Geode Capital Management LLC recently announced the acquisition of new stake in Astra Space Inc. (NASDAQ:ASTR). The institutional investor has increased its shareholding in the Industrials company by 7.40% to 2.73 million shares with purchase of 0.19 million shares. This fresh investment now brings its stake to 1.27% valued currently at $1.16 million. In addition, Jacobs Levy Equity Management, In raised its holdings by 1.18 million to 1.35 million shares.
With over 1.74 million Astra Space Inc. (ASTR) shares trading Friday and a closing price of $0.36 on the day, the dollar volume was approximately $0.63 million. The shares have shown a negative half year performance of -35.81% and its price on 05/19/23 gained nearly 2.21%. Currently, there are 268.30M common shares owned by the public and among those 200.09M shares have been available to trade.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
Sponsored
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for ASTR have a consensus price objective of $0.65. The analysts have set the share’s price value over the next 12 months at a high of $1.00 and a low of $0.30. But an upside of 64.0% will see the stock hit the forecast high price target while median target price for the stock is $0.65.
Insiders at the company have transacted a total of 27 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 9 of these insider trades were purchases, accounting for 745,661 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 5,771,521 shares.
The top 3 mutual fund holders in Astra Space Inc. are Vanguard Total Stock Market ETF, iShares Russell 2000 ETF, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market ETF owns 5.32 million shares of the company’s stock, all valued at over $2.25 million. iShares Russell 2000 ETF sold 48000.0 shares to see its total holdings shrink to 3.28 million shares valued at over $1.39 million and representing 1.53% of the shares outstanding. Vanguard Extended Market Index Fu now owns shares totaling to 0.79% of the shares outstanding.
Shares of Astra Space Inc. (NASDAQ: ASTR) opened at $0.3615, up $0.01 from a prior closing price of $0.35. However, the script later moved the day high at 0.3699, up 2.21%. The company’s stock has a 5-day price change of -1.93% and -38.46% over the past three months. ASTR shares are trading -17.01% year to date (YTD), with the 12-month market performance down to -86.42% lower. It has a 12-month low price of $0.35 and touched a high of $2.75 over the same period. ASTR has an average intraday trading volume of 1.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -7.02%, -10.05%, and -40.01% respectively.
Institutional ownership of Astra Space Inc. (NASDAQ: ASTR) shares accounts for 44.00% of the company’s 268.30M shares outstanding. Mutual fund holders own 11.95%, while other institutional holders and individual stakeholders account for 38.30% and 10.57% respectively.
It has a market capitalization of $95.40M. The earnings-per-share (ttm) stands at -$1.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.07% over the week and 6.00% over the month.
Analysts forecast that Astra Space Inc. (ASTR) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and -$0.27 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was -$0.2 a year ago. Earnings per share for the fiscal year are expected to increase by 67.90%, and 53.40% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Astra Space Inc. (ASTR) as a “Hold” at a consensus score of 3.50. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
