AST SpaceMobile Inc (NASDAQ:ASTS)’s traded shares stood at 12.25 million during the latest session, with the company’s beta value hitting 1.64. At the last check today, the stock’s price was $24.51, to imply a decrease of -12.14% or -$3.39 in intraday trading. The ASTS share’s 52-week high remains $39.08, putting it -59.45% down since that peak but still an impressive 91.96% since price per share fell to its 52-week low of $1.97. The company has a valuation of $3.87B, with an average of 20.99 million shares in intraday trading volume over the past 10 days and average of 15.86 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for AST SpaceMobile Inc (ASTS), translating to a mean rating of 1.17. Of 3 analyst(s) looking at the stock, 0 analyst(s) give ASTS a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.2.
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AST SpaceMobile Inc (NASDAQ:ASTS) trade information
After registering a -12.14% downside in the latest session, AST SpaceMobile Inc (ASTS) has traded red over the past five days. The 5-day price performance for the stock is -13.84%, and 16.95% over 30 days. With these gigs, the year-to-date price performance is 306.51%. Short interest in AST SpaceMobile Inc (NASDAQ:ASTS) saw shorts transact 28.51 million shares and set a 2.03 days time to cover.
The extremes give us $26 and $63 for target low and target high price respectively. As such, ASTS has been trading -157.04% off suggested target high and -6.08% from its likely low.
AST SpaceMobile Inc (ASTS) estimates and forecasts
Looking at statistics comparing AST SpaceMobile Inc share performance against respective industry, we note that the company has underperformed competitors. AST SpaceMobile Inc (ASTS) shares are 690.73% up over the last 6 months, with its year-to-date growth rate lower than industry average at 3.74% against 7.10%. Revenue is forecast to grow 13.00% this quarter before jumping 42.90% for the next one.
Revenue forecast for the current quarter as set by 3 analysts is 24.13M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 40.72M.
ASTS Dividends
AST SpaceMobile Inc has its next earnings report out on 2024-Nov-12. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
AST SpaceMobile Inc (NASDAQ:ASTS)’s Major holders
AST SpaceMobile Inc insiders hold 12.14% of total outstanding shares, with institutional holders owning 35.35% of the shares at 40.23% float percentage. In total, 35.35% institutions holds shares in the company, led by BLACKROCK INC. As of 2024-06-30, the company held over 8.57 million shares (or 7.0583% of shares), all amounting to roughly $99.52 million.
The next major institution holding the largest number of shares is JANUS HENDERSON GROUP PLC with 7.45 million shares, or about 6.1384% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $86.55 million.
