AST SpaceMobile Inc (NASDAQ: ASTS) Stock: More Upside Ahead?

In the last trading session, 3.18 million AST SpaceMobile Inc (NASDAQ:ASTS) shares changed hands as the company’s beta touched 0.90. With the company’s per share price at $2.13 changed hands at $0.02 or 0.95% during last session, the market valuation stood at $261.56M. ASTS’s last price was a discount, traded about -233.33% off its 52-week high of $7.10. The share price had its 52-week low at $1.97, which suggests the last value was 7.51% up since then. When we look at AST SpaceMobile Inc’s average trading volume, we note the 3-month average coming to 4.81 million.

AST SpaceMobile Inc (NASDAQ:ASTS) trade information

Instantly ASTS was in green as seen at the end of in last trading. With action -3.40%, the performance over the past five days has been red. The jump to weekly highs of 2.35 added 0.95% to the stock’s daily price. The company’s shares are showing year-to-date downside of -64.68%, with the 5-day performance at -3.40% in the red. However, in the 30-day time frame, AST SpaceMobile Inc (NASDAQ:ASTS) is -31.29% down.

AST SpaceMobile Inc (ASTS) estimates and forecasts

Data shows that the AST SpaceMobile Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -38.08% over the past 6 months, a 44.86% in annual growth rate that is considerably higher than the industry average of 7.90%. Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -80.78%. The 2024 estimates are for AST SpaceMobile Inc earnings to increase by 29.64%.