Astera Labs Inc. [ALAB] stock is trading at $66.69, up 0.88%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALAB shares have gain 27.42% over the last week, with a monthly amount glided 61.24%, 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.
Astera Labs Inc. [ALAB] stock has fluctuated between $36.22 and $95.21 over the past year. Currently, Wall Street analysts expect the stock to reach $75.94 within the next 12 months. Astera Labs Inc. [NASDAQ: ALAB] shares were valued at $66.69 at the most recent close of the market. An investor can expect a potential return of 13.87% based on the average ALAB price forecast.
Analyzing the ALAB fundamentals
Astera Labs Inc. [NASDAQ:ALAB] reported sales of 229.55M for the trailing twelve months, which represents a growth 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 -0.15 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 64.42 points at the first support level, and at 62.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.85, and for the 2nd resistance point, it is at 73.01.
Ratios To Look Out For
For context, Astera Labs Inc.’s Current Ratio is 13.91. On the other hand, the Quick Ratio is 13.46, and the Cash Ratio is 6.57. Considering the valuation of this stock, the price to sales ratio is 45.51, the price to book ratio is 12.36.
Transactions by insiders
Recent insider trading involved SN2021 IRREVOCABLE TRUST U/A D, Director, that happened on Oct 11 ’24 when 60000.0 shares were purchased. Director, RN2021 IRREVOCABLE TRUST U/A D completed a deal on Oct 11 ’24 to buy 60000.0 shares. Meanwhile, Director NAVAD TRUST U/A DTD 11/01/201 bought 0.27 million shares on Oct 11 ’24.
