With 5.01 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.38 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 $126.15. Beta for the stock currently stands at -0.32.
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 -8.84%, but this was down by -40.96% over a month. Three-month performance dropped to -46.47% while six-month performance rose 48.00%. A look at the trailing 12-month EPS for ALAB yields -0.54 with Next year EPS estimates of 1.72. For the next quarter, that number is 0.28. This implies an EPS growth rate of 50.02% for this year and 36.10% for next year.
Float and Shares Shorts:
At present, 162.02 million ALAB shares are outstanding with a float of 120.66 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 $0.32 and the low estimate is $0.28. The average estimate for the next quarter is thus $0.3.
