At the time of writing, Astera Labs Inc. [ALAB] stock is trading at $59.35, down -1.89%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ALAB shares have gain 6.75% over the last week, with a monthly amount drifted -6.70%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Astera Labs Inc. [NASDAQ: ALAB] stock has seen the most recent analyst activity on April 16, 2024, when Evercore ISI initiated its Outperform rating and assigned the stock a price target of $100. Previously, Stifel started tracking the stock with Buy rating on April 15, 2024, and set its price target to $81. On April 15, 2024, ROTH MKM initiated with a Buy rating and assigned a price target of $85 on the stock. Needham started tracking the stock assigning a Buy rating and suggested a price target of $85 on April 15, 2024. Morgan Stanley initiated its recommendation with a Overweight and recommended $81 as its price target on April 15, 2024. JP Morgan started tracking with a Overweight rating for this stock on April 15, 2024, and assigned it a price target of $85. In a note dated April 15, 2024, Jefferies initiated an Buy rating and provided a target price of $85 on this stock.
For the past year, the stock price of Astera Labs Inc. fluctuated between $50.61 and $95.21. Currently, Wall Street analysts expect the stock to reach $86.5 within the next 12 months. Astera Labs Inc. [NASDAQ: ALAB] shares were valued at $59.35 at the most recent close of the market. An investor can expect a potential return of 45.75% based on the average ALAB price forecast.
Analyzing the ALAB fundamentals
According to Astera Labs Inc. [NASDAQ:ALAB], the company’s sales were 163.39M for trailing twelve months, which represents an 269.44% jump.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 58.03 points at the first support level, and at 56.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.73, and for the 2nd resistance point, it is at 62.13.
Ratios To Look Out For
It is important to note that Astera Labs Inc. [NASDAQ:ALAB] has a current ratio of 18.74. As well, the Quick Ratio is 18.09. Considering the valuation of this stock, the price to sales ratio is 56.48, the price to book ratio is 11.41.
Transactions by insiders
Recent insider trading involved Mazzara Philip, General Counsel and Secretary, that happened on May 16 ’24 when 266.0 shares were sold. Director, HURLSTON MICHAEL E. completed a deal on Mar 22 ’24 to buy 21747.0 shares. Meanwhile, Director LAZAR JACK R bought 10000.0 shares on Mar 22 ’24.
