Astra Space Stock Probability Of Bankruptcy
Astra Space's likelihood of distress is above 80% at this time. It has very high risk of going through financial crunch in the upcoming years. Astra Space's Probability of distress is determined by interpolating and adjusting Astra Altman Z Score to account for off-balance-sheet items and missing or unfiled public information. All items used in analyzing the odds of distress are taken from the Astra balance sheet, as well as cash flow and income statements available from the company's most recent filings. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Astra |
Astra Space Company probability of distress Analysis
Astra Space's Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
More About Probability Of Bankruptcy | All Equity Analysis
Probability Of Bankruptcy | = | Normalized | | Z-Score |
Current Astra Space Probability Of Bankruptcy | Over 100% |
Most of Astra Space's fundamental indicators, such as Probability Of Bankruptcy, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Astra Space is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Our calculation of Astra Space probability of bankruptcy is based on Altman Z-Score and Piotroski F-Score, but not limited to these measures. To be applied to a broader range of industries and markets, we use several other techniques to enhance the accuracy of predicting Astra Space odds of financial distress. These include financial statement analysis, different types of price predictions, earning estimates, analysis consensus, and basic intrinsic valuation. Please use the options below to get a better understanding of different measures that drive the calculation of Astra Space financial health.
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. The Probability of Bankruptcy SHOULD NOT be confused with the actual chance of a company to file for chapter 7, 11, 12, or 13 bankruptcy protection. Macroaxis simply defines Financial Distress as an operational condition where a company is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from both public financial statements as well as analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors taken into account include analysis of liquidity, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
CompetitionBased on the latest financial disclosure, Astra Space has a Probability Of Bankruptcy of 100%. This is 134.85% higher than that of the Machinery sector and 176.47% higher than that of the Industrials industry. The probability of bankruptcy for all United States stocks is 151.07% lower than that of the firm.
Astra Probability Of Bankruptcy Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Astra Space's direct or indirect competition against its Probability Of Bankruptcy to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Astra Space could also be used in its relative valuation, which is a method of valuing Astra Space by comparing valuation metrics of similar companies.Astra Space is currently under evaluation in probability of bankruptcy category among its peers.
Astra Fundamentals
Return On Equity | -19.94 | |||
Return On Asset | -0.69 | |||
Operating Margin | (85.56) % | |||
Current Valuation | 39.65 M | |||
Shares Outstanding | 19.01 M | |||
Shares Owned By Insiders | 2.45 % | |||
Shares Owned By Institutions | 20.32 % | |||
Number Of Shares Shorted | 1.66 M | |||
Price To Book | 1.20 X | |||
Price To Sales | 2.94 X | |||
Revenue | 3.87 M | |||
Gross Profit | (20.16 M) | |||
EBITDA | (139.06 M) | |||
Net Income | (178.38 M) | |||
Cash And Equivalents | 200.68 M | |||
Cash Per Share | 0.76 X | |||
Total Debt | 73.38 M | |||
Debt To Equity | 0.03 % | |||
Current Ratio | 3.45 X | |||
Book Value Per Share | (1.48) X | |||
Cash Flow From Operations | (103.27 M) | |||
Short Ratio | 6.55 X | |||
Earnings Per Share | (6.33) X | |||
Price To Earnings To Growth | 0.02 X | |||
Target Price | 15.0 | |||
Number Of Employees | 193 | |||
Beta | 2.78 | |||
Market Capitalization | 12.24 M | |||
Total Asset | 77.42 M | |||
Retained Earnings | (2 B) | |||
Working Capital | (99.83 M) | |||
Net Asset | 77.42 M |
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.The ability to find closely correlated positions to Salesforce could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Salesforce 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 Salesforce - 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 Salesforce to buy it.
The correlation of Salesforce 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 Salesforce moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Salesforce 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 Salesforce 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 Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Other Consideration for investing in Astra Stock
If you are still planning to invest in Astra Space check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Astra Space's history and understand the potential risks before investing.
FinTech Suite Use AI to screen and filter profitable investment opportunities | |
Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
Portfolio Anywhere Track or share privately all of your investments from the convenience of any device | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. |