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The price of Astera Labs Inc. (NASDAQ: ALAB) closed at $51.17 in the last session, up 0.93% from day before closing price of $50.70. In other words, the price has increased by $0.93 from its previous closing price. On the day, 1.69 million shares were traded. ALAB stock price reached its highest trading level at $51.572 during the session, while it also had its lowest trading level at $50.05.
Ratios:
We take a closer look at ALAB’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 20 ’24 when ALBA MANUEL sold 63,000 shares for $50.00 per share. The transaction valued at 3,150,097 led to the insider holds 506,863 shares of the business.
ALBA MANUEL sold 37,000 shares of ALAB for $1,861,714 on Sep 23 ’24. The Director now owns 498,863 shares after completing the transaction at $50.32 per share. On Sep 23 ’24, another insider, CASA ALAMEDA 2007, LLC, who serves as the Director of the company, bought 8,000 shares for $50.51 each.
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 8016138240 and an Enterprise Value of 7187261952. For the stock, the TTM Price-to-Sale (P/S) ratio is 34.92 while its Price-to-Book (P/B) ratio in mrq is 9.48. Its current Enterprise Value per Revenue stands at 31.31 whereas that against EBITDA is -73.398.
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 15.25%, while the 200-Day Moving Average is calculated to be -13.46%.
Shares Statistics:
According to the various share statistics, ALAB traded on average about 2.68M shares per day over the past 3-months and 3706150 shares per day over the past 10 days. A total of 155.47M shares are outstanding, with a floating share count of 110.08M. Insiders hold about 29.73% of the company’s shares, while institutions hold 32.09% stake in the company. Shares short for ALAB as of 1724976000 were 11491954 with a Short Ratio of 4.29, compared to 1722384000 on 10371883. Therefore, it implies a Short% of Shares Outstanding of 11491954 and a Short% of Float of 10.569999.
