The price of Astera Labs Inc (NASDAQ:ALAB) shares last traded on Wall Street rose 2.36% to $98.17.
ALAB stock price is now 72.21% away from the 50-day moving average and 63.06% away from the 200-day moving average. The market capitalization of the company currently stands at $15.38B.
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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, Jitendra Mohan, CEO, Director bought 307,814 shares of the company’s stock on Nov 06 ’24. The stock was bought for $27,703,260 at an average price of $90.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, Affiliate Speiser Michael L bought 1,120,000 shares of the business’s stock. A total of $99,816,304 was incurred on buying the stock at an average price of $89.12. A total of 27.83% 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 $97.35. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 10.74, and a quick ratio of 10.46. The fifty day moving average price for ALAB is $55.9358 and a two-hundred day moving average price translates $59.966187 for the stock.
The latest earnings results from Astera Labs Inc (NASDAQ: ALAB) was released for 2024-09-30. The net profit margin was -30.69% and return on equity was -16.05% for ALAB. The company reported revenue of $113.09 million for the quarter, compared to $36.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 206.23 percent.
