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The price of Astera Labs Inc (NASDAQ: ALAB) closed at $103.39 in the last session, up 0.14% from day before closing price of $103.25. In other words, the price has increased by $0.14 from its previous closing price. On the day, 3.19 million shares were traded. ALAB stock price reached its highest trading level at $105.02 during the session, while it also had its lowest trading level at $100.84.
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.
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:
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 02 ’24 when TATE 1997 LIVING TRUST U/ADTD bought 350,000 shares for $103.25 per share.
MAR 2011 CHILDRENS TRUST U/A D bought 130,000 shares of ALAB for $13,422,500 on Dec 02 ’24. On Dec 02 ’24, another insider, ALBA 2003 LIVING TRUST U/ADTD , who serves as the Director of the company, bought 110,000 shares for $103.25 each.
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 16398791680 and an Enterprise Value of 15511974912. For the stock, the TTM Price-to-Sale (P/S) ratio is 55.61 while its Price-to-Book (P/B) ratio in mrq is 18.43. Its current Enterprise Value per Revenue stands at 50.741 whereas that against EBITDA is -148.483.
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 37.30%, while the 200-Day Moving Average is calculated to be 62.26%.
Shares Statistics:
According to the various share statistics, ALAB traded on average about 4.63M shares per day over the past 3-months and 5537260 shares per day over the past 10 days. A total of 158.56M shares are outstanding, with a floating share count of 115.00M. Insiders hold about 27.61% 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 1.93, compared to 1728950400 on 10327930. Therefore, it implies a Short% of Shares Outstanding of 8909518 and a Short% of Float of 8.05.
