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The closing price of Astera Labs Inc (NASDAQ: ALAB) was $99.60 for the day, down -5.57% from the previous closing price of $105.48. In other words, the price has decreased by -$5.57 from its previous closing price. On the day, 5.21 million shares were traded. ALAB stock price reached its highest trading level at $105.87 during the session, while it also had its lowest trading level at $96.79.
Ratios:
Our analysis of ALAB’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 25 ’24 when Mohan Jitendra sold 173,366 shares for $110.12 per share. The transaction valued at 19,091,428 led to the insider holds 600,000 shares of the business.
MICHAEL HURLSTON bought 69,953 shares of ALAB for $7,378,642 on Nov 27 ’24. On Nov 22 ’24, another insider, Dyckerhoff Stefan A, who serves as the Director of the company, sold 30,000 shares for $105.90 each. As a result, the insider received 3,177,053 and left with 3,765 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 15797656576 and an Enterprise Value of 14910839808. For the stock, the TTM Price-to-Sale (P/S) ratio is 48.79 while its Price-to-Book (P/B) ratio in mrq is 17.75. Its current Enterprise Value per Revenue stands at 48.775 whereas that against EBITDA is -142.728.
Stock Price History:
Over the past 52 weeks, ALAB has reached a high of $113.85, while it has fallen to a 52-week low of $36.22. The 50-Day Moving Average of the stock is 36.21%, while the 200-Day Moving Average is calculated to be 57.42%.
Shares Statistics:
ALAB traded an average of 4.67M shares per day over the past three months and 5437950 shares per day over the past ten days. A total of 155.47M shares are outstanding, with a floating share count of 114.91M. Insiders hold about 27.56% of the company’s shares, while institutions hold 46.16% stake in the company. Shares short for ALAB as of 1731628800 were 8909518 with a Short Ratio of 1.91, compared to 1728950400 on 10327930. Therefore, it implies a Short% of Shares Outstanding of 8909518 and a Short% of Float of 8.05.
