Astera Labs Inc. (ALAB) concluded trading on Wednesday at a closing price of $74.83, with 3.95 million shares of worth about $295.72 million changed hands on the day. On May 01, 2024 the price saw a loss of about -11.72%. Currently the company’s common shares owned by public are about 155.47M shares, out of which, 108.96M shares are available for trading.
Stock saw a price change of 5.41% in past 5 days and over the past one month there was a price change of 3.63%. Over the period of past 52 weeks, stock dropped to lowest price of $50.61 but also hit the highest price of $95.21 during that period. The average intraday trading volume for Astera Labs Inc. shares is 3.46 million. The stock is currently trading 2.63% above its 20-day simple moving average (SMA20), while that difference is up 2.35% for SMA50 and it goes to 2.35% higher than SMA200.
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Astera Labs Inc. (NASDAQ: ALAB) currently have 155.47M outstanding shares and institutions hold larger chunk of about 7.54% of that.
The stock has a current market capitalization of $11.63B. It has posted earnings per share of -$0.17 in the same period. It has Quick Ratio of 4.61 while making debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ALAB, volatility over the week remained 11.14% while standing at 9.48% over the month.
Stock’s fiscal year EPS is expected to rise by 339.48% while it is estimated to increase by 94.35% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Evercore ISI on April 16, 2024 offering an Outperform rating for the stock and assigned a target price of $100 to it. Coverage by Stifel stated Astera Labs Inc. (ALAB) stock as a Buy in their note to investors on April 15, 2024, suggesting a price target of $81 for the stock. On April 15, 2024, ROTH MKM Initiated their recommendations, while on April 15, 2024, Needham Initiated their ratings for the stock with a price target of $85. Stock get an Overweight rating from Morgan Stanley on April 15, 2024.
