Astra Space Inc. [NASDAQ: ASTR] price plunged by -3.75 percent to reach at -$0.3. The company report on December 21, 2021 that Astra Reminds Investors of the Redemption of Warrants.
Astra Space, Inc. (“Astra” or the “Company”) (Nasdaq: ASTR), announced that as of December 20, 2021, approximately 4.0 million public and private warrants (the “Redeemable Warrants”) have been exercised. As previously announced on November 26, 2021, the Company provided notice to the holders of the Redeemable Warrants that their warrants will be redeemed in accordance with the terms of the Redeemable Warrants if they are not exercised before 5:00 p.m. New York City time on December 27, 2021 (the “Redemption Date”).
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As a courtesy, the Company would like to remind any remaining holders of Redeemable Warrants that if the remaining approximately 11.3 million Redeemable Warrants are not exercised prior to the Redemption Date, they will be redeemed at the redemption price of $0.10 per Redeemable Warrant.
A sum of 2944726 shares traded at recent session while its average daily volume was at 4.65M shares. Astra Space Inc. shares reached a high of $8.06 and dropped to a low of $7.66 until finishing in the latest session at $7.71.
The one-year ASTR stock forecast points to a potential upside of 29.91. The average equity rating for ASTR stock is currently 2.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Astra Space Inc. [ASTR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ASTR shares is $11.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ASTR stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Astra Space Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on October 04, 2021. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on July 27, 2021, representing the official price target for Astra Space Inc. stock.
The Average True Range (ATR) for Astra Space Inc. is set at 0.71 The Price to Book ratio for the last quarter was 4.56, with the Price to Cash per share for the same quarter was set at 1.47.
ASTR Stock Performance Analysis:
Astra Space Inc. [ASTR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.58. With this latest performance, ASTR shares dropped by -31.59% in over the last four-week period, additionally sinking by -42.16% over the last 6 months – not to mention a drop of -24.26% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ASTR stock in for the last two-week period is set at 34.55, with the RSI for the last a single of trading hit 28.60, and the three-weeks RSI is set at 38.45 for Astra Space Inc. [ASTR]. The present Moving Average for the last 50 days of trading for this stock 9.53, while it was recorded at 8.08 for the last single week of trading, and 10.18 for the last 200 days.
Insight into Astra Space Inc. Fundamentals:
Reflecting on the efficiency of the workforce at the company, Astra Space Inc. [ASTR] managed to generate an average of -$2,447,424 per employee.Astra Space Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 11.10 and a Current Ratio set at 11.30.
Astra Space Inc. [ASTR] Insider Position Details
There are presently around $606 million, or 37.40% of ASTR stock, in the hands of institutional investors. The top three institutional holders of ASTR stocks are: SHERPACAPITAL, LLC with ownership of 29,450,003, which is approximately New of the company’s market cap and around 2.00% of the total institutional ownership; CANAAN PARTNERS X LLC, holding 20,689,668 shares of the stock with an approximate value of $165.72 million in ASTR stocks shares; and LIGHT STREET CAPITAL MANAGEMENT, LLC, currently with $52.26 million in ASTR stock with ownership of nearly 117.485% of the company’s market capitalization.
Positions in Astra Space Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 74 institutional holders increased their position in Astra Space Inc. [NASDAQ:ASTR] by around 69,900,102 shares. Additionally, 26 investors decreased positions by around 8,931,861 shares, while 3 investors held positions by with 3,235,949 shares. The mentioned changes placed institutional holdings at 75,596,014 shares, according to the latest SEC report filing. ASTR stock had 55 new institutional investments in for a total of 62,717,793 shares, while 19 institutional investors sold positions of 8,525,826 shares during the same period.