With 3.84 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.32 million shares. The 52-week range on ALAB shows that it touched its highest point at $147.39 and its lowest point at $36.22 during that stretch. It currently has a 1-year price target of $95.53. Beta for the stock currently stands at 1.48.
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 up-trending over the past week, with a rise of 27.19%, but this was up by 54.05% over a month. Three-month performance surged to 3.08% while six-month performance fell -0.21%. The stock gained 25.22% in the past year, while it has lost -31.63% so far this year. A look at the trailing 12-month EPS for ALAB yields 0.23 with Next year EPS estimates of 1.72. For the next quarter, that number is 0.32. This implies an EPS growth rate of 60.00% for this year and 27.71% for next year.
Float and Shares Shorts:
At present, 164.91 million ALAB shares are outstanding with a float of 124.25 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.74167 being high and $0.70158 being low. For ALAB, this leads to a yearly average estimate of $0.72162. Based on analyst estimates, the high estimate for the next quarter is $0.36 and the low estimate is $0.31. The average estimate for the next quarter is thus $0.33.
