Currently, Astera Labs Inc.’s (ALAB) stock is trading at $51.09, marking a gain of 1.15% from last night’s close. At this price, the stock is -46.34% below its 52-week high of $95.21 and 41.07% above its 52-week low of $36.22. Based on the past 30-day period, the stock price is -0.39% below the high and +38.37% above the low.
As well, it is important to consider ALAB stock ratios such as price-to-sales, which is currently 34.87.ALAB’s price to book ratio for the most recent quarter was 9.47, resulting in an 9.63 price to cash per share for the period.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 6/30/2024, it posted adjusted earnings per share of $0.13, slashing the consensus of $0.11. In other words, it topped the consensus by $0.02, resulting in a 18.20% surprise. In the 3 months period before the previous quarter which was closed on 6/30/2024, the stock recorded adjusted earnings per share of $0.13 in contrast with the Outlook of $0.11. That was a difference of $0.02 and a surprise of 18.20%.
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 17.84% of shares. A total of 199 institutional investors hold shares in the company, making 43.78% of its stock and 53.29% of its float.
Jun 30, 2024, it was reported that the Company’s largest institutional holder is FMR, LLC holding total of 23.35 shares that make 14.91% of the company’s total number of shares and are currently priced at 1.19 billion.
The securities firm Intel Corporation holds 5.9 shares of ALAB, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 3.77%, and the holding percentage of shares is valued at 300.71 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 3,914,441 shares per day, with a moving average of $43.67 and price change of +9.22. With the moving average of $44.41 and a price change of -4.90, about 3,014,970 shares changed hands on average over the past 50 days. Finally, ALAB’s 100-day average volume is 2,412,562 shares, alongside a moving average of $55.08 and a price change of -33.77.
