Astra Space Inc. (NASDAQ:ASTR) currently has a daily average trading volume of 2.03M but it saw 1617097 shares traded on Thursday. With a market cap of 117.03M USD, stock’s current market price of $0.42 while comparing to the previous closing price of $0.42. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.77 and as low as $0.41. In the recent trading on the day, stock has struck highest price mark of $0.43 while lowest mark touched by it was $0.4023.
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Taking a look at 20-day trading activity of Astra Space Inc. (ASTR) gives us an average price of $0.5061, while its current price level is -91.19% below from 52-week high level whereas it is 3.70% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.5560 while that of 200 days or SMA-200 reads an average of $0.8732. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.09% during that period while stretching the period over a month that increases to 9.32%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 33.84 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 2 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Underweight for the stock and that issued by Wall Street to investors is Hold.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Deutsche Bank which downgraded the stock as “Hold” in its note to investors issued on February 02, 2023, recommending a price target of between $2 and $1 for it. BofA Securities downgraded its recommendation for the stock as a “Underperform” from “Neutral” on February 11, 2022 while assigning a price target of $4. BofA Securities issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $9 and $7.
Over the week, ASTR’s stock price is moving -6.44% down while it is -30.66% when we observe its performance for the past one month. Year-to-date it is -3.18% down and over the past year, the stock is showing a downside performance of -87.97%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of -$0.26 beaten by the consensus estimate of -$0.18 for the same. The company is expected to be releasing its next quarterly report in 05/04/2023, for which analysts forecasted an EPS of -$0.14 while estimate for next year EPS is -$1.13. For ASTR, analysts are forecasting an EPS-growth rate of 85.50% for current year and estimate for EPS growth in next year is 60.20%. Moreover, analysts are in estimates of $4.01 million for current-quarter revenue.
Currently, Astra Space Inc.’s total number of outstanding shares is 266.33M with 1.23% of that held by the insiders while 43.52% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -137.40%. Stock has a price to book (P/B) ratio of 0.98 while price to sale or P/S ratio amounts to 12.45. Its return on asset (ROA) is -108.60% on average.
As per SEC documents, Vanguard Total Stock Market Index shunned 5,320,648 of company’s common stock of worth $3.03 million as per recent closing price of the stock. Vanguard Total Stock Market Index is not the only institutional holder which restructured its stake in Astra Space Inc., as iShares Russell 2000 ETF dumped 3,413,151 shares of worth $1.95 million to bring its holdings to a total of 10800.0 shares.
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