At the time of writing, Astera Labs Inc. [ALAB] stock is trading at $52.96, up 0.78%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ALAB shares have gain 4.50% over the last week, with a monthly amount glided 39.26%, 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.
For the past year, the stock price of Astera Labs Inc. fluctuated between $36.22 and $95.21. 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 $52.96 at the most recent close of the market. An investor can expect a potential return of 38.9% based on the average ALAB price forecast.
Analyzing the ALAB fundamentals
According to Astera Labs Inc. [NASDAQ:ALAB], the company’s sales were 229.55M for trailing twelve months, which represents an 619.03% jump. 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 -0.15 and Total Capital is -0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 51.78 points at the first support level, and at 50.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.92, and for the 2nd resistance point, it is at 54.87.
Ratios To Look Out For
It is important to note that Astera Labs Inc. [NASDAQ:ALAB] has a current ratio of 13.91. In addition, the Quick Ratio stands at 13.46 and the Cash Ratio stands at 6.57. Considering the valuation of this stock, the price to sales ratio is 36.14, the price to book ratio is 9.82.
Transactions by insiders
Recent insider trading involved Mohan Jitendra, Chief Executive Officer, that happened on Oct 01 ’24 when 81818.0 shares were sold. CEO, Director, Jitendra Mohan completed a deal on Oct 01 ’24 to buy 0.25 million shares. Meanwhile, Director LAZAR JACK R sold 25000.0 shares on Sep 23 ’24.
