Astra Space Inc. [ASTR] Chief Executive Officer makes an insider purchase of 250,000 shares worth 0.12 million.


Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Astra Space Inc. shares valued at $118,075 were purchased by KEMP CHRIS on Dec 16. At $0.47 per share, KEMP CHRIS acquired 250,000 shares. The insider’s holdings grew to 1,086,980 shares worth approximately $0.6 million following the completion of this transaction.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


Also, KEMP CHRIS purchased 100,000 shares, netting a total of over 124,960 in proceeds. Following the buying of shares at $1.25 each, the insider now holds 857,082 shares.

Before that, A/NPC Holdings LLC had sold 1,400,000 shares from its account. In a trade valued at $1,946,000, the former 10% owner traded Astra Space Inc. shares for $1.39 each. Upon closing the transaction, the insider’s holdings decreased to 1,400,000 shares, worth approximately $11.49 million.

As published in a research note from Deutsche Bank on February 02, 2023, Astra Space Inc. [ASTR] has been rated down from a Buy to a Hold and the price target has been revised to $1 from $2. This represents a 45.0% premium over Wednesday’s closing price. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in mid February. As of January 19, 2022, BofA Securities has increased its “an Underperform” rating to a “Neutral” for ASTR. Earlier on October 04, 2021, BofA Securities initiated its rating. Their recommendation was “an Underperform” for ASTR stock.

Analyzing ASTR Stock Performance

On Wednesday, Astra Space Inc. [NASDAQ: ASTR] rose 2.18% to $0.55. The stock’s lowest price that day was $0.5521, but it reached a high of $0.6065 in the same session. During the last five days, there has been a drop of approximately -8.63%. Over the course of the year, Astra Space Inc. shares have jumped approximately 27.57%. Shares of the company reached a 52-week high of $0.7400 on 01/18/23 and a 52-week low of $0.4303 on 01/03/23. A 50-day SMA is recorded $0.5399, while a 200-day SMA reached $1.0375. Nevertheless, trading volume fell to 3.13 million shares from 2.33 million shares the previous day.

Support And Resistance Levels for Astra Space Inc. (ASTR)

According to the 24-hour chart, there is a support level at 0.5348, which, if violated, would cause prices to drop to 0.5163. In the upper region, resistance lies at 0.5892. The next price resistance is at 0.6251. RSI (Relative Strength Index) is 43.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0558, which suggests the price will decrease in the coming days. Percent R is at 88.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Astra Space Inc. subject to short interest?

Stocks of Astra Space Inc. saw a sharp steep in short interest on Jan 30, 2023 dropping by -0.87 million shares to 21.94 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 22.81 million shares. A decline of -3.97% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 11.03 of the overall float, the days-to-cover ratio (short ratio) decline to 11.03.

Which companies own the most shares of Astra Space Inc. (ASTR)?

According to BlackRock Fund Advisors filings, the company currently owns 9,078,668 shares, which is about 4.28% of the total ASTR shares outstanding. The investor’s shares have plunged by -1,047,997 from its previous 13-F filing of 10126665.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $5,011,648. Renaissance Technologies LLC reduced a -37.54% interest valued at $2.61 million while McKinley Capital Management LLC 0 stake. In its current portfolio, SSgA Funds Management, Inc. holds 2,410,970 shares valued at $1.53 million.

In terms of Astra Space Inc. share price expectations, FactSet research, analysts set an average price target of $0.65 in the next 12 months, up nearly 20.37% from the previous closing price of $0.54. Analysts anticipate Astra Space Inc. stock to reach $1.00 by 2023, with the lowest price target being $0.30. In spite of this, 2 analysts ranked Astra Space Inc. stock as an Underweight at the end of 2023. On July 27, 2021, Deutsche Bank assigned a price target of “a Buy” to the stock and initiated coverage with a $13.


Please enter your comment!
Please enter your name here