In Thursday’s Wall Street session, Astera Labs Inc (NASDAQ:ALAB) shares traded at $71.64, up 0.77% from the previous session.
ALAB stock price is now 10.05% away from the 50-day moving average and -6.97% away from the 200-day moving average. The market capitalization of the company currently stands at $11.81B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $82, Raymond James recently initiated with Outperform rating for Astera Labs Inc (NASDAQ: ALAB). On January 28, 2025, Northland Capital Upgraded its previous ‘Market Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $120, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, RN2021 IRREVOCABLE TRUST U/A D, Director bought 20,000 shares of the company’s stock on May 08 ’25. The stock was bought for $1,421,800 at an average price of $71.09. An SEC document containing details of the transaction can be found on the SEC’s website. On May 08 ’25, Director NAVAD TRUST U/A DTD 11/01/2012 bought 125,000 shares of the business’s stock. A total of $8,886,250 was incurred on buying the stock at an average price of $71.09. A total of 24.81% 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 $147.39. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 13.92, and a quick ratio of 13.26.
The net profit margin was 8.44% and return on equity was 4.47% for ALAB. The company reported revenue of $159.44 million for the quarter, compared to $65.26 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 144.33 percent.
