With 3.96 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.3 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $89.1499 whereas the lowest price it dropped to was $85.02. The 52-week range on ALAB shows that it touched its highest point at $100.09 and its lowest point at $36.22 during that stretch. It currently has a 1-year price target of $99.25.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ALAB was down-trending over the past week, with a drop of -12.94%, but this was up by 31.00% over a month. Three-month performance surged to 110.39% while six-month performance rose 19.24%. A look at the trailing 12-month EPS for ALAB yields -0.60 with Next year EPS estimates of 1.14. For the next quarter, that number is 0.26. This implies an EPS growth rate of 700.76% for this year and 58.76% for next year.
Float and Shares Shorts:
At present, 155.47 million ALAB shares are outstanding with a float of 115.77 million shares on hand for trading. On 2024-10-31, short shares totaled 10.64 million, which was 671.0000000000001 higher than short shares on 1727654400. In addition to Mr. Jitendra Mohan as the firm’s Co-Founder, CEO & Executive Director, Mr. Philip Mazzara serves as its General Counsel & Secretary.
Institutional Ownership:
Through their ownership of 0.58103 of ALAB’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, ALAB reported revenue of $113086000.0 and operating income of -$8896000.0. The EBITDA in the recently reported quarter was -$8047000.0 and diluted EPS was -$0.05.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ALAB since 7 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ALAB analysts setting a high price target of 110.0 and a low target of 80.0, the average target price over the next 12 months is 99.25. Based on these targets, ALAB could surge 27.24% to reach the target high and fall by -7.46% to reach the target low. Reaching the average price target will result in a growth of 14.81% from current levels.
Analysts have provided yearly estimates in a range of $0.74094 being high and $0.70088 being low. For ALAB, this leads to a yearly average estimate of $0.72091. Based on analyst estimates, the high estimate for the next quarter is $0.28 and the low estimate is $0.22. The average estimate for the next quarter is thus $0.25.
