Astra Stock Performance

ASTR -  USA Stock  

USD 2.35  0.09  3.69%

The firm shows a Beta (market volatility) of 1.5953, which signifies a somewhat significant risk relative to the market. Let's try to break down what Astra's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Astra Space will likely underperform. Even though it is essential to pay attention to Astra Space historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Astra Space exposes twenty-seven different technical indicators, which can help you to evaluate its performance. Astra Space has an expected return of -0.48%. Please be advised to confirm Astra Space jensen alpha, potential upside, as well as the relationship between the Potential Upside and accumulation distribution to decide if Astra Space performance from the past will be repeated at some point in the near future.
  
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Astra Performance
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Over the last 90 days Astra Space has generated negative risk-adjusted returns adding no value to investors with long positions. Even with unfluctuating performance in the last few months, the Stock's basic indicators remain relatively invariable which may send shares a bit higher in June 2022. The latest agitation may also be a sign of long-running up-swing for the enterprise retail investors. ...more

Astra Price Channel

Quick Ratio8.02
Fifty Two Week Low2.0700
Target High Price6.00
Fifty Two Week High16.9500
Target Low Price4.00

Astra Space Relative Risk vs. Return Landscape

If you would invest  348.00  in Astra Space on February 26, 2022 and sell it today you would lose (113.00)  from holding Astra Space or give up 32.47% of portfolio value over 90 days. Astra Space is currently does not generate positive expected returns and assumes 5.1073% risk (volatility on return distribution) over the 90 days horizon. In different words, 44% of stocks are less volatile than Astra, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
 Daily Expected Return (%) 
      Risk (%) 
Given the investment horizon of 90 days Astra Space is expected to under-perform the market. In addition to that, the company is 3.57 times more volatile than its market benchmark. It trades about -0.09 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.08 per unit of volatility.

Astra Space Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Astra Space's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Astra Space, and traders can use it to determine the average amount a Astra Space's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.0948

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Negative ReturnsASTR
Estimated Market Risk
 5.11
  actual daily
 
 44 %
of total potential
 
4444
Expected Return
 -0.48
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 0 %
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 -0.09
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Based on monthly moving average Astra Space is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Astra Space by adding it to a well-diversified portfolio.

About Astra Space Performance

To evaluate Astra Space Stock as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Astra Space generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Astra Stock's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Astra Space stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Astra's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Last ReportedProjected for 2022
Return on Average Assets(3.19) (3.44) 
Return on Average Equity 265.77  216.97 
Return on Invested Capital(5.47) (5.90) 
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. It employs 324 people.

Things to note about Astra Space

Checking the ongoing alerts about Astra Space for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Astra Space help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Astra Space Alerts

Equity Alerts and Improvement Suggestions

Astra Space generated a negative expected return over the last 90 days
Astra Space has high historical volatility and very poor performance
Net Loss for the year was (1.27 B).
Astra Space currently holds about 325.01 M in cash with (114.36 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.23.
Astra Space has a frail financial position based on the latest SEC disclosures
Roughly 17.0% of the company shares are held by company insiders
Latest headline from MacroaxisInsider: Payment of 41751 shares by Lyon Benjamin of Astra Space subject to Rule 16b-3
Please continue to Trending Equities. Note that the Astra Space information on this page should be used as a complementary analysis to other Astra Space's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Piotroski F Score module to get Piotroski F Score based on binary analysis strategy of nine different fundamentals.

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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.
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.