In the last trading session, 37.37 million AST SpaceMobile Inc (NASDAQ:ASTS) shares changed hands as the company’s beta touched 1.59. With the company’s per share price at $38.60 changed hands at $7.57 or 24.40% during last session, the market valuation stood at $5.85B. ASTS’s last price was a premium, traded about 4.48% off its 52-week high of $36.87. The share price had its 52-week low at $1.97, which suggests the last value was 94.9% up since then. When we look at AST SpaceMobile Inc’s average trading volume, we note the 10-day average is 26.45 million shares, with the 3-month average coming to 15.07 million.
Analysts gave the AST SpaceMobile Inc (ASTS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.17. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ASTS as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight.
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AST SpaceMobile Inc (NASDAQ:ASTS) trade information
Instantly ASTS was in green as seen at the end of in last trading. With action 95.64%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 540.13%, with the 5-day performance at 95.64% in the green. However, in the 30-day time frame, AST SpaceMobile Inc (NASDAQ:ASTS) is 200.62% up. Looking at the short shares, we see there were 26.1 million shares sold at short interest cover period of 2.77 days.
The consensus price target for the stock as assigned by Wall Street analysts is 28, meaning bulls need a downside of -37.86% from its current market value. According to analyst projections, ASTS’s forecast low is 26 with 30 as the target high. To hit the forecast high, the stock’s price needs a 22.28% surge from its current level, while the stock would need to tank 32.64% for it to hit the projected low.
AST SpaceMobile Inc (ASTS) estimates and forecasts
Data shows that the AST SpaceMobile Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 1025.36% over the past 6 months, a -2.80% in annual growth rate that is considerably lower than the industry average of -0.10%.
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 15.99%.
ASTS Dividends
AST SpaceMobile Inc is expected to release its next quarterly earnings report in September.
AST SpaceMobile Inc (NASDAQ:ASTS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 12.64% of AST SpaceMobile Inc shares while 36.88% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 42.22%. There are 36.88% institutions holding the AST SpaceMobile Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-03-31, the company held 6.405% of the shares, roughly 7.78 million ASTS shares worth $22.56 million.
JANUS HENDERSON GROUP PLC holds the second largest percentage of outstanding shares, with 6.1347% or 7.45 million shares worth $21.61 million as of 2024-03-31.
