Beyond market averages, investors seeking exceptional growth focus on the art of stock selection. The right picks can significantly contribute to the expansion of your wealth.
The price of Astera Labs Inc (NASDAQ: ALAB) closed at $143.64 in the last session, up 1.92% from day before closing price of $140.93. In other words, the price has increased by $1.92 from its previous closing price. On the day, 3.23 million shares were traded. ALAB stock price reached its highest trading level at $147.39 during the session, while it also had its lowest trading level at $140.37.
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 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 November 18, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $120.
Morgan Stanley Upgraded its Equal-Weight to Overweight on September 04, 2024, while the target price for the stock was maintained at $55.
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 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 22782885888 and an Enterprise Value of 21896060928. For the stock, the TTM Price-to-Sale (P/S) ratio is 78.01 while its Price-to-Book (P/B) ratio in mrq is 25.60. Its current Enterprise Value per Revenue stands at 71.624 whereas that against EBITDA is -209.592.
Stock Price History:
Over the past 52 weeks, ALAB has reached a high of $147.36, while it has fallen to a 52-week low of $36.22. The 50-Day Moving Average of the stock is 33.13%, while the 200-Day Moving Average is calculated to be 101.52%.
Shares Statistics:
According to the various share statistics, ALAB traded on average about 5.01M shares per day over the past 3-months and 4268680 shares per day over the past 10 days. A total of 158.56M shares are outstanding, with a floating share count of 116.16M. Insiders hold about 26.77% of the company’s shares, while institutions hold 46.18% stake in the company. Shares short for ALAB as of 1734048000 were 8044507 with a Short Ratio of 1.61, compared to 1731628800 on 8909518. Therefore, it implies a Short% of Shares Outstanding of 8044507 and a Short% of Float of 7.2700000000000005.
