A Guide To The Risks Of Investing In Astra Space Inc. (ASTR)


Astra Space Inc.’s filing revealed that its Chief Executive Officer KEMP CHRIS acquired Company’s shares for reported $0.12 million on Dec 16. In the deal valued at $0.47 per share,250,000 shares were bought. As a result of this transaction, KEMP CHRIS now holds 1,086,980 shares worth roughly $ 0.55 million.

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Then, KEMP CHRIS bought 100,000 shares, generating $124,960 in total proceeds. Upon buying the shares at $1.25, the Chief Executive Officer now owns 857,082 shares.

Before that, A/NPC Holdings LLC sold 1,400,000 shares. Astra Space Inc. shares valued at $1,946,000 were divested by the former 10% owner at a price of $1.39 per share. As a result of the transaction, A/NPC Holdings LLC now holds 20,888,053 shares, worth roughly $10.65 million.

Deutsche Bank downgraded its Astra Space Inc. [ASTR] rating to a Hold from a a Buy in a research note published on Friday, February 02, 2023; the price target was decreased to $1 from $2. PT values the company’s stock at a premium of 49.0 to its Friday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid February from “a Neutral” to “an Underperform”. BofA Securities also remained covering ASTR and has increased its forecast on January 19, 2022 with a “Neutral” recommendation from previously “an Underperform” rating. BofA Securities started covering the stock on October 04, 2021. It rated ASTR as “an Underperform”.

Price Performance Review of ASTR

On Friday, Astra Space Inc. [NASDAQ:ASTR] saw its stock fall -6.80% to $0.51. On the same session, the stock had its day’s lowest price of $0.5058, but rose to a high of $0.565. Over the last five days, the stock has lost -13.78%. Astra Space Inc. shares have risen nearly 18.17% since the year began. Nevertheless, the stocks have fallen -83.30% over the past one year. While a 52-week high of $4.77 was reached on 01/18/23, a 52-week low of $0.41 was recorded on 01/03/23. SMA at 50 days reached $0.5421, while 200 days put it at $1.0139. A total of 1.84 million shares were traded, compared to the trading of 2.0 million shares in the previous session.

Levels Of Support And Resistance For ASTR Stock

The 24-hour chart illustrates a support level at 0.4906, which if violated will result in even more drops to 0.4686. On the upside, there is a resistance level at 0.5498. A further resistance level may holdings at 0.5870. The Relative Strength Index (RSI) on the 14-day chart is 38.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0578, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.90%. Stochastics %K at 7.97% indicates the stock is a buying.

How much short interest is there in Astra Space Inc.?

A steep rise in short interest was recorded in Astra Space Inc. stocks on Jan 30, 2023, dropping by -0.87 million shares to a total of 21.94 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 22.81 million shares. There was a decline of -3.97%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 18.63% of the overall stock float, the days-to-cover ratio (short ratio) fell to 11.03.

Astra Space Inc. [ASTR] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 9,078,668 shares, or roughly 4.28% of the outstanding ASTR shares. In other words, the investor’s shares have fallen by -1,047,997 from its previous 13-F filing of 10126665.0. Additionally, The Vanguard Group, Inc. decreased -5.61% of its stake after which the total value it holdings stand at $5,011,648, while Renaissance Technologies LLC reduced -37.54% of its stake to hold $2.61 million in the firm. At present, Pine Ridge Advisers LLC is holding 2,701,101 shares valued at $1.72 million. SSgA Funds Management, Inc. owned 2,410,970 shares of the company at the time of its most recent 13F filing, worth $1.53 million.

The most recent change occurred on July 27, 2021 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $13 price target.


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