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Astra Space Inc. (NASDAQ:ASTR) Is -8.77% Lower Than A Week Ago, Can It Hit Well Above -$0.0492?

In last trading session, Astra Space Inc. (NASDAQ:ASTR) saw 1.97 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $0.51 trading at $0.02 or 3.52% at ring of the bell on the day assigns it a market valuation of $140.28M. That closing price of ASTR’s stock is at a discount of -2129.41% from its 52-week high price of $11.37 and is indicating a premium of 3.92% from its 52-week low price of $0.49. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.28 million shares which gives us an average trading volume of 5.21 million if we extend that period to 3-months.

For Astra Space Inc. (ASTR), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.18 in the current quarter.

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Astra Space Inc. (NASDAQ:ASTR) trade information

Upright in the green during last session for gaining 3.52%, in the last five days ASTR remained trading in the red while hitting it’s week-highest on Friday, 11/18/22 when the stock touched $0.51 price level, adding 10.87% to its value on the day. Astra Space Inc.’s shares saw a change of -92.62% in year-to-date performance and have moved -8.77% in past 5-day. Astra Space Inc. (NASDAQ:ASTR) showed a performance of -6.45% in past 30-days. Number of shares sold short was 24.36 million shares which calculate 4.43 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $1.35 to the stock, which implies a rise of 62.22% to its current value. Analysts have been projecting $0.70 as a low price target for the stock while placing it at a high target of $2.00. It follows that stock’s current price would drop -292.16% in reaching the projected high whereas dropping to the targeted low would mean a loss of -37.25% for stock’s current value.

Astra Space Inc. (ASTR) estimates and forecasts

Statistics highlight that Astra Space Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -78.23% of value to its shares in past 6 months, showing an annual growth rate of 87.68% while that of industry is -0.20. Apart from that, the company came raising its revenue forecast for fiscal year 2022.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.72 million for the same. And 1 analysts are in estimates of company making revenue of $1.56 million in the next quarter that will end on Dec 2022.

ASTR Dividends

Astra Space Inc. is more likely to be releasing its next quarterly report between November 09 and November 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Astra Space Inc. (NASDAQ:ASTR)’s Major holders

Insiders are in possession of 4.95% of company’s total shares while institution are holding 46.31 percent of that, with stock having share float percentage of 48.72%. Investors also watch the number of corporate investors in a company very closely, which is 46.31% institutions for Astra Space Inc. that are currently holding shares of the company. Acme, LLC is the top institutional holder at ASTR for having 29.45 million shares of worth $38.29 million. And as of Jun 29, 2022, it was holding 13.91% of the company’s outstanding shares.

The second largest institutional holder is State Street Corporation, which was holding about 17.89 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 8.45% of outstanding shares, having a total worth of $23.26 million.

On the other hand, iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2022, the former fund manager was holding 3.11 million shares of worth $1.9 million or 1.47% of the total outstanding shares. The later fund manager was in possession of 3.04 million shares on Jun 29, 2022, making its stake of worth around $3.96 million in the company or a holder of 1.44% of company’s stock.

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