding, with a floating share count of 103.69M. Insiders hold about 32.01% of the company’s shares, while institutions hold 7.63% stake in the company. Therefore, it implies a Short% of Shares Outstanding of 3178352 and a Short% of Float of 3.04.
Earnings Estimates
The current rating of Astera Labs Inc. (ALAB) reflects the combined expertise of Albemarle Corporation analysts actively engaged in assessing its market performance.The consensus estimate for the next quarter is $20.70, with high estimates of $64.49 and low estimates of $115.19.
