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AST SpaceMobile Inc. (NASDAQ: ASTS) On Wednesday – Up 41.32% From The Lows, What To Expect Moving Forward?

AST SpaceMobile Inc. (NASDAQ:ASTS)’s traded shares stood at 1.34 million during the last session, with the company’s beta value hitting 0.71. At the close of trading, the stock’s price was $6.05, to imply a decrease of -1.94% or -$0.12 in intraday trading. The ASTS share’s 52-week high remains $14.27, putting it -135.87% down since that peak but still an impressive 41.32% since price per share fell to its 52-week low of $3.55. The company has a valuation of $1.29B, with an average of 1.85 million shares in intraday trading volume over the past 10 days and average of 1.64 million shares over the past 3 months.

Analysts have given a consensus recommendation of a Buy for AST SpaceMobile Inc. (ASTS), translating to a mean rating of 2.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give ASTS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.

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AST SpaceMobile Inc. (NASDAQ:ASTS) trade information

After registering a -1.94% downside in the last session, AST SpaceMobile Inc. (ASTS) has traded red over the past five days. The stock hit a weekly high of 7.00 this Wednesday, 03/15/23, dropping -1.94% in its intraday price action. The 5-day price performance for the stock is -12.32%, and 1.00% over 30 days. With these gigs, the year-to-date price performance is 25.52%. Short interest in AST SpaceMobile Inc. (NASDAQ:ASTS) saw shorts transact 12.91 million shares and set a 10.71 days time to cover.

AST SpaceMobile Inc. (ASTS) estimates and forecasts

Looking at statistics comparing AST SpaceMobile Inc. share performance against respective industry, we note that the company has outperformed competitors. AST SpaceMobile Inc. (ASTS) shares are -38.89% down over the last 6 months, with its year-to-date growth rate higher than industry average at 54.46% against 6.60%. The rating firms project that company’s revenue will grow 22.60% compared to the previous financial year.

Revenue forecast for the current quarter as set by 0 analysts is $2.39 million. Meanwhile, for the quarter ending Jun 2022, a total of 0 analyst(s) estimate revenue growth to $7.26 million.

ASTS Dividends

AST SpaceMobile Inc. has its next earnings report out between March 29 and April 03. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. AST SpaceMobile Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

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