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As of close of business last night, Astera Labs Inc.’s stock clocked out at $66.87, up 1.33% from its previous closing price of $65.99. In other words, the price has increased by $1.33 from its previous closing price. On the day, 2.45 million shares were traded. ALAB stock price reached its highest trading level at $68.7399 during the session, while it also had its lowest trading level at $66.25.
Ratios:
To gain a deeper understanding of ALAB’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 13.46 and its Current Ratio is at 13.91. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
On April 16, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $100.
On April 15, 2024, Stifel started tracking the stock assigning a Buy rating and target price of $81.Stifel initiated its Buy rating on April 15, 2024, with a $81 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Oct 11 ’24 when Gajendra Sanjay sold 110,000 shares for $69.47 per share. The transaction valued at 7,641,183 led to the insider holds 835,000 shares of the business.
Mohan Jitendra sold 47,667 shares of ALAB for $3,348,993 on Oct 11 ’24. The Chief Executive Officer now owns 728,420 shares after completing the transaction at $70.26 per share. On Oct 11 ’24, another insider, LAZAR JACK R, who serves as the Director of the company, sold 2,000 shares for $69.95 each. As a result, the insider received 139,900 and left with 135,000 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 10475653120 and an Enterprise Value of 9646772224. For the stock, the TTM Price-to-Sale (P/S) ratio is 45.64 while its Price-to-Book (P/B) ratio in mrq is 12.39. Its current Enterprise Value per Revenue stands at 42.025 whereas that against EBITDA is -98.515.
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 $36.22. The 50-Day Moving Average of the stock is 38.66%, while the 200-Day Moving Average is calculated to be 13.50%.
Shares Statistics:
It appears that ALAB traded 3.37M shares on average per day over the past three months and 5087260 shares per day over the past ten days. A total of 155.47M shares are outstanding, with a floating share count of 113.06M. Insiders hold about 27.83% of the company’s shares, while institutions hold 32.11% stake in the company. Shares short for ALAB as of 1727654400 were 11097221 with a Short Ratio of 3.29, compared to 1724976000 on 11491954. Therefore, it implies a Short% of Shares Outstanding of 11097221 and a Short% of Float of 10.209999999999999.
