During the last session, AST SpaceMobile Inc (NASDAQ:ASTS)’s traded shares were 15.84 million, with the beta value of the company hitting 1.61. At the end of the trading day, the stock’s price was $29.25, reflecting an intraday gain of 4.95% or $1.38. The 52-week high for the ASTS share is $39.08, that puts it down -33.61 from that peak though still a striking 93.26% gain since the share price plummeted to a 52-week low of $1.97. The company’s market capitalization is $4.43B, and the average intraday trading volume over the past 10 days was 28.99 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.21.
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AST SpaceMobile Inc (NASDAQ:ASTS) trade information
AST SpaceMobile Inc (ASTS) registered a 4.95% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.95% in intraday trading to $29.25, hitting a weekly high. The stock’s 5-day price performance is -14.32%, and it has moved by 41.44% in 30 days. Based on these gigs, the overall price performance for the year is 625.81%. 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 2.5% 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 -56.92% off the target high and 11.11% 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 822.71% during the last six months, with a year-to-date growth rate less than the industry average at -2.80% against 6.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 8.70% this quarter and then jump 40.00% in the quarter after that.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 34.5M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 58.12M by the end of current fiscal year.
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 in September. 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.
