Astra Space Inc. (NASDAQ:ASTR) has seen 2.21 million shares traded in the last trading session. The company, currently valued at $160.48M, closed the last trade at $0.64 per share which meant it gained $0.04 on the day or 7.17% during that session. The ASTR stock price is -837.5% off its 52-week high price of $6.00 and 35.94% above the 52-week low of $0.41. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.39 million shares traded. The 3-month trading volume is 2.16 million shares.
The consensus among analysts is that Astra Space Inc. (ASTR) is an Underweight stock at the moment, with a recommendation rating of 3.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 0 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.18.
Astra Space Inc. (NASDAQ:ASTR) trade information
Sporting 7.17% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the ASTR stock price touched $0.64 or saw a rise of 13.51%. Year-to-date, Astra Space Inc. shares have moved 47.19%, while the 5-day performance has seen it change 4.79%. Over the past 30 days, the shares of Astra Space Inc. (NASDAQ:ASTR) have changed 56.34%. Short interest in the company has seen 24.36 million shares shorted with days to cover at 4.43.
Wall Street analysts have a consensus price target for the stock at $0.30, which means that the shares’ value could drop -113.33% from current levels. The projected low price target is $0.30 while the price target rests at a high of $0.30. In that case, then, we find that the current price level is 53.12% off the targeted high while a plunge would see the stock lose 53.12% from current levels.
Astra Space Inc. (ASTR) estimates and forecasts
Figures show that Astra Space Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -52.70% over the past 6 months, with this year growth rate of 89.28%, compared to -2.20% for the industry.
1 analysts offering their estimates for the company have set an average revenue estimate of $2.72 million for the current quarter. 1 have an estimated revenue figure of $1.56 million for the next quarter concluding in Dec 2022.
Astra Space Inc. is expected to release its next earnings report between March 29 and April 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Astra Space Inc. (NASDAQ:ASTR)’s Major holders
Insiders own 4.95% of the company shares, while shares held by institutions stand at 46.31% with a share float percentage of 48.72%. Investors are also buoyed by the number of investors in a company, with Astra Space Inc. having a total of 169 institutions that hold shares in the company. The top two institutional holders are Acme, LLC with over 29.45 million shares worth more than $38.29 million. As of Jun 29, 2022, Acme, LLC held 13.91% of shares outstanding.
The other major institutional holder is State Street Corporation, with the holding of over 17.89 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $23.26 million and represent 8.45% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2022, the former fund manager holds about 1.47% shares in the company for having 3.11 million shares of worth $1.9 million while later fund manager owns 3.04 million shares of worth $3.96 million as of Jun 29, 2022, which makes it owner of about 1.44% of company’s outstanding stock.