At the time of writing, Astera Labs Inc [ALAB] stock is trading at $102.28, down -1.77%. An important factor to consider is whether the stock is rising or falling in short-term value. The ALAB shares have gain 18.31% over the last week, with a monthly amount glided 45.49%, 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 November 18, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $120. Previously, Morgan Stanley upgraded its rating to Overweight on September 04, 2024, and kept the price target unchanged to $55. On April 16, 2024, Evercore ISI initiated with a Outperform rating and assigned a price target of $100 on the stock. Stifel started tracking the stock assigning a Buy rating and suggested a price target of $81 on April 15, 2024. ROTH MKM initiated its recommendation with a Buy and recommended $85 as its price target on April 15, 2024. Needham started tracking with a Buy rating for this stock on April 15, 2024, and assigned it a price target of $85. In a note dated April 15, 2024, Morgan Stanley initiated an Overweight rating and provided a target price of $81 on this stock.
For the past year, the stock price of Astera Labs Inc fluctuated between $36.22 and $108.37. Currently, Wall Street analysts expect the stock to reach $88.63 within the next 12 months. Astera Labs Inc [NASDAQ: ALAB] shares were valued at $102.28 at the most recent close of the market. An investor can expect a potential drop of -13.35% based on the average ALAB price forecast.
Analyzing the ALAB fundamentals
According to Astera Labs Inc [NASDAQ:ALAB], the company’s sales were 305.71M for trailing twelve months, which represents an 206.23% jump. 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 99.82 points at the first support level, and at 97.35 for the second support level. However, for the 1st resistance point, the stock is sitting at 106.93, and for the 2nd resistance point, it is at 111.57.
Ratios To Look Out For
It is important to note that Astera Labs Inc [NASDAQ:ALAB] has a current ratio of 10.74. On the other hand, the Quick Ratio is 10.46, and the Cash Ratio is 1.43. Considering the valuation of this stock, the price to sales ratio is 52.13, the price to book ratio is 18.23.
Transactions by insiders
Recent insider trading involved Dyckerhoff Stefan A, Affiliate, that happened on Nov 22 ’24 when 30000.0 shares were purchased. General Counsel and Secretary, Mazzara Philip completed a deal on Nov 18 ’24 to sell 2513.0 shares. Meanwhile, Chief Financial Officer Tate Michael Truett sold 7398.0 shares on Nov 18 ’24.
