Astra Space Inc. (NASDAQ: ASTR) has experienced a rise in its stock price by 27.23 compared to its previous closing price of 2.13. However, the company has seen a fall of -25.34% in its stock price over the last five trading days. Seeking Alpha reported 2023-08-14 that Astra Space, Inc. (NASDAQ:ASTR ) Q2 2023 Earnings Conference Call August 14, 2023 4:30 AM ET Company Participants Andrew Hsiung – VP of Strategic Finance and Capital Markets Chris Kemp – Founder, Chairman and CEO Axel Martinez – CFO Conference Call Participants Andre Madrid – Bank of America Suji Desilva – ROTH MKM Operator Ladies and gentlemen, good afternoon. My name is Abby, and I will be your conference operator today.
Is It Worth Investing in Astra Space Inc. (NASDAQ: ASTR) Right Now?
The 36-month beta value for ASTR is also noteworthy at 2.23. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The average price estimated by analysts for ASTR is $15.00, which is $12.29 above than the current price. The public float for ASTR is 14.13M, and at present, short sellers hold a 9.66% of that float. The average trading volume of ASTR on September 18, 2023 was 132.92K shares.
ASTR’s Market Performance
The stock of Astra Space Inc. (ASTR) has seen a -25.34% decrease in the past week, with a -35.96% drop in the past month, and a -54.16% fall in the past quarter. The volatility ratio for the week is 18.58%, and the volatility levels for the past 30 days are at 10.89% for ASTR. The simple moving average for the past 20 days is -23.94% for ASTR’s stock, with a -57.14% simple moving average for the past 200 days.
Analysts’ Opinion of ASTR
Many brokerage firms have already submitted their reports for ASTR stocks, with Deutsche Bank repeating the rating for ASTR by listing it as a “Hold.” The predicted price for ASTR in the upcoming period, according to Deutsche Bank is $1 based on the research report published on February 02, 2023 of the current year 2023.
ASTR Trading at -43.47% from the 50-Day Moving Average
After a stumble in the market that brought ASTR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -77.95% of loss for the given period.
Volatility was left at 10.89%, however, over the last 30 days, the volatility rate increased by 18.58%, as shares sank -29.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -51.17% lower at present.
During the last 5 trading sessions, ASTR fell by -25.34%, which changed the moving average for the period of 200-days by -63.38% in comparison to the 20-day moving average, which settled at $3.51. In addition, Astra Space Inc. saw -58.35% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at ASTR starting from KEMP CHRIS, who purchase 250,000 shares at the price of $0.47 back on Dec 16. After this action, KEMP CHRIS now owns 1,086,980 shares of Astra Space Inc., valued at $118,075 using the latest closing price.
Stock Fundamentals for ASTR
Current profitability levels for the company are sitting at:
- -2812.29 for the present operating margin
- -246.74 for the gross margin
The net margin for Astra Space Inc. stands at -4391.01. The total capital return value is set at -97.50, while invested capital returns managed to touch -153.79. Equity return is now at value -453.30, with -189.40 for asset returns.
Based on Astra Space Inc. (ASTR), the company’s capital structure generated 15.61 points at debt to equity in total, while total debt to capital is 13.50. Total debt to assets is 7.36, with long-term debt to equity ratio resting at 11.00. Finally, the long-term debt to capital ratio is 9.51.
When we switch over and look at the enterprise to sales, we see a ratio of -11.66, with the company’s debt to enterprise value settled at 0.51. The receivables turnover for the company is 2.62 and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.54.
In summary, Astra Space Inc. (ASTR) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.