Currently, Astera Labs Inc [ALAB] is trading at $120.40, up 4.99%. 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 16.61% over the last week, with a monthly amount glided 22.64%, 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.
This stock has fluctuated between a low of $36.22 and a high of $121.20 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $89.14 within the next 12 months. Astera Labs Inc [NASDAQ: ALAB] shares were valued at $120.40 at the most recent close of the market. An investor can expect a potential drop of -25.96% based on the average ALAB price forecast.
Analyzing the ALAB fundamentals
Trailing Twelve Months sales for Astera Labs Inc [NASDAQ:ALAB] were 305.71M which represents 206.23% growth. 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 115.53 points at the first support level, and at 110.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 123.08, and for the 2nd resistance point, it is at 125.75.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Astera Labs Inc [NASDAQ:ALAB] is 10.74. In addition, the Quick Ratio stands at 10.46 and the Cash Ratio stands at 1.43. Considering the valuation of this stock, the price to sales ratio is 65.58, the price to book ratio is 21.46.
Transactions by insiders
Recent insider trading involved Tate Michael Truett, Chief Financial Officer, that happened on Dec 04 ’24 when 16000.0 shares were sold. Director, ALBA MANUEL completed a deal on Dec 04 ’24 to sell 11000.0 shares. Meanwhile, Director ALBA MANUEL sold 63000.0 shares on Dec 03 ’24.
