Astera Labs Inc [ALAB] stock prices are up 37.70% to $95.91 at the moment. 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 29.49% over the last week, with a monthly amount glided 82.51%, 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 $85 within the next 12 months. Astera Labs Inc [NASDAQ: ALAB] shares were valued at $95.91 at the most recent close of the market. An investor can expect a potential drop of -11.38% based on the average ALAB price forecast.
Analyzing the ALAB fundamentals
The Astera Labs Inc [NASDAQ:ALAB] reported sales of 305.71M for trailing twelve months, representing a surge of 206.23%. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at -0.35%, Pretax Profit Margin comes in at -0.27%, and Net Profit Margin reading is -0.31%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.14 and Total Capital is -0.12.
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 87.56 points at the first support level, and at 79.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 100.80, and for the 2nd resistance point, it is at 105.70.
Ratios To Look Out For
It’s worth pointing out that Astera Labs Inc [NASDAQ:ALAB]’s Current Ratio is 10.74. As well, the Quick Ratio is 10.46, while the Cash Ratio is 1.43. Considering the valuation of this stock, the price to sales ratio is 49.15, the price to book ratio is 17.78.
Transactions by insiders
Recent insider trading involved Gajendra Sanjay, that happened on Oct 11 ’24 when 0.11 million shares were sold. Chief Executive Officer, Mohan Jitendra completed a deal on Oct 11 ’24 to sell 47667.0 shares. Meanwhile, Director LAZAR JACK R sold 2000.0 shares on Oct 11 ’24.
