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In the latest session, Astera Labs Inc (NASDAQ: ALAB) closed at $89.30 down -1.60% from its previous closing price of $90.75. In other words, the price has decreased by -$1.60 from its previous closing price. On the day, 3.16 million shares were traded. ALAB stock price reached its highest trading level at $94.0 during the session, while it also had its lowest trading level at $89.24.
Ratios:
For a deeper understanding of Astera Labs Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 10.46 and its Current Ratio is at 10.74. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Nov 11 ’24 when Dyckerhoff Stefan A sold 50,000 shares for $92.03 per share. The transaction valued at 4,601,515 led to the insider holds 396,879 shares of the business.
Mohan Jitendra sold 2,302 shares of ALAB for $230,218 on Nov 11 ’24. The Chief Executive Officer now owns 657,406 shares after completing the transaction at $100.01 per share. On Nov 07 ’24, another insider, ALBA MANUEL, who serves as the Director of the company, sold 63,000 shares for $97.20 each. As a result, the insider received 6,123,584 and left with 486,863 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 14386052096 and an Enterprise Value of 13277148160. For the stock, the TTM Price-to-Sale (P/S) ratio is 46.33 while its Price-to-Book (P/B) ratio in mrq is 15.92. Its current Enterprise Value per Revenue stands at 43.431 whereas that against EBITDA is -127.091.
Stock Price History:
Over the past 52 weeks, ALAB has reached a high of $100.09, while it has fallen to a 52-week low of $36.22. The 50-Day Moving Average of the stock is 44.00%, while the 200-Day Moving Average is calculated to be 45.92%.
Shares Statistics:
For the past three months, ALAB has traded an average of 4.28M shares per day and 7684920 over the past ten days. A total of 155.47M shares are outstanding, with a floating share count of 114.90M. Insiders hold about 27.56% of the company’s shares, while institutions hold 33.49% stake in the company. Shares short for ALAB as of 1730332800 were 10641402 with a Short Ratio of 2.49, compared to 1727654400 on 11097221. Therefore, it implies a Short% of Shares Outstanding of 10641402 and a Short% of Float of 9.609999499999999.
