AST SpaceMobile Inc (NASDAQ:ASTS)’s traded shares stood at 2.16 million during the last session, with the company’s beta value hitting 0.87. At the close of trading, the stock’s price was $2.86, to imply an increase of 1.78% or $0.05 in intraday trading. The ASTS share’s 52-week high remains $7.10, putting it -148.25% down since that peak but still an impressive 9.44% since price per share fell to its 52-week low of $2.59. The company has a valuation of $351.21M, with an average of 3.92 million shares in intraday trading volume over the past 10 days and average of 4.44 million shares over the past 3 months.
AST SpaceMobile Inc (NASDAQ:ASTS) trade information
After registering a 1.78% upside in the last session, AST SpaceMobile Inc (ASTS) has traded red over the past five days. The stock hit a weekly high of 2.97, jumping 1.78% in its intraday price action. The 5-day price performance for the stock is -3.05%, and -15.38% over 30 days. With these gigs, the year-to-date price performance is -52.57%. Short interest in AST SpaceMobile Inc (NASDAQ:ASTS) saw shorts transact 16.66 million shares and set a 4.78 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 underperformed competitors. AST SpaceMobile Inc (ASTS) shares are -21.43% down over the last 6 months, with its year-to-date growth rate lower than industry average at -51.72% against 2.40%. Revenue is forecast to shrink -64.30% this quarter before jumping 21.70% for the next one.
Meanwhile, for the quarter ending Mar 2024, a total of 2 analyst(s) estimate revenue growth to $5 million.
ASTS Dividends
AST SpaceMobile Inc has its next earnings report out on April 01. 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%.
AST SpaceMobile Inc (NASDAQ:ASTS)’s Major holders
AST SpaceMobile Inc insiders hold 15.42% of total outstanding shares, with institutional holders owning 28.24% of the shares at 33.39% float percentage. In total, 28.24% institutions holds shares in the company, led by Blackrock Inc.. As of Jun 29, 2023, the company held over 4.01 million shares (or 4.48% of shares), all amounting to roughly $18.85 million.
The next major institution holding the largest number of shares is Vanguard Group Inc with 3.8 million shares, or about 4.25% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $17.85 million.
We also have Vanguard Total Stock Market Index Fund and Janus Henderson Triton Fund as the top two Mutual Funds with the largest holdings of the AST SpaceMobile Inc (ASTS) shares. Going by data provided on Jun 29, 2023, Vanguard Total Stock Market Index Fund holds roughly 2.48 million shares. This is just over 2.78% of the total shares, with a market valuation of $11.67 million. Data from the same date shows that the other fund manager holds a little less at 2.2 million, or 2.46% of the shares, all valued at about 10.36 million.
