|Bid||1.3600 x 800|
|Ask||1.4300 x 900|
|Day's Range||1.2825 - 1.4200|
|52 Week Range||0.6210 - 11.1000|
|Beta (5Y Monthly)||2.52|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 16, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||15.00|
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Lower stock prices could create deal opportunities for private equity firms or bigger players in the space.
ALAMEDA, Calif., November 16, 2023--Astra Space, Inc. ("Astra") (Nasdaq: ASTR) today announced financial results for its third quarter ended September 30, 2023.
Virgin Galactic (SPCE) shares jumped after the company announced plans to pause space flights in 2024 to focus on developing its next generation of aircrafts. The move comes as Virgin Galactic laid off 18% of staff to "cut costs and realign resources." Meanwhile, space startup Astra Space (ASTR) received a $30 million offer to go private again, just over a year after its IPO. Astra has struggled with failed launches that have weighed on it's stock since going public. Yahoo Finance's Ines Ferre joins Jared Blikre to break down the latest details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.