At the last check on Friday, Astra Space Inc.’s (NASDAQ:ASTR) stock traded at $0.26. The average number of shares traded per day over the past five days has been 933,002 shares. 3 times new highs have been achieved over the past 5 days, with a $0.0171 gain in that time frame. In the last twenty days, the average volume was 1,739,025, while in the previous 50 days, it was 1,828,410.
Since last month, ASTR stock retreated -32.32%. Shares of the company fell to $0.2314 on 08/25/23, the lowest level in the past month. A 52-week high of $0.88 was reached on 01/18/23 after having rallying from a 52-week low of $0.23. Since the beginning of this year, ASTR’s stock price has dropped by -39.47% or -$0.1717, and marked a new high 7 times. However, the stock has declined by -69.99% since its 52-week high.
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ASTR stock investors should be aware that Astra Space Inc. (ASTR) stock had its last reported insider trading activity 259 days ago on Dec 16. KEMP CHRIS, the Chief Executive Officer of the company, purchased of 250,000 shares for $0.47 on Dec 16. It resulted in a $118,075 investment by the insider.
Valuation Metrics
The stock’s beta is 2.19. Besides these, the trailing price-to-sales (P/S) ratio of 19.57, the price-to-book (PB) ratio of 2.63.
Financial Health
In the three months ended December 30, Astra Space Inc.’s quick ratio stood at 0.70, while its current ratio was 0.90, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 58.10% percent. Based on annual data, ASTR earned -$20.16 million in gross profit and brought in $9.37 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -508.90%. Return on equity (ROE) for the past 12 months was -453.30%.
ASTR’s revenue fell -277.46% during the quarter, while net income inched up to $0.71 million. While analysts expected Astra Space Inc. to report -$0.14 quarterly earnings, the actual figure was -$0.16 per share, beating the consensus estimate by -14.30%. During the quarter, the company generated -$14.22 million in EBITDA. The liabilities of Astra Space Inc. were 81.93 million at the end of its most recent quarter ended December 30, and its total debt was $11.35 million. The value of shareholders’ equity is $273.04 million.
Technical Picture
This quick technical analysis looks at Astra Space Inc.’s (ASTR) price momentum. With a historical volatility rate of 49.67%, the RSI 9-day stood at 40.27% on 31 August.
With respect to its five-day moving average, the current Astra Space Inc. price is up by +6.98% percent or $0.0171. At present, ASTR shares trade -31.15% below its 20-day simple moving average and -32.73% percent below its 100-day simple moving average. However, the stock is currently trading approximately -32.31% below its SMA50 and -57.98% below its SMA200.
Stochastic coefficient K was 30.12% and Stochastic coefficient D was 29.46%, while ATR was 0.0201. Given the Stochastic reading of 31.14% for the 14-day period, the RSI (14) reading has been calculated as 36.89%.
Analyst Ratings
Astra Space Inc. downgraded its rating on Astra Space Inc. (NASDAQ: ASTR) to a Hold in a note to investors on February 02, 2023. The analysts firm previously had a Buy rating on the stock.Astra Space Inc. (ASTR) has been rated Hold by analysts. According to 0 brokerage firms, ASTR is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Astra Space Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $1.00, the current consensus forecast for the stock is $1.00 – $1.00. Based on these forecasts, analysts predict Astra Space Inc. (ASTR) will achieve an average price target of $1.00.
