In the last trading session, 17.58 million shares of the AST SpaceMobile Inc (NASDAQ:ASTS) were traded, and its beta was 1.63. Most recently the company’s share price was $33.78, and it changed around $0.92 or 2.80% from the last close, which brings the market valuation of the company to $5.12B. ASTS currently trades at a discount to its 52-week high of $39.08, offering almost -15.69% off that amount. The share price’s 52-week low was $1.97, which indicates that the current value has risen by an impressive 94.17% since then. We note from AST SpaceMobile Inc’s average daily trading volume that its 10-day average is 33.25 million shares, with the 3-month average coming to 16.04 million.
AST SpaceMobile Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.17. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended ASTS as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. AST SpaceMobile Inc is expected to report earnings per share of -0.21 for the current quarter.
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AST SpaceMobile Inc (NASDAQ:ASTS) trade information
Instantly ASTS has showed a green trend with a performance of 2.80% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 39.08 on recent trading dayincreased the stock’s daily price by 13.56%. The company’s shares are currently up 460.20% year-to-date, but still down -12.49% over the last five days. On the other hand, AST SpaceMobile Inc (NASDAQ:ASTS) is 79.30% up in the 30-day period. We can see from the shorts that 26.1 million shares have been sold at a short interest cover period of 2.77 day(s).
The consensus price target as assigned by Wall Street analysts is $30, which translates to bulls needing to decrease their stock price by -12.6% from its current value. Analyst projections state that ASTS is forecast to be at a low of $26 and a high of $45.9.
AST SpaceMobile Inc (ASTS) estimates and forecasts
AST SpaceMobile Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 955.62 percent over the past six months and at a -2.80% annual growth rate that is well below the industry average of 1.90%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 8.70% in revenue this quarter, and will report an increase of 40.00% in the next quarter.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 34.5M in revenue for the current quarter. 2 analysts expect AST SpaceMobile Inc to make 58.12M in revenue for the current ending quarter.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -80.78%.
ASTS Dividends
AST SpaceMobile Inc’s next quarterly earnings report is expected to be released on 2024-Nov-12.
AST SpaceMobile Inc (NASDAQ:ASTS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 12.67% of AST SpaceMobile Inc shares, and 36.82% of them are in the hands of institutional investors. The stock currently has a share float of 42.15%. AST SpaceMobile Inc stock is held by 213.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.0583% of the shares, which is about 8.57 million shares worth $99.52 million.
JANUS HENDERSON GROUP PLC, with 6.1384% or 7.45 million shares worth $86.55 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Janus Henderson Triton Fund were the top two Mutual Funds as of Mar 31, 2024 . The former held 3.66 shares worth $123.61 million, making up 2.42% of all outstanding shares. On the other hand, Janus Henderson Triton Fund held roughly 3.29 shares worth around $111.28 million, which represents about 2.17% of the total shares outstanding.
