Astra Space Inc. (NASDAQ:ASTR) finished Wednesday with an addition of $0.12 to close at $8.50, an upside of 1.43 percent. An average of 3,453,540 shares of common stock have been traded in the last five days. There was a gain of $0.84 in the past week. The last 20 days have seen an average of 3,179,850 shares traded, while the 50-day average volume stands at 4,768,560.
ASTR stock has decreased by -8.50% in the last month. The company shares reached their 1-month lowest point of $7.34 on 10/06/21. With the stock rallying to its 52-week high on 02/18/21, shares of the company touched a low of $7.34 and a high of $22.47 in 52 weeks. In spite of this, the price is down -62.17% from the 52-week high.
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Astra Space Inc. (ASTR) has a trailing price-to-earnings (P/E) ratio of 18.50 for the broader industry and 28.57 for the sector. Other valuation ratios to consider include the price-to-book (PB) ratio at 0.95.
The quick ratio of Astra Space Inc. for the recent quarter was 25.20, and the current ratio was 25.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.01 for the recent quarter.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Astra Space Inc.’s return on assets was -56.20%. For the broader industry, ROE averaged 8.06 over the past year.
From a technical analysis perspective, let’s take a brief look at Astra Space Inc. (ASTR) price momentum. RSI 9-day as of the close on 13 October was 52.07%, suggesting the stock is Neutral, with historical volatility in this time frame at 81.13%.
As of today, ASTR’s price is $7.99 +10.97% or $0.84 from its 5-day moving average. ASTR is currently trading -7.81% lower than its 20-day SMA and -15.34% lower than its 100-day SMA. However, the stock’s current price level is +1.07% above the SMA50 and -16.50% below the SMA200.
The stochastic %K and %D were 34.19% and 24.62%, respectively, and the average true range (ATR) was 0.58. With the 14-day stochastic at 50.43% and the average true range at 0.61, the RSI (14) stands at 47.51%. The stock has reached 0.20 on the 9-day MACD Oscillator while the 14-day reading was at -0.17.
BofA Securities launched coverage on Astra Space Inc. (NASDAQ: ASTR) in its analyst report released on October 04, 2021. The firm assigned the stock a an Underperform rating.The consensus rating for Astra Space Inc. (ASTR) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ASTR, while 0 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is ASTR’s price target for the next 12 months?
Analysts predict a range of price targets between $9.00 and $13.00, with a median target of $11.00. Taking a look at these predictions, the average price target given by analysts for Astra Space Inc. (ASTR) stock is $11.00.