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In the latest session, Astera Labs Inc. (NASDAQ: ALAB) closed at $52.55 up 0.40% from its previous closing price of $52.34. In other words, the price has increased by $0.40 from its previous closing price. On the day, 2.44 million shares were traded. ALAB stock price reached its highest trading level at $53.22 during the session, while it also had its lowest trading level at $51.14.
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 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:
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 Oct 01 ’24 when Mohan Jitendra sold 81,818 shares for $51.49 per share. The transaction valued at 4,213,079 led to the insider holds 736,364 shares of the business.
Jitendra Mohan bought 245,454 shares of ALAB for $12,937,880 on Oct 01 ’24. On Sep 23 ’24, another insider, LAZAR JACK R, who serves as the Director of the company, sold 25,000 shares for $50.72 each. As a result, the insider received 1,268,040 and left with 140,000 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 8232324608 and an Enterprise Value of 7403448320. For the stock, the TTM Price-to-Sale (P/S) ratio is 35.86 while its Price-to-Book (P/B) ratio in mrq is 9.74. Its current Enterprise Value per Revenue stands at 32.252 whereas that against EBITDA is -75.606.
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 18.81%, while the 200-Day Moving Average is calculated to be -10.41%.
Shares Statistics:
For the past three months, ALAB has traded an average of 2.82M shares per day and 2593390 over the past ten days. A total of 155.47M shares are outstanding, with a floating share count of 112.77M. Insiders hold about 28.01% of the company’s shares, while institutions hold 32.20% stake in the company. Shares short for ALAB as of 1726185600 were 9841595 with a Short Ratio of 3.49, compared to 1723680000 on 11466323. Therefore, it implies a Short% of Shares Outstanding of 9841595 and a Short% of Float of 9.0500005.
