Value gained By Astra Space Operations Inc. (ASTR) In The Past Week: $0.7900


Astra Space Operations Inc. (NASDAQ:ASTR) finished Thursday with a subtraction of -$0.08 to close at $0.61, a downside of -11.74 percent. An average of 9,672,540 shares of common stock have been traded in the last five days. There was a fall of -$0.1579 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 10,076,590 shares traded, while the 50-day average volume stands at 6,324,316.

ASTR stock has decreased by -41.66% in the last month. The company shares reached their 1-month lowest point of $0.6100 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $0.69 and a high of $13.58 in 52 weeks. It has reached a new high 1 time so far this year and lost -91.16% or -$6.3174 in price. In spite of this, the price is down -95.49% from the 52-week high.

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Insider Transactions

38 days have passed since Astra Space Operations Inc. (ASTR) last reported insider trading activity. A/NPC Holdings LLC, who is former 10% owner, most recently acquired $1,400,000 shares at $1.39 per share on Aug 16. In this transaction, the insider spent $1,946,000. former 10% owner, A/NPC Holdings LLC, disposed of 867,040 shares at a price of $1.46 on Aug 15. The insider now owns more than $1,265,878 worth of shares. Prior to that, former 10% owner A/NPC Holdings LLC went on to Sale 2,000,000 shares at $1.59 each on Aug 12. An amount of $3,180,000 was transacted.

Valuation Metrics

Astra Space Operations Inc. (ASTR) has a trailing price-to-sales (P/S) ratio at 25.48, the price-to-book (PB) ratio at 0.54.

Financial Health

The quick ratio of Astra Space Operations Inc. for the three months ended June 29 was 3.40, and the current ratio was 3.40, 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 0.00 for the quarter ending June 29. Its gross profit as reported stood at $1.17 million compared to revenue of $159.26 million.

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 Operations Inc.’s return on assets was -50.80%.

Earnings Surprise

For the three-month period that ended June 29, Astra Space Operations Inc. had $96.37 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$82.3 million in the quarter, while revenues of -$85.71 million were grew 61.97%. The analyst consensus anticipated Astra Space Operations Inc.’s latest quarter earnings to come in at -$0.2 per share, but it turned out to be -$0.31, a -55.00% surprise. For the quarter, EBITDA amounted to -$77.68 million. Shareholders own equity worth $265.43 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Astra Space Operations Inc. (ASTR) price momentum. RSI 9-day as of the close on 22 September was 20.10%, suggesting the stock is oversold, with historical volatility in this time frame at 85.12%.

As of today, ASTR’s price is $0.7032 -20.49% or -$0.1579 from its 5-day moving average. ASTR is currently trading -33.97% lower than its 20-day SMA and -80.86% lower than its 100-day SMA. However, the stock’s current price level is -54.96% below the SMA50 and -92.87% below the SMA200.

The stochastic %K and %D were 5.78% and 9.48%, respectively, and the average true range (ATR) was 0.0778. With the 14-day stochastic at 0.98% and the average true range at 0.0895, the RSI (14) stands at 25.90%. The stock has reached -0.0669 on the 9-day MACD Oscillator while the 14-day reading was at -0.0811.

Analyst Ratings

BofA Securities downgraded Astra Space Operations Inc. (NASDAQ: ASTR) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Astra Space Operations 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 $0.70 and $2.00, with a median target of $1.35. Taking a look at these predictions, the average price target given by analysts for Astra Space Operations Inc. (ASTR) stock is $1.35.


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