With 1.92 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.63 million shares. During the session, the Semiconductors company that operates in wider Technology sector, reached to the highest price of $105.7213 whereas the lowest price it dropped to was $100.64. The 52-week range on ALAB shows that it touched its highest point at $113.85 and its lowest point at $36.22 during that stretch. It currently has a 1-year price target of $100.85.
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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 -0.84%, but this was up by 40.48% over a month. Three-month performance surged to 139.78% while six-month performance rose 59.98%. A look at the trailing 12-month EPS for ALAB yields -0.60 with Next year EPS estimates of 1.17. For the next quarter, that number is 0.26. This implies an EPS growth rate of 701.41% for this year and 61.89% for next year.
Float and Shares Shorts:
At present, 155.47 million ALAB shares are outstanding with a float of 114.83 million shares on hand for trading. On 2024-11-15, short shares totaled 8.91 million, which was 561.99998 higher than short shares on 1728950400. 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 0.57679003 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 120.0 and a low target of 80.0, the average target price over the next 12 months is 100.84615. Based on these targets, ALAB could surge 16.22% to reach the target high and fall by -22.52% to reach the target low. Reaching the average price target will result in a decline of -2.33% from current levels.
Analysts have provided yearly estimates in a range of $0.74174 being high and $0.70164 being low. For ALAB, this leads to a yearly average estimate of $0.72169.
