AST SpaceMobile Inc (NASDAQ:ASTS) has a beta value of 1.61 and has seen 16.05 million shares traded in the last trading session. The company, currently valued at $4.40B, closed the last trade at $29.04 per share which meant it lost -$0.21 on the day or -0.72% during that session. The ASTS stock price is -34.57% off its 52-week high price of $39.08 and 93.22% above the 52-week low of $1.97. If we look at the company’s 10-day average daily trading volume, we find that it stood at 23.73 million shares traded. The 3-month trading volume is 14.89 million shares.
The consensus among analysts is that AST SpaceMobile Inc (ASTS) is Buy stock at the moment, with a recommendation rating of 1.17. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 3 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight.
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AST SpaceMobile Inc (NASDAQ:ASTS) trade information
Sporting -0.72% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ASTS stock price touched $29.04 or saw a rise of 16.72%. Year-to-date, AST SpaceMobile Inc shares have moved 381.59%, while the 5-day performance has seen it change -11.63%. Over the past 30 days, the shares of AST SpaceMobile Inc (NASDAQ:ASTS) have changed 42.07%. Short interest in the company has seen 28.51 million shares shorted with days to cover at 2.03.
Wall Street analysts have a consensus price target for the stock at $30, which means that the shares’ value could jump 3.2% from current levels. The projected low price target is $26.0 while the price target rests at a high of $45.9. In that case, then, we find that the current price level is -58.06% off the targeted high while a plunge would see the stock lose 10.47% from current levels.
AST SpaceMobile Inc (ASTS) estimates and forecasts
Figures show that AST SpaceMobile Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 804.67% over the past 6 months, with this year growth rate of 3.74%, compared to 7.10% for the industry.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -80.78% over the past 5 years.
ASTS Dividends
AST SpaceMobile Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
AST SpaceMobile Inc (NASDAQ:ASTS)’s Major holders
Insiders own 12.67% of the company shares, while shares held by institutions stand at 36.83% with a share float percentage of 42.17%. Investors are also buoyed by the number of investors in a company, with AST SpaceMobile Inc having a total of 214.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 8.57 million shares worth more than $99.52 million. As of 2024-06-30, BLACKROCK INC. held 7.0583% of shares outstanding.
The other major institutional holder is JANUS HENDERSON GROUP PLC, with the holding of over 7.45 million shares as of 2024-06-30. The firm’s total holdings are worth over $86.55 million and represent 6.1384% of shares outstanding.
