In yesterday’s Wall Street session, Astra Space Inc. (NASDAQ:ASTR) shares traded at $0.46, down -7.34% from the previous session.
As of this writing, 1 analysts cover Astra Space Inc. (NASDAQ:ASTR). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $2.00 and a low of $2.00, we find $2.00. Given the previous closing price of $0.50, this indicates a potential upside of 300.0 percent. ASTR stock price is now -17.69% away from the 50-day moving average and -75.22% away from the 200-day moving average. The market capitalization of the company currently stands at $120.84M.
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There are 0 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $2.00 as their price target over the next twelve months.
With the price target maintained at $4, BofA Securities recently Downgraded its rating from Neutral to Underperform for Astra Space Inc. (NASDAQ: ASTR). On January 19, 2022, BofA Securities Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock reducing its target price from $9 to quote $7, while ‘Deutsche Bank’ rates the stock as ‘Buy’.
In other news, KEMP CHRIS, Chief Executive Officer bought 100,000 shares of the company’s stock on Aug 19. The stock was bought for $124,960 at an average price of $1.25. Upon completion of the transaction, the Chief Executive Officer now directly owns 857,082 shares in the company, valued at $0.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16, former 10% owner A/NPC Holdings LLC sold 1,400,000 shares of the business’s stock. A total of $1,946,000 was realized by selling the stock at an average price of $1.39. This leaves the insider owning 20,888,053 shares of the company worth $9.61 million. Insiders disposed of 9,167,264 shares of company stock worth roughly $4.22 million over the past 1 year. A total of 2.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ASTR stock. A new stake in Astra Space Inc. shares was purchased by MARINER, LLC during the first quarter worth $297,000. TWO SIGMA ADVISERS, LP invested $206,000 in shares of ASTR during the first quarter. In the first quarter, BALYASNY ASSET MANAGEMENT LLC acquired a new stake in Astra Space Inc. valued at approximately $205,000. ERGOTELES LLC acquired a new stake in ASTR for approximately $158,000. HRT FINANCIAL LP purchased a new stake in ASTR valued at around $84,000 in the second quarter. In total, there are 169 active investors with 43.80% ownership of the company’s stock.
Tuesday morning saw Astra Space Inc. (NASDAQ: ASTR) opened at $0.5001. During the past 12 months, Astra Space Inc. has had a low of $0.49 and a high of $9.57. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 3.40, and a quick ratio of 3.40. The fifty day moving average price for ASTR is $0.5629 and a two-hundred day moving average price translates $1.8697 for the stock.
The latest earnings results from Astra Space Inc. (NASDAQ: ASTR) was released for Jun, 2022. According to the Aerospace & Defense Company, earnings per share came in at -$0.31, missing analysts’ expectations of -$0.2 by -0.11. This compares to -$0.06 EPS in the same period last year. For the current quarter, analysts expect ASTR to generate $2.72M in revenue.
Astra Space Inc.(ASTR) Company Profile
Astra Space, Inc., a space launch company, designs, tests, manufactures, and operates launch services, and space products and services. The company also designs, tests, manufactures, and operates propulsion modules to enable satellites to orbit in space. Its customers primarily include satellite operators and manufacturers, government agencies, and defense prime contractors. The company was founded in 2016 and is headquartered in Alameda, California.
