Astra Current Ratio vs Book Value per Share Analysis

ASTR Stock

USD 0.56 0.01 1.75%

Astra Space financial indicator trend analysis is way more than just evaluating Astra Space prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Astra Space is a good investment. Please check the relationship between Astra Space Current Ratio and its Book Value Per Share accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astra Space. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Astra Stock, please use our How to Invest in Astra Space guide.

Current Ratio vs Book Value Per Share

Current Ratio vs Book Value per Share Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Astra Space Current Ratio account and Book Value per Share. At this time, the significance of the direction appears to have very strong relationship.

The correlation between Astra Space's Current Ratio and Book Value per Share is 0.86. Overlapping area represents the amount of variation of Current Ratio that can explain the historical movement of Book Value per Share in the same time period over historical financial statements of Astra Space, assuming nothing else is changed. The correlation between historical values of Astra Space's Current Ratio and Book Value per Share is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Current Ratio of Astra Space are associated (or correlated) with its Book Value per Share. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Book Value per Share has no effect on the direction of Current Ratio i.e., Astra Space's Current Ratio and Book Value per Share go up and down completely randomly.

Correlation Coefficient

0.86

Relationship Direction	Positive
Relationship Strength	Strong

View All Relationships

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities.

Book Value Per Share

The ratio of equity available to common shareholders divided by the number of outstanding shares. This measure represents the value per share of a company according to its financial statements.

Most indicators from Astra Space's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Astra Space current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astra Space. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Astra Stock, please use our How to Invest in Astra Space guide.As of 04/15/2024, Tax Provision is likely to grow to 0.00, while Selling General Administrative is likely to drop slightly above 62.7 M.

	2021	2022	2023	2024 (projected)
Interest Expense	1.2M	1.7M	1.6M	1.9M
Depreciation And Amortization	133.8M	310.7M	357.3M	375.1M

Interest Expense Depreciation And Amortization

Astra Space fundamental ratios Correlations

	Other Current Liab	Total Current Liabilities	Other Liab	Net Tangible Assets	Retained Earnings	Accounts Payable	Other Assets	Common Stock Shares Outstanding	Total Current Assets	Property Plant Equipment	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Warrants	Current Deferred Revenue	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Long Term Debt	Cash And Short Term Investments	Common Stock Total Equity	Retained Earnings Total Equity	Short Term Investments	Long Term Debt Total
Other Current Liab		0.85	0.19	0.53	-0.94	-0.24	1.0	-0.77	0.6	0.54	0.61	-0.88	0.66	0.61	-0.78	1.0	-0.36	0.2	0.52	0.92	-0.78	0.6	-0.78	0.77	-0.85	-0.78
Total Current Liabilities	0.85		0.26	0.72	-0.86	-0.19	0.81	-0.92	0.58	0.49	0.55	-0.83	0.6	0.53	-0.49	0.84	-0.38	0.25	0.45	0.82	-0.49	0.54	-0.49	0.66	-0.79	-0.49
Other Liab	0.19	0.26		0.72	-0.46	0.89	0.13	-0.49	0.9	0.92	0.89	-0.6	0.86	0.88	0.01	0.16	-0.98	1.0	0.92	0.54	0.01	0.89	0.01	0.0	-0.67	0.01
Net Tangible Assets	0.53	0.72	0.72		-0.68	0.38	0.45	-0.92	0.79	0.77	0.8	-0.72	0.8	0.8	-0.35	0.51	-0.75	0.7	0.79	0.71	-0.35	0.8	-0.35	0.3	-0.75	-0.35
Retained Earnings	-0.94	-0.86	-0.46	-0.68		-0.04	-0.92	0.85	-0.8	-0.74	-0.8	0.98	-0.84	-0.78	0.6	-0.93	0.62	-0.48	-0.72	-0.99	0.6	-0.79	0.6	-0.62	0.97	0.6
Accounts Payable	-0.24	-0.19	0.89	0.38	-0.04		-0.28	-0.06	0.63	0.68	0.61	-0.21	0.57	0.61	0.31	-0.26	-0.81	0.89	0.69	0.14	0.31	0.62	0.31	-0.31	-0.29	0.31
Other Assets	1.0	0.81	0.13	0.45	-0.92	-0.28		-0.72	0.55	0.5	0.57	-0.85	0.61	0.56	-0.79	1.0	-0.31	0.15	0.47	0.9	-0.79	0.56	-0.79	0.79	-0.81	-0.79
Common Stock Shares Outstanding	-0.77	-0.92	-0.49	-0.92	0.85	-0.06	-0.72		-0.72	-0.67	-0.72	0.83	-0.75	-0.72	0.51	-0.76	0.59	-0.48	-0.67	-0.84	0.51	-0.72	0.51	-0.52	0.83	0.51
Total Current Assets	0.6	0.58	0.9	0.79	-0.8	0.63	0.55	-0.72		0.99	0.99	-0.89	1.0	0.99	-0.33	0.58	-0.96	0.91	0.98	0.85	-0.33	0.99	-0.33	0.34	-0.92	-0.33
Property Plant Equipment	0.54	0.49	0.92	0.77	-0.74	0.68	0.5	-0.67	0.99		0.99	-0.84	0.99	0.99	-0.33	0.52	-0.97	0.93	0.99	0.81	-0.33	0.99	-0.33	0.32	-0.88	-0.33
Total Assets	0.61	0.55	0.89	0.8	-0.8	0.61	0.57	-0.72	0.99	0.99		-0.87	1.0	1.0	-0.4	0.59	-0.95	0.89	0.99	0.86	-0.4	1.0	-0.4	0.35	-0.92	-0.4
Short Long Term Debt Total	-0.88	-0.83	-0.6	-0.72	0.98	-0.21	-0.85	0.83	-0.89	-0.84	-0.87		-0.91	-0.86	0.53	-0.87	0.73	-0.61	-0.81	-0.99	0.53	-0.87	0.53	-0.59	1.0	0.53
Total Stockholder Equity	0.66	0.6	0.86	0.8	-0.84	0.57	0.61	-0.75	1.0	0.99	1.0	-0.91		0.99	-0.4	0.64	-0.94	0.87	0.98	0.89	-0.4	1.0	-0.4	0.37	-0.94	-0.4
Property Plant And Equipment Net	0.61	0.53	0.88	0.8	-0.78	0.61	0.56	-0.72	0.99	0.99	1.0	-0.86	0.99		-0.42	0.59	-0.95	0.89	0.99	0.85	-0.42	1.0	-0.42	0.37	-0.91	-0.42
Warrants	-0.78	-0.49	0.01	-0.35	0.6	0.31	-0.79	0.51	-0.33	-0.33	-0.4	0.53	-0.4	-0.42		-0.79	0.12	0.0	-0.36	-0.61	1.0	-0.39	1.0	-0.8	0.51	1.0
Current Deferred Revenue	1.0	0.84	0.16	0.51	-0.93	-0.26	1.0	-0.76	0.58	0.52	0.59	-0.87	0.64	0.59	-0.79		-0.34	0.18	0.5	0.91	-0.79	0.58	-0.79	0.78	-0.83	-0.79
Net Debt	-0.36	-0.38	-0.98	-0.75	0.62	-0.81	-0.31	0.59	-0.96	-0.97	-0.95	0.73	-0.94	-0.95	0.12	-0.34		-0.99	-0.97	-0.69	0.12	-0.96	0.12	-0.12	0.79	0.12
Cash	0.2	0.25	1.0	0.7	-0.48	0.89	0.15	-0.48	0.91	0.93	0.89	-0.61	0.87	0.89	0.0	0.18	-0.99		0.93	0.56	0.0	0.9	0.0	0.01	-0.68	0.0
Non Current Assets Total	0.52	0.45	0.92	0.79	-0.72	0.69	0.47	-0.67	0.98	0.99	0.99	-0.81	0.98	0.99	-0.36	0.5	-0.97	0.93		0.79	-0.36	0.99	-0.36	0.28	-0.86	-0.36
Non Currrent Assets Other	0.92	0.82	0.54	0.71	-0.99	0.14	0.9	-0.84	0.85	0.81	0.86	-0.99	0.89	0.85	-0.61	0.91	-0.69	0.56	0.79		-0.61	0.85	-0.61	0.62	-0.99	-0.61
Long Term Debt	-0.78	-0.49	0.01	-0.35	0.6	0.31	-0.79	0.51	-0.33	-0.33	-0.4	0.53	-0.4	-0.42	1.0	-0.79	0.12	0.0	-0.36	-0.61		-0.39	1.0	-0.8	0.51	1.0
Cash And Short Term Investments	0.6	0.54	0.89	0.8	-0.79	0.62	0.56	-0.72	0.99	0.99	1.0	-0.87	1.0	1.0	-0.39	0.58	-0.96	0.9	0.99	0.85	-0.39		-0.39	0.34	-0.91	-0.39
Common Stock Total Equity	-0.78	-0.49	0.01	-0.35	0.6	0.31	-0.79	0.51	-0.33	-0.33	-0.4	0.53	-0.4	-0.42	1.0	-0.79	0.12	0.0	-0.36	-0.61	1.0	-0.39		-0.8	0.51	1.0
Retained Earnings Total Equity	0.77	0.66	0.0	0.3	-0.62	-0.31	0.79	-0.52	0.34	0.32	0.35	-0.59	0.37	0.37	-0.8	0.78	-0.12	0.01	0.28	0.62	-0.8	0.34	-0.8		-0.55	-0.8
Short Term Investments	-0.85	-0.79	-0.67	-0.75	0.97	-0.29	-0.81	0.83	-0.92	-0.88	-0.92	1.0	-0.94	-0.91	0.51	-0.83	0.79	-0.68	-0.86	-0.99	0.51	-0.91	0.51	-0.55		0.51
Long Term Debt Total	-0.78	-0.49	0.01	-0.35	0.6	0.31	-0.79	0.51	-0.33	-0.33	-0.4	0.53	-0.4	-0.42	1.0	-0.79	0.12	0.0	-0.36	-0.61	1.0	-0.39	1.0	-0.8	0.51

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Astra Space Account Relationship Matchups

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	Pair Corr
0.79	BA	Boeing Report 24th of April 2024	Pair Corr

Moving against Astra Stock

0.88	ERJ	Embraer SA ADR Financial Report 2nd of May 2024	Pair Corr
0.86	GE	GE Aerospace Earnings Call Next Week	Pair Corr
0.81	CW	Curtiss Wright Financial Report 1st of May 2024	Pair Corr
0.81	VSEC	VSE Corporation Financial Report 6th of May 2024	Pair Corr
0.76	HWM	Howmet AerospaceInc Financial Report 7th of May 2024	Pair Corr

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.

Pair Correlation Correlation Matching

When determining whether Astra Space is a strong investment it is important to analyze Astra Space's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Astra Space's future performance. For an informed investment choice regarding Astra Stock, refer to the following important reports:

How To Invest In Astra

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Is Astra Stock a good investment?

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What is Astra Space's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Astra Space. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Astra Stock, please use our How to Invest in Astra Space guide.

You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.

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.

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Astra Current Ratio vs Book Value per Share Analysis

Current Ratio vs Book Value Per Share

Current Ratio vs Book Value per Share Correlation Analysis

Correlation Coefficient

Current Ratio

Book Value Per Share

Astra Space fundamental ratios Correlations

Astra Space Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Pair Trading with Astra Space

Moving together with Astra Stock

Moving against Astra Stock

Complementary Tools for Astra Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Assets	+ 1.0	Other Current Liab
Current Deferred Revenue	+ 1.0	Other Current Liab
Cash	+ 1.0	Other Liab
Current Deferred Revenue	+ 1.0	Other Assets
Total Stockholder Equity	+ 1.0	Total Current Assets
Total Stockholder Equity	+ 1.0	Total Assets

Short Term Investments	- 0.99	Non Currrent Assets Other
Cash	- 0.99	Net Debt
Non Currrent Assets Other	- 0.99	Short Long Term Debt Total
Non Currrent Assets Other	- 0.99	Retained Earnings
Net Debt	- 0.98	Other Liab
Non Current Assets Total	- 0.97	Net Debt