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How to Buy Astra Space Stock

Astra Space Inc

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.

Astra Space stock last closed at $0.51, down 1.93% from the previous day, and has decreased 91.19% in one year. It has underperformed other stocks in the Aerospace & Defense industry by 1.07 percentage points. Astra Space stock is currently +3.05% from its 52-week low of $0.49, and -92.14% from its 52-week high of $6.45.

There are currently 22.89M shares of ASTR outstanding. The market capitalization of ASTR is $11.61M. In the last 24 hours, 186,109 ASTR shares were traded.

How to Buy Astra Space Stock

Not sure how to invest in Astra Space stock? Here's how.
  1. Decide where to buy Astra Space stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Astra Space stock.
  2. Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Put funds into your brokerage account: Pick your payment method and add your details.
  4. Evaluate Astra Space stock: The Astra Space ticker symbol is ASTR. Is Astra Space stock a good investment? Should you buy shares of ASTR? How do ASTR's underlying business fundamentals look? Do top analysts think Astra Space is a good buy? Why has ASTR's stock price moved recently? (Hint: Our stock market analysis website can help you understand if ASTR is a good stock to buy).
  5. Execute your ASTR purchase: Decide if you will purchase ASTR shares at the current market price or use a limit order to purchase ASTR stock at a given price.
  6. Watch your ASTR position: Create a watchlist to track your new investment in Astra Space shares.

Step 1: Decide where to buy Astra Space stock

You will need an online brokerage account in order to access the NASDAQ market and buy ASTR shares.

A brokerage account enables you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create your brokerage account

Now that you've chosen your brokerage, you need to fill out some personal details so you are able to buy ASTR today.

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Step 3: Put funds into your brokerage account

Now that you've finished signing up on stock market app, you can securely and quickly fund your account:

Watch this video walkthrough if you need help transferring money into your new brokerage account.

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Step 4: Evaluate Astra Space stock

After you have figured out the best place to buy Astra Space stock, it's absolutely critical to evaluate their stock before you buy, so you actually wrap your head around the risk as well as the opportunity.

Astra Space shares at a glance

ASTR Price
$0.51
1w %
-0.98%
1y %
-91.19%
5y %
N/A
P/E
-0.1x
P/B
-0.34x
P/S
2.77x
PEG
N/A
Revenue
$4.16M
Earnings
-$95.35M
Fore. Rev. Growth
N/A
Fore. Earn. Growth
N/A
Market Cap
$11.61M
Next Earnings
Aug 12, 2024
Next Dividend
N/A

Astra Space Due Diligence Checks

WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on ASTR's stock page.

Is ASTR stock undervalued or overvalued?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge ASTR's fair value.

You can access more valuation analysis on ASTR's stock here.

ASTR Financial Health Summary

Passed Health Checks:

  • There are more short-term assets than long-term liabilities on the ASTR balance sheet.

Failed Health Checks:

  • There are more short-term liabilities than short-term assets on the ASTR balance sheet.
  • Total ASTR debt is still negative.
  • ASTR has $7.13M in cash and short term investments. This is not sufficient to cover its annual cash burn of $83.74M.
  • ASTR debt to equity ratio of -3.32 is negative.
  • ASTR profit margin has gone up by 44.96 percentage points in the past year, but the company is still unprofitable.
  • ASTR has cash burn of 83738000. It does not have enough cash and short-term investments to cover this.

You can dive deeper into what analysts are saying on the Astra Space stock forecast page.

ASTR Trading Indicators

SMA10
0.51
SMA20
0.51
SMA50
0.58
SMA100
0.72
SMA200
1.1
MACD
-0.02
MACD Signal
-0.03
MACD Histogram
0
RSI
38.24
Stochastic %K
39.58
Stochastic %D
34.32
StochRSI %K
78.02
StochRSI %D
78.46

ASTR Growth Numbers

Last year, ASTR revenue was $4.16M. Over the past two year, ASTR's revenue has grown by 3.12% per year. This was slower than the Aerospace & Defense industry average of 7.83%.

Dig into ASTR's earnings and revenue performance here.

Are ASTR insiders buying or selling the stock?

In the last year, insiders at ASTR have sold more shares than they have bought.

Martin Attiq, Chief Business Officer of ASTR, was the latest ASTR insider to sell. They sold $392.23 worth of ASTR shares on May 16, 2024.

Learn more about who owns ASTR stock here.

Does ASTR stock generate passive income?

No, Astra Space doesn't provide an income stream by paying out dividends.

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Step 5: Execute your ASTR purchase

There are two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are generally fine.
  • Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a particular dollar amount limit, use a limit order.

Hit the Open Trade button and your broker will place the order.

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Open eToro Account

Step 6: Watch your ASTR position

Now that you own some ASTR stock, you'll want to keep up with your investment.

Create a watchlist to track the most important metrics related to your ASTR stock.

ASTR Feed

How to Buy Stock in Astra Space

To reiterate, here are the 6 steps to buy Astra Space stock:

  1. Decide where to buy Astra Space stock
  2. Create your brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Astra Space stock
  5. Execute your ASTR purchase
  6. Watch your ASTR position

If you require a online brokerage, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to monitor your investment in Astra Space, create your watchlist below.

NASDAQ: ASTR
$0.51-0.01 (-1.93%)
Updated Jul 11, 2024
Open eToro Account
NASDAQ: ASTR
$0.51-0.01 (-1.93%)
Updated Jul 11, 2024
Open eToro Account

FAQ

How much does it cost to buy one Astra Space share?

As of Jul 11, 2024, it costs $0.51 to buy one share of Astra Space stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.25, you can buy 0.5 shares of ASTR.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Astra Space stock?

One way to place an order for Astra Space stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.