Astra Space Inc. (ASTR) shares surged 5.96% in after-hours on Friday, January 14, 2022, and closed the weekly trading at $5.87. Even in the regular trading sessions of Friday, ASTR’s stock gained 1.09%. ASTR shares have fallen 46.73% over the last 12 months, and they have moved down 9.62% in the past week. Over the past three months, the stock has lost 37.12%, while over the past six months, it has declined 42.05%.
Let’s have a brief look at its latest news and developments.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
>> 7 Top Picks for the Post-Pandemic Economy <<
ASTR redeemed all outstanding Public and Private Warrants
On January 03, 2022, Astra Space, Inc. (ASTR) announced the results of the completed redemption of all of its outstanding public warrants and private warrants and together with the Public Warrants, to purchase shares of the Company’s Class A common stock, par value $0.0001 per share, that were issued under the Warrant Agreement, dated August 4, 2020, by and between the Company and Continental Stock Transfer & Trust Company as warrant agent. The Public Warrants were issued as part of the units sold in the Company’s initial public offering.
Read More
ASTR first launch for NASA
On December 06, 2021, Astra Space, Inc (ASTR) announced its plans to deploy its first satellite in orbit for the National Aeronautics and Space Administration (NASA) in January 2022. The launch from Cape Canaveral will be conducted out of Space Launch Complex 46 (SLC-46) and will be Astra’s first launch out of Cape Canaveral.
ASTR first commercial orbital launch
Astra Space, Inc. (ASTR), successfully completed its first commercial orbital launch for the United States Space Force late Friday night, November 19, 2021, PST. The launch, STP-27AD2, was conducted from Astra’s Kodiak Spaceport, located at the Pacific Spaceport Complex in Kodiak, Alaska.
The company successfully placed a test payload to an inclination of 86.0 degrees at an altitude of 500 km. The payload achieved an orbital velocity of 7.61 kilometers per second in 8 minutes and 47 seconds.
ASTR latest financial results
On November 11, 2021, Astra Space, Inc. (ASTR) announced financial results for its third quarter ended September 30, 2021.
Q3 2021 financial highlights
- Total operating expenses were $42.54 million in Q3 2021 compared to $7.78 million in Q3 2020.
- It suffered a GAAP net loss of $16.2 million in Q3 2021 compared to a net loss of $5.2 million in Q3 2020.
- Adjusted EBITDA was $32.9 million in Q3 2021 compared to a negative $3 million in Q3 2020.
- The company ended the third quarter with cash and cash equivalents totaling $378.7 million.
Q4 2021 financial outlook
For the fourth quarter ending December 31, 2021, Astra Space expect,
- Adjusted EBITDA in the range of $40.0 million and $44.0 million.
- Capital expenditures between $15.0 million and $20.0 million.
- Depreciation and Amortization between $2.2 million and $2.5 million.
- Basic shares outstanding between 258 million and 260 million.
- Capital expenditures between $15.0 million and $20.0 million.
>> 7 Top Picks for the Post-Pandemic Economy <<
Conclusion
Well, as of this writing, we have no recent news but in recent past, the company is rising and we can expect it to continue its positive performance on Tuesday as well.
