Currently, there are 158.56M common shares owned by the public and among those 116.45M shares have been available to trade.
The company’s stock has a 5-day price change of -37.61% and 22.65% over the past three months. It has a 12-month low price of $36.22 and touched a high of $147.39 over the same period. ALAB has an average intraday trading volume of 4.94 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -35.73%, -30.13%, and 11.48% respectively.
Institutional ownership of Astera Labs Inc (NASDAQ: ALAB) shares accounts for 47.56% of the company’s 158.56M shares outstanding.
It has a market capitalization of $13.19B. The earnings-per-share (ttm) stands at -$0.60. Price movements for the stock have been influenced by the stock’s volatility, which stands at 13.63% over the week and 7.61% over the month.
Earnings per share for the fiscal year are expected to increase by 701.35%, and 61.32% over the next financial year.
Looking at the support for the ALAB, a number of firms have released research notes about the stock. Morgan Stanley stated their Equal-Weight rating for the stock in a research note on January 21, 2025, with the firm’s price target at $142. Northland Capital coverage for the Astera Labs Inc (ALAB) stock in a research note released on January 02, 2025 offered a Market Perform rating with a price target of $120. Citigroup was of a view on November 18, 2024 that the stock is Buy, while Morgan Stanley gave the stock Overweight rating on September 04, 2024, issuing a price target of $55. Evercore ISI on their part issued Outperform rating on April 16, 2024.
