Astra Fundamentals

ASTR
 Stock
  

USD 0.49  0.02  3.92%   

Astra Space fundamentals help investors to digest information that contributes to Astra Space's financial success or failures. It also enables traders to predict the movement of Astra Stock. The fundamental analysis module provides a way to measure Astra Space's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Astra Space stock.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.
  

Astra Net Income Analysis

Astra Space's Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.
Net Income 
 = 
(Rev + Gain) 
-  
(Exp + Loss) 
More About Net Income | All Equity Analysis

Current Astra Space Net Income

    
  (235.53 M)  
Most of Astra Space's fundamental indicators, such as Net Income, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Astra Space is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Compare to competition

Based on the recorded statements, Astra Space reported net income of (235.53 Million). This is 190.78% lower than that of the Industrials sector and 121.27% lower than that of the Aerospace & Defense industry. The net income for all United States stocks is 141.25% higher than that of the company.

Astra Space Fundamental Drivers Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Astra Space's current stock value. Our valuation model uses many indicators to compare Astra Space value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Astra Space competition to find correlations between indicators driving Astra Space's intrinsic value. More Info.
Astra Space is rated fifth in debt to equity category among related companies. It is rated fifth in shares owned by institutions category among related companies producing about  1,654  of Shares Owned by Institutions per Debt to Equity. . Comparative valuation analysis is a catch-all model that can be used if you cannot value Astra Space by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Astra Space's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Astra Space's earnings, one of the primary drivers of an investment's value.

Astra Earnings Per Share Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Astra Space's direct or indirect competition against its Earnings Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Astra Space could also be used in its relative valuation, which is a method of valuing Astra Space by comparing valuation metrics of similar companies.
Astra Space is currently under evaluation in earnings per share category among related companies.

Astra Fundamentals

About Astra Space Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Astra Space's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Astra Space using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Astra Space based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Astra Space, Inc., a space launch company, designs, tests, manufactures, and operates launch services, and space products and services. The company was founded in 2016 and is headquartered in Alameda, California. Astra Space operates under Aerospace Defense classification in the United States and is traded on NASDAQ Exchange. It employs 324 people.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Astra Space without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Pair Trading with Astra Space

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Astra Space position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Astra Space will appreciate offsetting losses from the drop in the long position's value.

Moving together with Astra Space

+0.79CCLCarnival Corp Fiscal Year End 19th of December 2022 PairCorr

Moving against Astra Space

-0.85AZOAutozone Earnings Call  This WeekPairCorr
-0.84APAApa Corp Potential GrowthPairCorr
-0.65ULTAUlta Beauty Earnings Call  TomorrowPairCorr
The ability to find closely correlated positions to Astra Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astra Space when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Astra Space - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Astra Space to buy it.
The correlation of Astra Space is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Astra Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astra Space moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Astra Space can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Please continue to Astra Space Piotroski F Score and Astra Space Altman Z Score analysis. You can also try Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.

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When running Astra Space price analysis, check to measure Astra Space's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Astra Space is operating at the current time. Most of Astra Space's value examination focuses on studying past and present price action to predict the probability of Astra Space's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Astra Space's price. Additionally, you may evaluate how the addition of Astra Space to your portfolios can decrease your overall portfolio volatility.
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Is Astra Space's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Astra Space. If investors know Astra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Astra Space listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
135.4 M
Return On Assets
(0.45) 
Return On Equity
(1.52) 
The market value of Astra Space is measured differently than its book value, which is the value of Astra that is recorded on the company's balance sheet. Investors also form their own opinion of Astra Space's value that differs from its market value or its book value, called intrinsic value, which is Astra Space's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Astra Space's market value can be influenced by many factors that don't directly affect Astra Space's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Astra Space's value and its price as these two are different measures arrived at by different means. Investors typically determine Astra Space value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astra Space's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.