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Deutsche Bank’s latest rating for ASTR stock

Astra Space Inc’s filing revealed that its Director Stanford Scott acquired Company’s shares for reported $22315.0 on Dec 26 ’23. In the deal valued at $1.21 per share,18,442 shares were bought. As a result of this transaction, Stanford Scott now holds 33,536 shares worth roughly $21798.4.

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Deutsche Bank downgraded its Astra Space Inc [ASTR] rating to a Hold from a a Buy in a research note published on February 02, 2023; the price target was decreased to $1 from $2. 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 Tuesday, Astra Space Inc [NASDAQ:ASTR] saw its stock fall -0.96% to $0.65. Over the last five days, the stock has gained 4.44%. Astra Space Inc shares have fallen nearly -71.42% since the year began. Nevertheless, the stocks have fallen -87.93% over the past one year. While a 52-week high of $6.75 was reached on 01/02/24, a 52-week low of $0.52 was recorded on 03/08/24. SMA at 50 days reached $0.6289, while 200 days put it at $1.6121. A total of 0.32 million shares were traded, compared to the trading of 0.13 million shares in the previous session.

Levels Of Support And Resistance For ASTR Stock

The 24-hour chart illustrates a support level at 0.6153, which if violated will result in even more drops to 0.5788. On the upside, there is a resistance level at 0.7185. A further resistance level may holdings at 0.7852. The Relative Strength Index (RSI) on the 14-day chart is 48.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0255, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.52%. Stochastics %K at 57.69% indicates the stock is a holding.

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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