The latest trade, Performances and Moving Averages give us the following Picture
The share price of Astra Space Inc. (NASDAQ:ASTR) raised 9.06% to close Wednesday’s market session at $13.60, higher as compared to yesterday’s close. The stock price fluctuated between $12.664 and $14.1997 throughout the trading session with the volume trading being 6261572 shares, which represented a significant variation when compared to the three months average volume of 1.47 million shares. The firm’s stock price fluctuated 2.03% within the last five trades and 30.02% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 33.33% in the last 6 months and 22.97% was added to its value over the previous 3 months. ASTR stock is trading at a margin of 16.64%, 26.50% and 17.38% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, ASTR deals in the Industrials domain. The stock is trading -39.47 percent below its 52-week high and 42.78 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -19.58. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Astra Space Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The stock’s market cap achieved a total value of $510.27 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The firm managed a Price-to-Book ratio of 2.10, which equates the market value of a stock with its book value.