Astera Labs Inc [ALAB] stock prices are up 12.69% to $116.51 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 8.57% over the last week, with a monthly amount glided 60.37%, 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.
The stock price of Astera Labs Inc [ALAB] has been fluctuating between $36.22 and $113.85 over the past year. 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 $116.51 at the most recent close of the market. An investor can expect a potential drop of -23.93% 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 108.71 points at the first support level, and at 100.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 120.78, and for the 2nd resistance point, it is at 125.06.
Ratios To Look Out For
It’s worth pointing out that Astera Labs Inc [NASDAQ:ALAB]’s Current Ratio is 10.74. Further, the Quick Ratio stands at 10.46, while the Cash Ratio is 1.43. Considering the valuation of this stock, the price to sales ratio is 60.45, the price to book ratio is 20.77.
Transactions by insiders
Recent insider trading involved TATE 1997 LIVING TRUST U/ADTD, Officer, that happened on Dec 02 ’24 when 0.35 million shares were purchased. Director, MAR 2011 CHILDRENS TRUST U/A D completed a deal on Dec 02 ’24 to buy 0.13 million shares. Meanwhile, Director ALBA 2003 LIVING TRUST U/ADTD bought 0.11 million shares on Dec 02 ’24.
