Astra Stock Story

ASTR
 Stock
  

USD 1.30  0.01  0.78%   

Astra Space is currently does not generate positive expected returns and assumes 5.4199% risk (volatility on return distribution) over the 90 days horizon. While some of us are excited about industrials space, it makes sense to sum up Astra Space in greater detail to make a better estimate of its risk and reward. What exactly are Astra Space shareholders getting in June? Astra Space high volatility, while potentially profitable, can lead to more considerable losses for your portfolios.
Published over two months ago
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Astra Space (NASDAQ:ASTR) high volatility trend continues

The company currently holds 9.18 M in liabilities with Debt to Equity (D/E) ratio of 0.02, which may suggest Astra Space is not taking enough advantage from borrowing. Astra Space has a current ratio of 11.06, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Astra Space until it has trouble settling it off, either with new capital or with free cash flow. So, Astra Space's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Astra Space sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Astra to invest in growth at high rates of return. When we think about Astra Space's use of debt, we should always consider it together with cash and equity.
The firm shows a Beta (market volatility) of 2.4481, which signifies a somewhat significant risk relative to the market. Let's try to break down what Astra's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Astra Space will likely underperform. Even though it is essential to pay attention to Astra Space historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any stock's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Astra Space exposes twenty-one different technical indicators, which can help you to evaluate its performance. Astra Space has an expected return of -0.16%. Please be advised to confirm Astra Space variance and potential upside to decide if Astra Space performance from the past will be repeated at some point in the near future.
Volatility is a rate at which the price of Astra Space or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of Astra Space may increase or decrease. In other words, similar to Astra's beta indicator, it measures the risk of Astra Space and helps estimate the fluctuations that may happen in a short period of time. So if prices of Astra Space fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.

Watch out for price decline

Please consider monitoring Astra Space on a daily basis if you are holding a position in it. Astra Space is trading at a penny-stock level, and the possibility of delisting is much higher compared to other equities. However, just because the stock is trading under one dollar, does not mean it will be marked for deletion. Most exchanges require public instruments, such as Astra Space stock to be traded above the $1 level to remain listed. If Astra Space stock price falls below $1 for 30 consecutive trading days, the exchange can delist it. Once the company reaches this point, they will be sent an initial price violation notice directly from an exchange.

How important is Astra Space's Liquidity

Astra Space financial leverage refers to using borrowed capital as a funding source to finance Astra Space ongoing operations. It is usually used to expand the firm's asset base and generate returns on borrowed capital. Astra Space financial leverage is typically calculated by taking the company's all interest-bearing debt and dividing it by total capital. So the higher the debt-to-capital ratio (i.e., financial leverage), the riskier the company. Please check the breakdown between Astra Space's total debt and its cash.

How does Astra utilize its cash?

To perform a cash flow analysis of Astra Space, investors first need to understand how to read the cash flow statement. A cash flow statement shows the amount of cash Astra Space is receiving and how much cash it distributes out in a given period. The Astra Space cash flow statement breaks down these inflows and outflows into different buckets, including operating activities, investing activities, and financing activities.
Astra Space Net Cash Flow from Operations is relatively stable at the moment as compared to the past year. Astra Space reported last year Net Cash Flow from Operations of (114.36 Million)

Astra Space Volatility Drivers

Astra Space unsystematic risk is unique to Astra Space and usually not directly affected by the market or economic environment. An example of unsystematic risk is the possibility of poor earnings or a layoff due to coronavirus. One may mitigate nonsystematic risk by buying different securities in the same industry or by buying in different sectors. For example, if you have a position in Astra Space you can also buy Bed Bath Beyond. You can also mitigate this risk by investing in the aerospace & defense sector as well as in companies having nothing to do with it. This type of risk is also called diversifiable risk and can be understood from analyzing Astra Space important indicators over time. Here we run a correlation analysis between relevant fundamental ratios over at least ten year period to find a relationship in the way they react to changes in Astra Space income statement and balance sheet. Here are more details about Astra volatility.
1.01.0-0.9-0.121.00.730.62-1.0-0.04-1.0-1.00.98-0.990.980.83-0.930.821.00.980.99-1.00.471.01.0-1.00.990.99-1.01.00.99-0.980.320.960.991.00.99
1.01.0-0.9-0.121.00.730.62-1.0-0.03-1.0-1.00.98-0.990.980.84-0.930.821.00.980.99-1.00.471.01.0-1.00.990.99-1.01.00.99-0.980.320.960.991.00.99
1.01.0-0.9-0.121.00.730.62-1.0-0.03-1.0-1.00.98-0.990.980.84-0.930.821.00.980.99-1.00.471.01.0-1.00.990.99-1.01.00.99-0.980.320.960.991.00.99
-0.9-0.9-0.90.55-0.91-0.35-0.210.870.470.870.89-0.830.85-0.86-0.771.0-0.49-0.9-0.96-0.950.89-0.04-0.9-0.90.89-0.89-0.890.87-0.9-0.890.97-0.71-0.85-0.89-0.9-0.94
-0.12-0.12-0.120.55-0.150.590.70.071.00.070.110.00.02-0.06-0.10.470.46-0.14-0.3-0.250.110.81-0.12-0.120.12-0.12-0.120.07-0.12-0.120.32-0.98-0.11-0.12-0.12-0.24
1.01.01.0-0.91-0.150.710.6-1.0-0.07-1.0-1.00.98-0.990.980.84-0.940.81.00.990.99-1.00.441.01.0-1.00.990.99-1.01.00.99-0.980.350.960.991.01.0
0.730.730.73-0.350.590.710.99-0.760.66-0.76-0.730.79-0.80.750.58-0.430.980.720.590.63-0.740.940.730.73-0.730.710.71-0.760.730.72-0.57-0.420.720.720.730.64
0.620.620.62-0.210.70.60.99-0.660.76-0.66-0.630.7-0.70.660.53-0.30.950.610.460.51-0.630.980.620.62-0.620.620.62-0.660.620.62-0.45-0.540.590.620.620.52
-1.0-1.0-1.00.870.07-1.0-0.76-0.66-0.021.01.0-0.991.0-0.99-0.850.91-0.85-1.0-0.97-0.981.0-0.52-1.0-1.01.0-0.99-0.991.0-1.0-0.990.97-0.27-0.96-0.99-1.0-0.98
-0.04-0.03-0.030.471.0-0.070.660.76-0.02-0.020.030.08-0.070.02-0.030.390.53-0.05-0.22-0.170.020.86-0.03-0.030.03-0.03-0.03-0.02-0.03-0.030.24-0.96-0.03-0.03-0.04-0.15
-1.0-1.0-1.00.870.07-1.0-0.76-0.661.0-0.021.0-0.991.0-0.99-0.850.91-0.85-1.0-0.97-0.981.0-0.52-1.0-1.01.0-0.99-0.991.0-1.0-0.990.97-0.27-0.96-0.99-1.0-0.98
-1.0-1.0-1.00.890.11-1.0-0.73-0.631.00.031.0-0.990.99-0.99-0.850.93-0.83-1.0-0.98-0.991.0-0.48-1.0-1.01.0-0.99-0.991.0-1.0-0.990.98-0.31-0.96-0.99-1.0-0.99
0.980.980.98-0.830.00.980.790.7-0.990.08-0.99-0.99-0.981.00.9-0.880.890.980.940.96-0.990.580.980.99-0.970.990.99-0.990.990.99-0.940.210.910.990.980.96
-0.99-0.99-0.990.850.02-0.99-0.8-0.71.0-0.071.00.99-0.98-0.98-0.820.89-0.87-0.99-0.96-0.970.99-0.55-0.99-0.990.99-0.98-0.981.0-0.99-0.980.95-0.22-0.97-0.98-0.99-0.98
0.980.980.98-0.86-0.060.980.750.66-0.990.02-0.99-0.991.0-0.980.92-0.90.850.980.950.97-0.990.530.990.99-0.971.01.0-0.990.991.0-0.950.270.91.00.980.97
0.830.840.84-0.77-0.10.840.580.53-0.85-0.03-0.85-0.850.9-0.820.92-0.790.740.850.810.84-0.850.450.840.86-0.810.910.91-0.850.860.9-0.830.30.660.90.830.83
-0.93-0.93-0.931.00.47-0.94-0.43-0.30.910.390.910.93-0.880.89-0.9-0.79-0.56-0.94-0.98-0.970.93-0.13-0.93-0.930.93-0.92-0.930.91-0.93-0.930.99-0.64-0.89-0.93-0.93-0.97
0.820.820.82-0.490.460.80.980.95-0.850.53-0.85-0.830.89-0.870.850.74-0.560.810.70.74-0.830.890.820.82-0.810.830.83-0.850.820.83-0.69-0.270.760.830.820.75
1.01.01.0-0.9-0.141.00.720.61-1.0-0.05-1.0-1.00.98-0.990.980.85-0.940.810.980.99-1.00.461.01.0-1.00.990.99-1.01.00.99-0.980.340.960.991.00.99
0.980.980.98-0.96-0.30.990.590.46-0.97-0.22-0.97-0.980.94-0.960.950.81-0.980.70.981.0-0.980.30.980.98-0.980.970.97-0.970.980.97-1.00.490.950.970.981.0
0.990.990.99-0.95-0.250.990.630.51-0.98-0.17-0.98-0.990.96-0.970.970.84-0.970.740.991.0-0.990.350.990.99-0.990.980.98-0.980.990.99-1.00.440.950.990.991.0
-1.0-1.0-1.00.890.11-1.0-0.74-0.631.00.021.01.0-0.990.99-0.99-0.850.93-0.83-1.0-0.98-0.99-0.49-1.0-1.01.0-0.99-0.991.0-1.0-0.990.98-0.31-0.96-0.99-1.0-0.99
0.470.470.47-0.040.810.440.940.98-0.520.86-0.52-0.480.58-0.550.530.45-0.130.890.460.30.35-0.490.470.48-0.470.480.48-0.520.480.48-0.28-0.670.430.480.470.36
1.01.01.0-0.9-0.121.00.730.62-1.0-0.03-1.0-1.00.98-0.990.990.84-0.930.821.00.980.99-1.00.471.0-1.00.990.99-1.01.00.99-0.980.320.960.991.00.99
1.01.01.0-0.9-0.121.00.730.62-1.0-0.03-1.0-1.00.99-0.990.990.86-0.930.821.00.980.99-1.00.481.0-1.00.991.0-1.01.01.0-0.980.320.951.01.00.99
-1.0-1.0-1.00.890.12-1.0-0.73-0.621.00.031.01.0-0.970.99-0.97-0.810.93-0.81-1.0-0.98-0.991.0-0.47-1.0-1.0-0.98-0.981.0-1.0-0.980.98-0.32-0.98-0.98-1.0-0.99
0.990.990.99-0.89-0.120.990.710.62-0.99-0.03-0.99-0.990.99-0.981.00.91-0.920.830.990.970.98-0.990.480.990.99-0.981.0-0.990.991.0-0.970.320.911.00.990.98
0.990.990.99-0.89-0.120.990.710.62-0.99-0.03-0.99-0.990.99-0.981.00.91-0.930.830.990.970.98-0.990.480.991.0-0.981.0-0.990.991.0-0.970.320.911.00.990.98
-1.0-1.0-1.00.870.07-1.0-0.76-0.661.0-0.021.01.0-0.991.0-0.99-0.850.91-0.85-1.0-0.97-0.981.0-0.52-1.0-1.01.0-0.99-0.99-1.0-0.990.97-0.27-0.96-0.99-1.0-0.98
1.01.01.0-0.9-0.121.00.730.62-1.0-0.03-1.0-1.00.99-0.990.990.86-0.930.821.00.980.99-1.00.481.01.0-1.00.990.99-1.01.0-0.980.320.951.01.00.99
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-0.98-0.98-0.980.970.32-0.98-0.57-0.450.970.240.970.98-0.940.95-0.95-0.830.99-0.69-0.98-1.0-1.00.98-0.28-0.98-0.980.98-0.97-0.970.97-0.98-0.97-0.51-0.94-0.97-0.98-1.0
0.320.320.32-0.71-0.980.35-0.42-0.54-0.27-0.96-0.27-0.310.21-0.220.270.3-0.64-0.270.340.490.44-0.31-0.670.320.32-0.320.320.32-0.270.320.32-0.510.290.320.320.43
0.960.960.96-0.85-0.110.960.720.59-0.96-0.03-0.96-0.960.91-0.970.90.66-0.890.760.960.950.95-0.960.430.960.95-0.980.910.91-0.960.950.92-0.940.290.920.960.96
0.990.990.99-0.89-0.120.990.720.62-0.99-0.03-0.99-0.990.99-0.981.00.9-0.930.830.990.970.99-0.990.480.991.0-0.981.01.0-0.991.01.0-0.970.320.920.990.98
1.01.01.0-0.9-0.121.00.730.62-1.0-0.04-1.0-1.00.98-0.990.980.83-0.930.821.00.980.99-1.00.471.01.0-1.00.990.99-1.01.00.99-0.980.320.960.990.99
0.990.990.99-0.94-0.241.00.640.52-0.98-0.15-0.98-0.990.96-0.980.970.83-0.970.750.991.01.0-0.990.360.990.99-0.990.980.98-0.980.990.98-1.00.430.960.980.99
Click cells to compare fundamentals

Detailed Perspective On Astra Space

Net Loss for the year was (1.26 B).

Will Astra Space eventually start a bounce back?

Latest market risk adjusted performance is at -0.33. Astra Space is displaying above-average volatility over the selected time horizon. Investors should scrutinize Astra Space independently to ensure intended market timing strategies are aligned with expectations about Astra Space volatility. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Astra Space's stock risk against market volatility during both bullying and bearish trends. The higher level of volatility that comes with bear markets can directly impact Astra Space's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different stocks as prices fall.

Astra Space Implied Volatility

Astra Space's implied volatility exposes the market's sentiment of Astra Space stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Astra Space's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Astra Space stock will not fluctuate a lot when Astra Space's options are near their expiration.

Our Conclusion on Astra Space

While many other companies in the aerospace & defense industry are either recovering or due for a correction, Astra Space may not be performing as strong as the other in terms of long-term growth potentials. With a relatively neutral outlook on the latest economy, it is better to hold off any trading of Astra as the current risk-reward utility is not appealing enough. Please use our equity advice module to run different scenarios to ensure your current risk level and investment horizon are fully reflective of your current investing preferences in regards to Astra Space.

Editorial Staff

This story should be regarded as informational only and should not be considered a solicitation to sell or buy any financial products. Macroaxis does not express any opinion as to the present or future value of any investments referred to in this post. This post may not be reproduced without the consent of Macroaxis LLC. Macroaxis LLC and Gabriel Shpitalnik do not own shares of Astra Space. Please refer to our Terms of Use for any information regarding our disclosure principles.

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