In the current trading session, Astera Labs Inc.’s (ALAB) stock is trading at the price of $42.34, a fall of -0.09% over last night’s close. So, the stock is trading at a price that is -55.53% less than its 52-week high of $95.21 and 15.78% better than its 52-week low of $36.57. Based on the past 30-day period, the stock price is -30.59% below the high and +15.78% above the low.
It is also essential to consider ALAB stock ratios like the price-to-sales ratio, which is 40.35 for the last year.ALAB’s price to book ratio for the most recent quarter was 8.14, resulting in an 8.23 price to cash per share for the period.
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How does Astera Labs Inc. (ALAB) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 11 brokerage firms that recommend the stock as a Strong Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 4.73 in simple terms.
Astera Labs Inc. (ALAB): Earnings History
If we examine Astera Labs Inc.’s recent earnings history, in the last quarter ended on 3/31/2024, it posted adjusted earnings per share of $0.1, slashing the consensus of $0.04. In other words, it topped the consensus by $0.06, resulting in a 150.00% surprise. In the 3 months period before the previous quarter which was closed on 3/31/2024, the stock recorded adjusted earnings per share of $0.1 in contrast with the Outlook of $0.04. That was a difference of $0.06 and a surprise of 150.00%.
Astera Labs Inc. (NASDAQ: ALAB) Ownership Details
I will give a breakdown of the key shareholders in Astera Labs Inc. (ALAB). Recent figures show that the company’s insiders hold 18.72% of shares. A total of 181 institutional investors hold shares in the company, making 42.31% of its stock and 52.06% of its float.
Mar 31, 2024, it was reported that the Company’s largest institutional holder is FMR, LLC holding total of 16.4 shares that make 10.54% of the company’s total number of shares and are currently priced at 722.92 million.
The securities firm Intel Corporation holds 6.04 shares of ALAB, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 3.88%, and the holding percentage of shares is valued at 266.28 million.
An overview of Astera Labs Inc.’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Astera Labs Inc. (ALAB) traded 1,574,341 shares per day, with a moving average of $50.16 and price change of -16.57. With the moving average of $57.75 and a price change of -30.80, about 1,603,786 shares changed hands on average over the past 50 days.
