On May 22, 2023, Astra Space Inc. (NASDAQ: ASTR) opened at $0.37, higher 11.19% from the last session. During the day, the shares moved up to $0.4084 and dropped to $0.3601 before settling in for the closing price of $0.36. Price fluctuations for ASTR have ranged from $0.35 to $2.75 over the past 52 weeks.
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Company’s average yearly earnings per share was noted 67.90% at the time writing. With a float of $200.09 million, this company’s outstanding shares have now reached $268.30 million.
The extent of productivity of a business whose workforce counts for 359 workers is very important to gauge. In terms of profitability, gross margin is -246.74, operating margin of -2812.29, and the pretax margin is -4391.01.
Astra Space Inc. (ASTR) Insider Updates
A key investor’s attitude towards the stock of the Aerospace & Defense industry is another important factor to consider. The insider ownership of Astra Space Inc. is 2.50%, while institutional ownership is 44.00%. The most recent insider transaction that took place on Dec 16, was worth 118,075. In this transaction Chief Executive Officer of this company bought 250,000 shares at a rate of $0.47, taking the stock ownership to the 1,086,980 shares. Before that another transaction happened on Aug 19, when Company’s Chief Executive Officer bought 100,000 for $1.25, making the entire transaction worth $124,960. This insider now owns 857,082 shares in total.
Astra Space Inc. (ASTR) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 12/30/2022, the company posted -$0.16 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.14) by -$0.02. This company achieved a net margin of -4391.01 while generating a return on equity of -158.60. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 67.90% per share during the next fiscal year.
Astra Space Inc. (NASDAQ: ASTR) Trading Performance Indicators
Check out the current performance indicators for Astra Space Inc. (ASTR). In the past quarter, the stock posted a quick ratio of 1.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.55, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach -0.27 in one year’s time.
Technical Analysis of Astra Space Inc. (ASTR)
The latest stats from [Astra Space Inc., ASTR] show that its last 5-days average volume of 2.21 million was superior to 1.75 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 39.35%. Additionally, its Average True Range was 0.03.
During the past 100 days, Astra Space Inc.’s (ASTR) raw stochastic average was set at 13.34%, which indicates a significant decrease from 86.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 77.23% in the past 14 days, which was lower than the 79.85% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3978, while its 200-day Moving Average is $0.5878. Now, the first resistance to watch is $0.4191. This is followed by the second major resistance level at $0.4379. The third major resistance level sits at $0.4674. If the price goes on to break the first support level at $0.3708, it is likely to go to the next support level at $0.3413. Assuming the price breaks the second support level, the third support level stands at $0.3225.
Astra Space Inc. (NASDAQ: ASTR) Key Stats
There are currently 270,771K shares outstanding in the company with a market cap of 106.08 million. Presently, the company’s annual sales total 9,370 K according to its annual income of -411,440 K. Last quarter, the company’s sales amounted to 0 K and its income totaled -44,310 K.
