While Astra Space Inc has overperformed by 4.62%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ASTR fell by -89.01%, with highs and lows ranging from $7.28 to $0.52, whereas the simple moving average fell by -74.88% in the last 200 days.
On February 02, 2023, Deutsche Bank Downgraded Astra Space Inc (NASDAQ: ASTR) to Hold. A report published by BofA Securities on February 11, 2022, Downgraded its rating to ‘Underperform’ for ASTR. BofA Securities also Upgraded ASTR shares as ‘Neutral’, setting a target price of $7 on the company’s shares in a report dated January 19, 2022. BofA Securities Initiated an Underperform rating on October 04, 2021, and assigned a price target of $9. Deutsche Bank initiated its ‘Buy’ rating for ASTR, as published in its report on July 27, 2021.
Analysis of Astra Space Inc (ASTR)
Further, the quarter-over-quarter decrease in sales is -90.78%, showing a negative trend in the upcoming months.
Astra Space Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -217.71% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.47, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and ASTR has an average volume of 626.36K. On a monthly basis, the volatility of the stock is set at 14.66%, whereas on a weekly basis, it is put at 8.67%, with a gain of 21.25% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.00, showing growth from the present price of $0.68, which can serve as yet another indication of whether ASTR is worth investing in or should be passed over.
How Do You Analyze Astra Space Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 27.72%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 6.67% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ASTR shares are owned by institutional investors to the tune of 6.67% at present.
