Astra Space Inc Stock Analysis:
Based on the Astra Space Inc stock forecasts from 2 analysts, the average analyst target price for Astra Space Inc is USD 6.00 over the next 12 months. Astra Space Inc’s average analyst rating is Hold . Stock Target Advisor’s own stock analysis of Astra Space Inc is Slightly Bearish, which is based on 2 positive signals and 4 negative signals. At the last closing, Astra Space Inc’s stock price was USD 1.34. Astra Space Inc’s stock price has changed by -6.29% over the past week, -17.79% over the past month and -86.67% over the last year.
Astra Space, Inc.(who merged with Holicity Inc. in July 2021) designs, tests, manufactures, launches, and operates space products and services. The company also designs, tests, manufactures, and operates propulsion modules to enable satellites to orbit in space. Its customers primarily include satellite operators, satellite manufacturers, government agencies, and defense prime contractors. The company was incorporated in 2016 and is headquartered in Alameda, California. Address:
Analysts Recent Ratings:
|Target Price Action||Rating Action||Analyst||Rating||Price||Date|
||Target Lowered by||Deutsche Bank Capital||
USD 7 » USD 6
||Reiterated by||Bank of America Securities||
USD 7 » USD 4
||Maintains||Deutsche Bank Capital||
USD 13 » USD 7
||Upgraded by||Bank of America Securities||
USD 9 » USD 7
What we like:
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
Underpriced compared to book value
The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
What we don’t like:
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
The company had negative total cash flow in the most recent four quarters.
Negative free cash flow
The company had negative total free cash flow in the most recent four quarters.