Astra’s stock price continues its downward plummet, hitting an all time low of $0.405 on December 20, 2022. The downward trend is “not good” since the closing price of their stock must be at least $1 for a minimum of 10 consecutive business days in order to avoid a delisting notification from NASDAQ on April 4, 2023.
Astra has a few options to raise their stock price: positive news regarding customer contracts and cash position will certainly deliver a pop; and the other option is to do a reverse stock split. Time will tell… and the clock is ticking.
To understand how Astra ended up in this situation take a look at Astra Space Inc. Company History 2016 to the Present. For more information about how the delisting process works see Will Astra be delisted from the Nasdaq? To see how Astra stacks up against other Space SPAC companies check this out Space SPAC Companies Performance. For a wider perspective on relative performance read Space Companies Relative Performance (Publicly Listed).
