The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
As of close of business last night, Astera Labs Inc’s stock clocked out at $127.94, down -1.95% from its previous closing price of $130.48. In other words, the price has decreased by -$1.95 from its previous closing price. On the day, 5.13 million shares were traded. ALAB stock price reached its highest trading level at $131.89 during the session, while it also had its lowest trading level at $124.51.
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 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.
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, Citigroup on November 18, 2024, initiated with a Buy rating and assigned the stock a target price of $120.
On September 04, 2024, Morgan Stanley Upgraded its rating to Overweight which previously was Equal-Weight but kept the price unchanged to $55.
On April 16, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $100.Evercore ISI initiated its Outperform rating on April 16, 2024, with a $100 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 Dec 04 ’24 when Tate Michael Truett sold 16,000 shares for $117.84 per share. The transaction valued at 1,885,472 led to the insider holds 1,412,888 shares of the business.
ALBA MANUEL sold 11,000 shares of ALAB for $1,292,531 on Dec 04 ’24. The Director now owns 456,863 shares after completing the transaction at $117.50 per share. On Dec 03 ’24, another insider, ALBA MANUEL, who serves as the Director of the company, sold 63,000 shares for $112.83 each. As a result, the insider received 7,108,446 and left with 459,863 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 20292691968 and an Enterprise Value of 19405871104. For the stock, the TTM Price-to-Sale (P/S) ratio is 66.38 while its Price-to-Book (P/B) ratio in mrq is 22.80. Its current Enterprise Value per Revenue stands at 63.478 whereas that against EBITDA is -185.755.
Stock Price History:
Over the past 52 weeks, ALAB has reached a high of $136.39, while it has fallen to a 52-week low of $36.22. The 50-Day Moving Average of the stock is 40.96%, while the 200-Day Moving Average is calculated to be 90.63%.
Shares Statistics:
It appears that ALAB traded 4.77M shares on average per day over the past three months and 4462200 shares per day over the past ten days. A total of 158.56M shares are outstanding, with a floating share count of 116.11M. Insiders hold about 26.80% of the company’s shares, while institutions hold 46.16% stake in the company. Shares short for ALAB as of 1732838400 were 8341303 with a Short Ratio of 1.75, compared to 1730332800 on 10641402. Therefore, it implies a Short% of Shares Outstanding of 8341303 and a Short% of Float of 7.539999999999999.
