Is Astra Space Inc. (ASTR) A Solid Choice On The Value Front?

The stock of Astra Space Inc. (NASDAQ:ASTR) decreased by decreased by -$0.1 on Friday to finish at $9.41, down -1.05 percent. The last five days have seen an average of 2,275,120 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$0.70. The average number of shares traded over the last 20 days was 2,744,200, while the average volume over the last 50 days totaled 3,742,396.

ASTR stock appreciated 0.21% since last month. On 10/06/21, the company’s shares reached a one-month low of $7.34. The stock touched a high of $22.47 on 02/18/21, after rallying from a low of $7.34 in 52 weeks. The price of ASTR stock has declined by -6.92% or -$0.70 this year, reaching a new high 12 times. Still, the stock price is down -58.12% from the 52-week high.


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For the recent quarter, Astra Space Inc.’s quick ratio was 25.20, while its current ratio was 25.30, indicating its ability to pay off its debt.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ASTR’s return on assets (ROA) during the last 12 months has been -56.20%. In the meantime, the return on equity (ROE) for the last 12 months was -65.10%. ROE has averaged 8.06 in the past year for the broader industry.

Earnings Surprise

A higher net income was reported in the quarter under review than the previous quarter. EBITDA was -$29.9 million for the quarter. At the end of Astra Space Inc.’s most recent quarter, its liabilities totaled 84.79 million, while its total debt was $14.99 million. Equity owned by shareholders amounts to $257.12 million.

Technical Picture

Here’s a quick look at Astra Space Inc.’s (ASTR) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 64.63%, suggesting the stock is Neutral, with a 52.77% historical volatility rate.

The stochastic %K and %D were 91.04% and 93.70% respectively, while the average true range (ATR) was 0.50. Based on the 14-day stochastic reading of 86.61%, the RSI (14) reading is 57.15%. On the 9-day MACD Oscillator, the stock is at 0.37, and the 14-day reading is at 0.87.

Analyst Ratings

In its analyst report released on October 04, 2021, BofA Securities began covering Astra Space Inc. (NASDAQ: ASTR). The stock was rated as an Underperform by the brokerage firm. Analysts have assigned Astra Space Inc. (ASTR) an Hold rating. ASTR is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.

What is ASTR’s price target for the next 12 months?

The current consensus forecast for the stock is between $9.00 and $13.00, with a median target price of $11.00. In analyzing these forecasts, the average price target given by analysts for Astra Space Inc. (ASTR) is $11.00.

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