The price of Astra Space Inc. (NASDAQ:ASTR) shares last traded on Wall Street rose 8.27% to $0.42.
Based on available information, 2 analysts follow Astra Space Inc. (NASDAQ:ASTR). The consensus rating among analysts is ‘Underweight’. As we calculate the median target price by taking the range between a high of $1.00 and a low of $0.30, we find $0.65. Given the previous closing price of $0.39, this indicates a potential upside of 66.67 percent. ASTR stock price is now 11.13% away from the 50-day moving average and -11.76% away from the 200-day moving average. The market capitalization of the company currently stands at $121.22M.
Among analysts, 1 rate the stock a hold while 0 rate it a buy. Brokers who have rated the stock have averaged $0.65 as their price target over the next twelve months.
With the price target reduced from $2 to $1, Deutsche Bank Downgraded its rating from Buy to Hold for Astra Space Inc. (NASDAQ: ASTR).
In other news, KEMP CHRIS, Chief Executive Officer bought 250,000 shares of the company’s stock on Dec 16. The stock was bought for $118,075 at an average price of $0.47. Upon completion of the transaction, the Chief Executive Officer now directly owns 1,086,980 shares in the company, valued at $0.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 19, Chief Executive Officer KEMP CHRIS bought 100,000 shares of the business’s stock. A total of $124,960 was incurred on buying the stock at an average price of $1.25. This leaves the insider owning 857,082 shares of the company worth $0.36 million. Insiders disposed of 5,781,145 shares of company stock worth roughly $2.43 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 GSA CAPITAL PARTNERS LLP during the first quarter worth $371,000. KOSS-OLINGER CONSULTING, LLC invested $251,000 in shares of ASTR during the first quarter. In the first quarter, BAYESIAN CAPITAL MANAGEMENT, LP acquired a new stake in Astra Space Inc. valued at approximately $20,000. SIMPLICITY SOLUTIONS, LLC acquired a new stake in ASTR for approximately $18,000. SYNOVUS FINANCIAL CORP purchased a new stake in ASTR valued at around $8,000 in the second quarter. In total, there are 143 active investors with 44.00% ownership of the company’s stock.
A candlestick chart of Astra Space Inc. (NASDAQ: ASTR) showed a price of $0.3900 on Wednesday morning. During the past 12 months, Astra Space Inc. has had a low of $0.34 and a high of $1.91. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.10, and a quick ratio of 1.00. The fifty day moving average price for ASTR is $0.3779 and a two-hundred day moving average price translates $0.4739 for the stock.
The latest earnings results from Astra Space Inc. (NASDAQ: ASTR) was released for Mar, 2023. According to the Aerospace & Defense Company, earnings per share came in at -$0.16, missing analysts’ expectations of -$0.14 by -0.02. This compares to -$0.33 EPS in the same period last year.
Astra Space Inc.(ASTR) Company Profile
Astra Space, Inc. designs, tests, manufactures, and operates launch services, and space products and services in the United States of America. It operates through Launch Services and Space Products segments. Launch Services segment provides launch services to satellite operators and government, which conduct the launch operations from Pacific Spaceport Complex in Kodiak, Alaska and Cape Canaveral Space Force Station in Cape Canaveral, Florida. Its Space Products segment design and provide space products for satellite launch including space electric propulsion systems comprising propulsion module, which includes thruster, power processing unit, tank, and feed system. The company offers it product and services primarily to satellite operators, satellite manufacturers, and government agencies. Astra Space, Inc. was founded in 2016 and is headquartered in Alameda, California.
