Astra Space
ASTR
#8046
Rank
$15.48 M
Marketcap
$0.68
Share price
6.73%
Change (1 day)
62.38%
Change (1 year)
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P/E ratio for Astra Space (ASTR)

P/E ratio as of March 2024 (TTM): -0.0399

According to Astra Space's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -0.039883. At the end of 2022 the company had a P/E ratio of -0.0185.

P/E ratio history for Astra Space from 2021 to 2023

PE ratio at the end of each year

Year P/E ratio Change
2022-0.0185-79.98%
2021-0.0927

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.