Astra Space Stock Beneish M Score
| ASTR Stock | USD 0.56 0.01 1.75% |
Astra | Beneish M Score |
At this time, it appears that Astra Space is an unlikely manipulator. The earnings manipulation may begin if Astra Space's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Astra Space executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Astra Space's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-3.47
Beneish M Score - Unlikely Manipulator
Astra Space Beneish M-Score Indicator Trends
The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if Astra Space's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
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| Total Assets | 260.2 M | 200.9 M |
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| Total Current Assets | 136.3 M | 144.6 M |
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| Non Current Assets Total | 82.6 M | 56.3 M |
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| Property Plant Equipment | 44.7 M | 42.6 M |
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| Depreciation And Amortization | 375.1 M | 357.3 M |
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| Selling General Administrative | 62.7 M | 66.3 M |
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| Total Current Liabilities | 51.2 M | 93.8 M |
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| Non Current Liabilities Total | 9.3 M | 9.8 M |
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| Short Term Debt | 3.2 M | 3.4 M |
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| Long Term Debt | 21.8 M | 24.5 M |
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Astra Space Beneish M-Score Driver Matrix
One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between Astra Space's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Astra Space in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Astra Space's degree of accounting gimmicks and manipulations.
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About Astra Space Beneish M Score
M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.
Depreciation And Amortization |
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About Astra Space Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Astra Space's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Astra Space using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Astra Space based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Astra Space
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Astra Space position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Astra Space will appreciate offsetting losses from the drop in the long position's value.Moving together with Astra Stock
| 0.81 | AZ | A2Z Smart Technologies | PairCorr |
| 0.79 | BA | Boeing Report 24th of April 2024 | PairCorr |
Moving against Astra Stock
| 0.88 | ERJ | Embraer SA ADR Financial Report 2nd of May 2024 | PairCorr |
| 0.86 | GE | GE Aerospace Earnings Call This Week | PairCorr |
| 0.81 | CW | Curtiss Wright Financial Report 1st of May 2024 | PairCorr |
| 0.81 | VSEC | VSE Corporation Financial Report 6th of May 2024 | PairCorr |
| 0.76 | HWM | Howmet AerospaceInc Financial Report 7th of May 2024 | PairCorr |
The ability to find closely correlated positions to Astra Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astra Space when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Astra Space - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Astra Space to buy it.
The correlation of Astra Space is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Astra Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astra Space moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Astra Space can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Astra Space Piotroski F Score and Astra Space Altman Z Score analysis. To learn how to invest in Astra Stock, please use our How to Invest in Astra Space guide.You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..
Complementary Tools for Astra Stock analysis
When running Astra Space's price analysis, check to measure Astra Space's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Astra Space is operating at the current time. Most of Astra Space's value examination focuses on studying past and present price action to predict the probability of Astra Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Astra Space's price. Additionally, you may evaluate how the addition of Astra Space to your portfolios can decrease your overall portfolio volatility.
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Is Astra Space's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Astra Space. If investors know Astra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Astra Space listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (7.35) | Revenue Per Share 0.053 | Quarterly Revenue Growth (0.91) | Return On Assets (0.68) | Return On Equity (2.18) |
The market value of Astra Space is measured differently than its book value, which is the value of Astra that is recorded on the company's balance sheet. Investors also form their own opinion of Astra Space's value that differs from its market value or its book value, called intrinsic value, which is Astra Space's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Astra Space's market value can be influenced by many factors that don't directly affect Astra Space's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Astra Space's value and its price as these two are different measures arrived at by different means. Investors typically determine if Astra Space is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Astra Space's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.