Astra Stock Today

ASTR
 Stock
  

USD 0.63  0.03  4.55%   

Market Performance
0 of 100
Odds Of Distress
Less than 28
Astra Space is selling at 0.63 as of the 6th of October 2022; that is -4.55 percent down since the beginning of the trading day. The stock's lowest day price was 0.62. Astra Space has about a 28 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Astra Space are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of September 2022 and ending today, the 6th of October 2022. Click here to learn more.
Astra Space, Inc. designs, tests, manufactures, launches, and operates space products and services. The company was incorporated 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. The company has 202.08 M outstanding shares of which 33.69 M shares are presently shorted by private and institutional investors with about 8.25 trading days to cover. More on Astra Space

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+0.88HPQHp Inc Fiscal Year End 22nd of November 2022 PairCorr
Follow Valuation Odds of Bankruptcy
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Astra Space Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Astra Space's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Astra Space or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Astra Space generated a negative expected return over the last 90 days
Astra Space has high historical volatility and very poor performance
Astra Space has some characteristics of a very speculative penny stock
The company reported the previous year's revenue of 3.91 M. Net Loss for the year was (184.52 M).
Astra Space currently holds about 255.19 M in cash with (148.95 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.97, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Roughly 17.0% of the company shares are held by company insiders
Latest headline from techcrunch.com: Astra brings on new CFO as it looks to scale launch and propulsion businesses - TechCrunch
Average Analyst Recommendation
Analysts covering Astra Space report their recommendations after researching Astra Space's financial statements, talking to executives and customers, or listening in on Astra Space's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Astra Space. The Astra consensus assessment is calculated by taking the average forecast from all of the analysts covering Astra Space.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of Astra Space's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
Strong SellUndervalued
Astra Space (ASTR) is traded on NASDAQ Exchange in USA and employs 324 people. The company currently falls under 'Small-Cap' category with current market capitalization of 157.83 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Astra Space's market, we take the total number of its shares issued and multiply it by Astra Space's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and these looking for more risk prefer small-cap and mid-cap equities. Astra Space conducts business under Industrials sector and is part of Aerospace & Defense industry. The entity has 202.08 M outstanding shares of which 33.69 M shares are presently shorted by private and institutional investors with about 8.25 trading days to cover. Astra Space currently holds about 255.19 M in cash with (148.95 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.97, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Astra Space Probability Of Bankruptcy
Ownership
Astra Space retains a total of 202.08 Million outstanding shares. 30% of Astra Space outstanding shares are owned by other corporate entities. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulation than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or about to change. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.

Ownership Allocation (%)

Check Astra Ownership Details

Astra Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Astra Space jumping above the current price in 90 days from now is about 91.66%. The Astra Space probability density function shows the probability of Astra Space stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.9378. This suggests as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Astra Space will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. Astra Space is significantly underperforming DOW.
  Odds Below 0.63HorizonTargetOdds Above 0.63
8.31%90 days
 0.63 
91.66%
Based on a normal probability distribution, the odds of Astra Space to move above the current price in 90 days from now is about 91.66 (This Astra Space probability density function shows the probability of Astra Stock to fall within a particular range of prices over 90 days) .

Astra Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Astra Space that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Astra Space's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Astra Space's value.
InstituionSecurity TypeTotal SharesValue
Acme LlcCommon Shares29.5 M38.3 M
State Street CorpCommon Shares17.9 M23.3 M
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Astra Space Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Astra Space market risk premium is the additional return an investor will receive from holding Astra Space long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Astra Space. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Astra Space's alpha and beta are two of the key measurements used to evaluate Astra Space's performance over the market, the standard measures of volatility play an important role as well.

Astra Stock Against Markets

Picking the right benchmark for Astra Space stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Astra Space stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Astra Space is critical whether you are bullish or bearish towards Astra Space at a given time.

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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The danger of trading Astra Space is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Astra Space is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Astra Space. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Astra Space is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Please continue to Trending Equities. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

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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.
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.