Astra Space (NASDAQ:ASTR) Announces Quarterly Earnings Results

Astra Space (NASDAQ:ASTRGet Rating) released its quarterly earnings data on Thursday. The company reported ($0.26) earnings per share (EPS) for the quarter, reports. The business had revenue of $3.91 million during the quarter.

Astra Space stock opened at $3.09 on Friday. The business’s 50-day simple moving average is $3.73 and its 200 day simple moving average is $6.06. Astra Space has a 12-month low of $2.87 and a 12-month high of $16.95.

A number of institutional investors have recently bought and sold shares of the stock. Canaan Partners X LLC bought a new position in Astra Space in the third quarter valued at about $179,793,000. State Street Corp boosted its holdings in Astra Space by 1,411.4% in the fourth quarter. State Street Corp now owns 5,836,974 shares of the company’s stock valued at $40,450,000 after acquiring an additional 5,450,774 shares during the last quarter. Mckinley Capital Management LLC Delaware bought a new position in Astra Space in the fourth quarter valued at about $19,047,000. BlackRock Inc. boosted its holdings in Astra Space by 84.5% during the fourth quarter. BlackRock Inc. now owns 3,174,610 shares of the company’s stock worth $22,000,000 after buying an additional 1,453,978 shares during the last quarter. Finally, Comprehensive Financial Management LLC bought a new position in Astra Space during the third quarter worth about $17,061,000. Institutional investors and hedge funds own 48.21% of the company’s stock.

Several research analysts have issued reports on ASTR shares. Deutsche Bank Aktiengesellschaft dropped their price objective on Astra Space from $7.00 to $6.00 in a research note on Wednesday, April 20th. Bank of America reiterated an “underperform” rating and set a $4.00 price objective (down from $7.00) on shares of Astra Space in a research note on Friday, February 11th.

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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