A recently released animation shows a new look at a large asteroid that has a small, but significant, chance of impacting planet Earth in seven years.

An asteroid could hit Earth, but scientists are continuing to gather data to understand its trajectory and potential impact to Earth.

Astronomers have upped the odds of an asteroid called 2024 YR4 striking Earth, albeit in 2032, but warn that it will most likely soon be downgraded, and miss Earth.

It's actually good news that NASA spotted a sizable asteroid with a (small) chance of hitting Earth in 2032. It means our asteroid-sleuthing telescopes are working.

Experts are tracking asteroid 2024 YR4, which has a 1.2% chance of impacting Earth in 2032. Observations continue to refine its path.

The chance of a major asteroid striking Earth in 2032 heightened to 2.3 percent, but scientists say the likelihood of impact remains very low. Newsweek reached out to NASA for comment via email. NASA is tracking the asteroid,

Look at it this way — there's around a 98 per cent chance an asteroid up to the size of a football field won't hit the Earth in eight years. Still, there's up to a two per cent chance it will, according to NASA and the European Space Agency (ESA).

Space agencies have systems in place to spot, track, and forecast the future orbits of potentially hazardous asteroids.

Days after it was confirmed that asteroid 2024 YR4 has a 1-in-83 chance of colliding with Earth, American space agency, Nasa has charted the course of its orbit and the object's trajectory in space. Nasa's Center of Near Earth Object Studies (CNEOS) is tracking the asteroid and has already prepared its projected orbit that brings it in extreme proximity to Earth.