Astera Labs Inc (NASDAQ:ALAB) price on current trading day, rose 19.77% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $64.33.
A look at the stock’s price movement, the close in the last trading session was $53.71, moving within a range at $52.0 and $64.78. Turning to its 52-week performance, $147.39 and $36.22 were the 52-week high and 52-week low respectively. Overall, ALAB moved -2.60% over the past month.
Astera Labs Inc’s market cap currently stands at around $10.43 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-09.
Analysts have a consensus estimate of 151.55M for the company’s revenue for the quarter, with a low and high estimate of 138M and 153.79M respectively. The average forecast suggests up to a 132.23% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 675.22M, representing a 70.39% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ALAB is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 6 recommend ALAB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ALAB’s current price about -0.38% and -16.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.32, while 7-day volatility ratio is 17.39% and 8.89% in the 30-day chart. Further, Astera Labs Inc (ALAB) has a beta value of 0.67, and an average true range (ATR) of 6.89. Analysts have given the company’s stock an average 52-week price target of $102.5, forecast between a low of $100 and high of $110. Looking at the price targets, the low is -55.45% off current price level while to achieve the yearly target high, price needs to move -70.99%. Nonetheless, investors will most likely welcome a -59.33% jump to $102.5 which is the analysts’ median price.
If we refocus on Astera Labs Inc (NASDAQ:ALAB), historical trading data shows that trading volumes averaged 4.7 over the past 10 days and 5.20 million over the past 3 months. The company’s latest data on shares outstanding shows there are 162.02 million shares.
The 24.87% of Astera Labs Inc’s shares are in the hands of company insiders while institutional holders own 58.34% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.12 million on 2025-03-14, giving us a short ratio of 2.01. The data shows that as of 2025-03-14 short interest in Astera Labs Inc (ALAB) stood at 972.9998999999999 of shares outstanding, with shares short rising to 8.51 million registered in 2025-02-14. Current price change has pushed the stock -51.43% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ALAB stock continues to rise going into the next quarter.
