The price of Astera Labs Inc. (NASDAQ:ALAB) shares last traded on Wall Street rose 7.99% to $66.11.
ALAB stock price is now 45.92% away from the 50-day moving average and 12.74% away from the 200-day moving average. The market capitalization of the company currently stands at $10.36B.
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With the price target maintained at $55, Morgan Stanley recently Upgraded its rating from Equal-Weight to Overweight for Astera Labs Inc. (NASDAQ: ALAB). On April 16, 2024, Evercore ISI recently initiated its ‘Outperform’ rating on the stock quoting a target price of $100, while ‘Stifel’ rates the stock as ‘Buy’
In other news, PHILIP MAZZARA, Officer bought 25,000 shares of the company’s stock on Oct 09 ’24. The stock was bought for $1,324,000 at an average price of $52.96. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 09 ’24, Officer TATE 1997 LIVING TRUST U/ADTD bought 100,000 shares of the business’s stock. A total of $5,296,000 was incurred on buying the stock at an average price of $52.96. A total of 28.01% 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 $45.3043 and a two-hundred day moving average price translates $58.640633 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.
