At the time of writing, Astra Space Inc [ASTR] stock is trading at $0.65, up 15.07%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ASTR shares have gain 8.71% over the last week, with a monthly amount drifted -64.73%, and not seem to be holding up well over a long-time horizon.
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On 7, March 2024, Astra Space, Inc. to be Taken Private. In a post published today on Yahoo Finance, Unanimously Recommended by Special Committee of the Astra Board of Directors.
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 $0.52 and $7.28. Currently, Wall Street analysts expect the stock to reach $2 within the next 12 months. Astra Space Inc [NASDAQ: ASTR] shares were valued at $0.65 at the most recent close of the market. An investor can expect a potential return of 207.69% based on the average ASTR price forecast.
Analyzing the ASTR fundamentals
According to Astra Space Inc [NASDAQ:ASTR], the company’s sales were 0.96M for trailing twelve months, which represents an -90.78% plunge. Gross Profit Margin for this corporation currently stands at -5.48% with Operating Profit Margin at -151.13%, Pretax Profit Margin comes in at -138.06%, and Net Profit Margin reading is -100.53%. To continue investigating profitability, this company’s Return on Assets is posted at -0.97, Equity is -2.41 and Total Capital is -6.28. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.19.
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 0.6027 points at the first support level, and at 0.5563 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6727, and for the 2nd resistance point, it is at 0.6963.
Astra Space Inc [ASTR] reported earnings per share of -$2.4 for its fiscal quarter that ended on 12/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$2.1/share, meaning a difference of -$0.3 and a surprise factor of -14.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2022 were -$3.9 per share as compared to estimates of -$2.7 per share, a difference of -$1.2 representing a surprise of -44.40%.
Ratios To Look Out For
It is important to note that Astra Space Inc [NASDAQ:ASTR] has a current ratio of 0.65. As well, the Quick Ratio is 0.47, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 15.35, the price to book ratio is 1.49.
Transactions by insiders
Recent insider trading involved Stanford Scott, Director, that happened on Dec 26 ’23 when 18442.0 shares were purchased.
