During the recent session, AST SpaceMobile Inc (NASDAQ:ASTS)’s traded shares were 9.66 million, with the beta value of the company hitting 1.61. At the last check today, the stock’s price was $29.38, reflecting an intraday gain of 5.40% or $1.51. The 52-week high for the ASTS share is $39.08, that puts it down -33.02 from that peak though still a striking 93.29% gain since the share price plummeted to a 52-week low of $1.97. The company’s market capitalization is $4.45B, and the average intraday trading volume over the past 10 days was 34.99 million shares, and the average trade volume was 16.36 million shares over the past three months.
AST SpaceMobile Inc (ASTS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.17. ASTS has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it.
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AST SpaceMobile Inc (NASDAQ:ASTS) trade information
AST SpaceMobile Inc (ASTS) registered a 5.40% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 5.40% in intraday trading to $29.38, hitting a weekly high. The stock’s 5-day price performance is -13.96%, and it has moved by 42.05% in 30 days. Based on these gigs, the overall price performance for the year is 628.91%. The short interest in AST SpaceMobile Inc (NASDAQ:ASTS) is 28.51 million shares and it means that shorts have 2.03 day(s) to cover.
The consensus price target of analysts on Wall Street is $30, which implies an increase of 2.07% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $26 and $45.9 respectively. As a result, ASTS is trading at a discount of -56.23% off the target high and 11.5% off the low.
AST SpaceMobile Inc (ASTS) estimates and forecasts
Statistics show that AST SpaceMobile Inc has underperformed its competitors in share price, compared to the industry in which it operates. AST SpaceMobile Inc (ASTS) shares have gone up 826.66% during the last six months, with a year-to-date growth rate less than the industry average at -2.80% against 6.40.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -80.78%. While earnings are projected to return 10.36% in 2024.
ASTS Dividends
AST SpaceMobile Inc is due to release its next quarterly earnings on 2024-Nov-12. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
AST SpaceMobile Inc (NASDAQ:ASTS)’s Major holders
AST SpaceMobile Inc insiders own 12.67% of total outstanding shares while institutional holders control 36.83%, with the float percentage being 42.17%. BLACKROCK INC. is the largest shareholder of the company, while 214.0 institutions own stock in it. As of 2024-06-30, the company held over 8.57 million shares (or 7.0583% of all shares), a total value of $99.52 million in shares.
The next largest institutional holding, with 7.45 million shares, is of JANUS HENDERSON GROUP PLC’s that is approximately 6.1384% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $86.55 million.
Also, the Mutual Funds coming in first place with the largest holdings of AST SpaceMobile Inc (ASTS) shares are Vanguard Total Stock Market Index Fund and Janus Henderson Triton Fund . Data provided on Mar 31, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 3.66 shares. This amounts to just over 2.42 percent of the company’s overall shares, with a $108.93 million market value. The same data shows that the other fund manager holds slightly less at 3.29, or about 2.17% of the stock, which is worth about $98.07 million.
