The stock of Astra Space Inc. (NASDAQ:ASTR) increased by $0.02 on Friday to finish at $0.25, up 4.70 percent. The last five days have seen an average of 1,376,880 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$0.1888. The average number of shares traded over the last 20 days was 1,781,105, while the average volume over the last 50 days totaled 1,998,602.
ASTR stock dropped -37.90% since last month. On 08/25/23, the company’s shares reached a one-month low of $0.2314. The stock touched a high of $1.13 on 01/18/23, after rallying from a low of $0.23 in 52 weeks. The price of ASTR stock has declined by -43.52% or -$0.1888 this year, reaching a new high 7 times. Still, the stock price is down -78.32% from the 52-week high.
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Insider Transactions
ASTR stock investors should be aware that Astra Space Inc. (ASTR) stock had its last reported insider trading activity 255 days ago on Dec 16. On Dec 16, Chief Executive Officer KEMP CHRIS acquired 250,000 shares at $0.47 each. This transaction resulted in the insider spending $118,075.
Valuation Metrics
Beta for the stock is 2.26. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 18.26, the price-to-book (PB) ratio of 2.45.
Financial Health
For the three months ended December 30, Astra Space Inc.’s quick ratio was 0.70, while its current ratio was 0.90, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 58.10% percent. Based on annual data, it had gross profit of -$20.16 million and revenue of $9.37 million.
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 -189.40%. There was a -508.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -453.30%.
Earnings Surprise
According to Astra Space Inc.’s quarterly financial report for the quarter that ended December 30. Net income for the quarter came in at $0.71 million, while revenues fell by -277.46% to $0.0. It was predicted that Astra Space Inc.’s quarterly earnings would be -$0.16, but it ended up being -$0.14, beating the consensus by -14.30%. EBITDA was -$14.22 million for the quarter. At the end of Astra Space Inc.’s most recent quarter ended December 30, its liabilities totaled 81.93 million, while its total debt was $11.35 million. Equity owned by shareholders amounts to $273.04 million.
Technical Picture
Here’s a quick look at Astra Space Inc.’s (ASTR) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 25.93%, suggesting the stock is oversold, with a 72.22% historical volatility rate.
The stochastic %K and %D were 7.48% and 7.25% respectively, while the average true range (ATR) was 0.0233. Based on the 14-day stochastic reading of 11.18%, the RSI (14) reading is 28.11%. On the 9-day MACD Oscillator, the stock is at -0.0144, and the 14-day reading is at -0.0360.
Analyst Ratings
Astra Space Inc. (NASDAQ: ASTR) was downgraded by Deutsche Bank to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Astra Space Inc. (ASTR) an Hold rating. ASTR is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others 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 $1.00 and $1.00, with a median target price of $1.00. In analyzing these forecasts, the average price target given by analysts for Astra Space Inc. (ASTR) is $1.00.
