Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
Astera Labs Inc (NASDAQ: ALAB) closed the day trading at $115.55 down -6.61% from the previous closing price of $123.73. In other words, the price has decreased by -$6.61 from its previous closing price. On the day, 5.45 million shares were traded. ALAB stock price reached its highest trading level at $127.35 during the session, while it also had its lowest trading level at $113.42.
Ratios:
For a better understanding of ALAB, let’s look at 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.
On January 02, 2025, Northland Capital Downgraded its rating to Market Perform which previously was Outperform but kept the price unchanged to $120.
On November 18, 2024, Citigroup started tracking the stock assigning a Buy rating and target price of $120.Citigroup initiated its Buy rating on November 18, 2024, with a $120 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 18327502848 and an Enterprise Value of 17440684032. For the stock, the TTM Price-to-Sale (P/S) ratio is 59.95 while its Price-to-Book (P/B) ratio in mrq is 20.60. Its current Enterprise Value per Revenue stands at 57.05 whereas that against EBITDA is -166.944.
Stock Price History:
Over the past 52 weeks, ALAB has reached a high of $147.39, while it has fallen to a 52-week low of $36.22. The 50-Day Moving Average of the stock is -3.06%, while the 200-Day Moving Average is calculated to be 55.05%.
Shares Statistics:
Over the past 3-months, ALAB traded about 4.90M shares per day on average, while over the past 10 days, ALAB traded about 4091060 shares per day. A total of 158.56M shares are outstanding, with a floating share count of 116.41M. Insiders hold about 26.61% of the company’s shares, while institutions hold 47.56% stake in the company. Shares short for ALAB as of 1735603200 were 10061804 with a Short Ratio of 2.05, compared to 1732838400 on 8341303. Therefore, it implies a Short% of Shares Outstanding of 10061804 and a Short% of Float of 9.090000400000001.
