Astra Space Inc. (NASDAQ:ASTR) does about 2.16M shares in volume on a normal day but saw 2214159 shares change hands in Monday trading. The company now has a market cap of 160.48M USD. Its current market price is $0.64, marking an increase of 7.17% compared to the previous close of $0.60. The 52 week high reached by this stock is $6.00 whilst the lowest price level in 52 weeks is $0.41. The script in recent trading has seen the stock touch a high of $0.65 and a low of $0.6002.
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Astra Space Inc. (ASTR) has a 20-day trading average at $0.5007 and the current price is -89.36% off the 52-week high compared with 57.65% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5009 and its 200-day simple moving average is $1.3406. If we look at the stock’s price movements over the week, volatility stands at 11.06%, which decreases to 8.64% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 65.38 to suggest the stock is neutral.
The consensus objective for the share price is $1.15, suggesting that the stock has a potential upside of 44.35% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on February 11, 2022 when BofA Securities downgraded the stock to “Underperform” and issued a price target of $4. BofA Securities upgraded the stock to “Neutral” from Underperform on January 19, 2022 at a price target of $9-$7. BofA Securities initiated its price target at $9.
The current price level is 30.13%, 27.75%, and -52.99% away from its SMA20, SMA50, and SMA200 respectively, with the ASTR price moving below the 50-day SMA on January 23. Astra Space Inc. (ASTR) stock is up 4.79% over the week and 56.34% over the past month. Its price is 47.19% year-to-date and -87.74% over the past year.
The stock last released its quarterly earnings report for quarter ended 6/29/2022, with the company’s earnings per share (EPS) of -$0.31 below consensus estimates by -$0.11. The company’s next earnings report is expected on 05/04/2023, with forecasts estimating quarterly EPS at -$0.18 and -$0.84 for whole year. ASTR’s earnings per share are forecast to grow by 89.30% this year and 47.60% over next year. Expected sales for next quarter are $1.56 million, which analysts say will come at $8.04 million for the current fiscal year and next year at $25.75 million. In addition, estimates put the company’s current quarterly revenue at an average of $2.72 million.
Its 12-month price target is $0.30. To reach the target analysts have set, the stock logically needs to grow 44.35 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $0.30, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $0.30.
Outstanding shares total 266.33M with insiders holding 4.95% of the shares and institutional holders owning 46.31% of the company’s common stock. The company has a return on equity of -137.40%. Price to book ratio is 1.48 and price to sales ratio is 17.07.
Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by iShares Russell 2000 ETF, which sold off 36600.0 shares to end up with 3,508,551 shares worth $1.52 million. Vanguard Extended Market Index Fu cut their holdings by -0.25% in the company over the course of the most recent quarter. It now holds a 0.80% position in Astra Space Inc. thanks to 1.7 million shares amounting to $0.74 million.
