Astera Labs (ALAB) Stock Price, News & Analysis

Company Overview

Astera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. Its Intelligent Connectivity Platform is comprised of a portfolio of data, network, and memory connectivity products, which are built on a unifying software-defined architecture that enables customers to deploy and operate high performance cloud and AI infrastructure at scale. The company was incorporated in 2017 and is based in Santa Clara, California.

Key Stats

• Today's Range: $102.00 to $109.11
• 50-Day Range: $43.45 to $103.93
• 52-Week Range: $36.22 to $109.11
• Volume: 4.74 million shs
• Average Volume: 3.15 million shs
• Market Capitalization: $16.22 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $94.67
• Consensus Rating: Buy

Astera Labs Stock Analysis - MarketRank™

Astera Labs scored higher than 29% of companies evaluated by MarketBeat, and ranked 525th out of 647 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Astera Labs has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 12 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Astera Labs has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Astera Labs are expected to grow in the coming year, from ($0.45) to $0.21 per share.

Price to Book Value per Share Ratio

Astera Labs has a P/B Ratio of 18.72. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

9.41% of the float of Astera Labs has been sold short.

Short Interest Ratio / Days to Cover

Astera Labs has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Astera Labs has recently increased by 3.00%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Astera Labs does not currently pay a dividend.

Dividend Growth

Astera Labs does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

9.41% of the float of Astera Labs has been sold short.

Short Interest Ratio / Days to Cover

Astera Labs has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Astera Labs has recently increased by 3.00%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.41

News Sentiment

Astera Labs has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Astera Labs this week, compared to 7 articles on an average week.

Search Interest

74 people have searched for ALAB on MarketBeat in the last 30 days. This is an increase of 42% compared to the previous 30 days.

MarketBeat Follows

47 people have added Astera Labs to their MarketBeat watchlist in the last 30 days. This is an increase of 176% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Astera Labs insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $131,882,211.00 in company stock.

ALAB Stock Analysis - Frequently Asked Questions

How have ALAB shares performed this year?

Astera Labs' stock was trading at $64.15 at the beginning of the year. Since then, ALAB shares have increased by 63.7% and is now trading at $105.01.
View the best growth stocks for 2024 here.

How were Astera Labs' earnings last quarter?

Astera Labs, Inc. (NASDAQ:ALAB) released its quarterly earnings data on Monday, November, 4th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.06. Astera Labs's revenue was up 47.1% compared to the same quarter last year.

When did Astera Labs IPO?

Astera Labs (ALAB) raised $713 million in an initial public offering on Wednesday, March 20th 2024. The company issued 19,800,000 shares at $36.00 per share.

Who are Astera Labs' major shareholders?

Top institutional shareholders of Astera Labs include FMR LLC (14.82%), Fred Alger Management LLC (1.78%), Maverick Capital Ltd. (0.73%) and Westfield Capital Management Co. LP (0.63%). Insiders that own company stock include Sanjay Gajendra, Jitendra Mohan, Manuel Alba, Michael Truett Tate, Philip Mazzara, Jack R Lazar and Stefan A Dyckerhoff.
View institutional ownership trends.

How do I buy shares of Astera Labs?

Shares of ALAB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Astera Labs own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Astera Labs investors own include Invesco QQQ (QQQ), NVIDIA (NVDA), SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones Industrial Average ETF Trust (DIA), Advanced Micro Devices (AMD), Meta Platforms (META) and Tesla (TSLA).

Company Calendar

• Last Earnings: 11/04/2024
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/03/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:ALAB
• Previous Symbol: NASDAQ:ALAB
• CUSIP: N/A
• CIK: 1736297
• Web: www.asteralabs.com
• Phone: 408-242-7319
• Fax: N/A
• Employees: 225
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $94.67
• High Stock Price Target: $120.00
• Low Stock Price Target: $65.00
• Potential Upside/Downside: -8.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-26,260,000.00
• Net Margins: -30.69%
• Pretax Margin: -26.75%
• Return on Equity: -15.57%
• Return on Assets: -12.87%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 10.74
• Quick Ratio: 10.46

Sales & Book Value

• Annual Sales: $305.71 million
• Price / Sales: 53.92
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $5.61 per share
• Price / Book: 18.53

Miscellaneous

• Outstanding Shares: 158,611,000
• Free Float: N/A
• Market Cap: $16.48 billion
• Optionable: Optionable
• Beta: N/A