The price of Astera Labs Inc. (NASDAQ:ALAB) shares last traded on Wall Street fell -10.70% to $43.06.
ALAB stock price is now -12.45% away from the 50-day moving average and -29.83% away from the 200-day moving average. The market capitalization of the company currently stands at $6.75B.
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With the price target of $100, Evercore ISI recently initiated with Outperform rating for Astera Labs Inc. (NASDAQ: ALAB). On April 15, 2024, Stifel recently initiated its ‘Buy’ rating on the stock quoting a target price of $81, while ‘ROTH MKM’ rates the stock as ‘Buy’
In other news, SN2021 IRREVOCABLE TRUST U/A D, Director bought 20,000 shares of the company’s stock on Aug 30 ’24. The stock was bought for $964,400 at an average price of $48.22. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30 ’24, Director NAVAD TRUST U/A DTD 11/01/201 bought 110,000 shares of the business’s stock. A total of $5,304,200 was incurred on buying the stock at an average price of $48.22. A total of 28.28% of the company’s stock is owned by insiders.
During the past 12 months, Astera Labs Inc. has had a low of $36.22 and a high of $95.21. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 13.91, and a quick ratio of 13.46. The fifty day moving average price for ALAB is $48.7794 and a two-hundred day moving average price translates $61.204475 for the stock.
The latest earnings results from Astera Labs Inc. (NASDAQ: ALAB) was released for 2024-06-30. The net profit margin was -38.92% and return on equity was -16.05% for ALAB. The company reported revenue of $76.85 million for the quarter, compared to $17.66 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 335.07 percent.
