Astera Labs Inc. [ALAB] stock prices are up 7.17% to $50.51 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ALAB shares have gain 16.25% over the last week, with a monthly amount glided 24.23%, and 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 September 04, 2024, when Morgan Stanley upgraded its rating to a Overweight but kept the price target unchanged to $55 for it. Previously, Evercore ISI started tracking the stock with Outperform rating on April 16, 2024, and set its price target to $100. On April 15, 2024, Stifel initiated with a Buy rating and assigned a price target of $81 on the stock. ROTH MKM started tracking the stock assigning a Buy rating and suggested a price target of $85 on April 15, 2024. Needham initiated its recommendation with a Buy and recommended $85 as its price target on April 15, 2024. Morgan Stanley started tracking with a Overweight rating for this stock on April 15, 2024, and assigned it a price target of $81. In a note dated April 15, 2024, JP Morgan initiated an Overweight rating and provided a target price of $85 on this stock.
The stock price of Astera Labs Inc. [ALAB] has been fluctuating between $36.22 and $95.21 over the past year. Currently, Wall Street analysts expect the stock to reach $73.56 within the next 12 months. Astera Labs Inc. [NASDAQ: ALAB] shares were valued at $50.51 at the most recent close of the market. An investor can expect a potential return of 45.63% based on the average ALAB price forecast.
Analyzing the ALAB fundamentals
The Astera Labs Inc. [NASDAQ:ALAB] reported sales of 229.55M for trailing twelve months, representing a surge of 619.03%. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at -0.44%, Pretax Profit Margin comes in at -0.37%, and Net Profit Margin reading is -0.39%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.18 and Total Capital is -0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 48.11 points at the first support level, and at 45.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.80, and for the 2nd resistance point, it is at 53.09.
Ratios To Look Out For
It’s worth pointing out that Astera Labs Inc. [NASDAQ:ALAB]’s Current Ratio is 13.91. Further, the Quick Ratio stands at 13.46, while the Cash Ratio is 6.57. Considering the valuation of this stock, the price to sales ratio is 34.47, the price to book ratio is 9.36.
Transactions by insiders
Recent insider trading involved CASA ALAMEDA 2007, LLC, Director, that happened on Sep 20 ’24 when 12000.0 shares were purchased. Director, ALBA 2003 LIVING TRUST U/ADTD completed a deal on Sep 20 ’24 to buy 80000.0 shares. Meanwhile, Director MANUEL ALBA-MARQUEZ TTEEMAR 20 bought 90000.0 shares on Sep 20 ’24.
