Astra Space (ASTR) to Release Earnings on Thursday

Astra Space (NASDAQ:ASTR – Get Rating) is set to release its earnings data after the market closes on Thursday, May 5th.

Astra Space (NASDAQ:ASTR – Get Rating) last released its quarterly earnings results on Thursday, March 31st. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.05. On average, analysts expect Astra Space to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

NASDAQ ASTR opened at $3.32 on Friday. Astra Space has a 52-week low of $2.87 and a 52-week high of $16.95. The business’s 50-day moving average price is $3.74 and its 200 day moving average price is $6.32.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Morgan Stanley acquired a new stake in shares of Astra Space during the 3rd quarter valued at approximately $809,000. Royal Bank of Canada acquired a new stake in shares of Astra Space during the 3rd quarter valued at approximately $26,000. Millennium Management LLC acquired a new stake in shares of Astra Space during the 3rd quarter valued at approximately $2,181,000. UBS Group AG acquired a new stake in shares of Astra Space during the 3rd quarter valued at approximately $178,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Astra Space during the 3rd quarter valued at approximately $15,338,000. 33.73% of the stock is currently owned by institutional investors.

ASTR has been the topic of a number of research reports. Bank of America reissued an “underperform” rating and set a $4.00 price target (down previously from $7.00) on shares of Astra Space in a report on Friday, February 11th. Deutsche Bank Aktiengesellschaft lowered their price target on Astra Space from $7.00 to $6.00 in a report on Wednesday, April 20th.

Astra Space Company Profile (Get Rating)

Astra Space, Inc designs, tests, manufactures, launches, and operates space products and services. The company also designs, tests, manufactures, and operates propulsion modules to enable satellites to orbit in space. Its customers primarily include satellite operators, satellite manufacturers, government agencies, and defense prime contractors.

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