Are Astra Space Inc. (ASTR) stocks a prudent buy?

At the time of writing, Astra Space Inc. [ASTR] stock is trading at $0.41, up 0.36%. An important factor to consider is whether the stock is rising or falling in short-term value. The ASTR shares have lost -1.57% over the last week, with a monthly amount drifted -25.30%, and not seem to be holding up well over a long-time horizon.

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On 10, March 2023, Astra Investigates Potential Illegal Short Selling. In a post published today on Yahoo Finance, Company Engages ShareIntel to Assist in Identifying Irregular Trading Behavior.

From an analyst’s perspective:

Astra Space Inc. [NASDAQ: ASTR] stock has seen the most recent analyst activity on February 02, 2023, when Deutsche Bank downgraded its rating to a Hold and also revised its price target to $1 from $2. Previously, BofA Securities downgraded its rating to Underperform on February 11, 2022, and kept the price target unchanged to $4. On January 19, 2022, upgrade upgraded it’s rating to Neutral and revised its price target to $7 on the stock. BofA Securities started tracking the stock assigning a Underperform rating and suggested a price target of $9 on October 04, 2021. Deutsche Bank initiated its recommendation with a Buy and recommended $13 as its price target on July 27, 2021.

For the past year, the stock price of Astra Space Inc. fluctuated between $0.39 and $4.74. Currently, Wall Street analysts expect the stock to reach $0.65 within the next 12 months. Astra Space Inc. [NASDAQ: ASTR] shares were valued at $0.41 at the most recent close of the market. An investor can expect a potential return of 58.54% based on the average ASTR price forecast.

Analyzing the ASTR fundamentals

To continue investigating profitability, this company’s Return on Assets is posted at -64.42, Equity is -73.68, Total Capital is -44.95, and Invested Capital is -72.93. An extended look at the Principal structure reveals enduring liabilities to the total capital of 1.99 and enduring liabilities to assets of 1.78.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.4032 points at the first support level, and at 0.3929 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.4305, and for the 2nd resistance point, it is at 0.4475.

Astra Space Inc. [ASTR] reported earnings per share of -$0.26 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.18/share, meaning a difference of -$0.08 and a surprise factor of -44.40%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were -$0.31 per share as compared to estimates of -$0.2 per share, a difference of -$0.11 representing a surprise of -55.00%.

Ratios To Look Out For

It is important to note that Astra Space Inc. [NASDAQ:ASTR] has a current ratio of 2.30. On the other hand, the Quick Ratio is 8.33, and the Cash Ratio is 7.98.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 1 insider purchases totaling 18,659 shares and 1 insider sales totaling 11,631 shares over the past 3 months. Recent insider trading involved KEMP CHRIS, Chief Executive Officer, that happened on Dec 16 when 0.25 million shares were purchased. Chief Executive Officer, KEMP CHRIS completed a deal on Aug 19 to buy 100000.0 shares. Meanwhile, former 10% owner A/NPC Holdings LLC sold 1.4 million shares on Aug 16.