In last trading session, AST SpaceMobile Inc (NASDAQ:ASTS) saw 14.35 million shares changing hands with its beta currently measuring 1.62. Company’s recent per share price level of $28.22 trading at $3.97 or 16.37% at ring of the bell on the day assigns it a market valuation of $4.65B. That closing price of ASTS’s stock is at a discount of -38.48% from its 52-week high price of $39.08 and is indicating a premium of 93.02% from its 52-week low price of $1.97. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.94 million shares which gives us an average trading volume of 16.84 million if we extend that period to 3-months.
For AST SpaceMobile Inc (ASTS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 3 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.2 in the current quarter.
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AST SpaceMobile Inc (NASDAQ:ASTS) trade information
Upright in the green during last session for gaining 16.37%, in the last five days ASTS remained trading in the green while hitting it’s week-highest on Wednesday, 10/16/24 when the stock touched $28.22 price level, adding 0.49% to its value on the day. AST SpaceMobile Inc’s shares saw a change of 367.99% in year-to-date performance and have moved 24.81% in past 5-day. AST SpaceMobile Inc (NASDAQ:ASTS) showed a performance of 0.79% in past 30-days. Number of shares sold short was 41.56 million shares which calculate 2.34 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 37.95 to the stock, which implies a rise of 25.64% to its current value. Analysts have been projecting 26 as a low price target for the stock while placing it at a high target of 63. It follows that stock’s current price would jump 7.87% in reaching the projected high whereas dropping to the targeted low would mean a gain of 7.87% for stock’s current value.
AST SpaceMobile Inc (ASTS) estimates and forecasts
Statistics highlight that AST SpaceMobile Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 1276.59% of value to its shares in past 6 months, showing an annual growth rate of 3.74% while that of industry is 5.70. Apart from that, the company came raising its revenue forecast for fiscal year 2024.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 24.13M for the same. And 3 analysts are in estimates of company making revenue of 40.72M in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -80.78% during past 5 years.
AST SpaceMobile Inc (NASDAQ:ASTS)’s Major holders
Insiders are in possession of 30.40% of company’s total shares while institution are holding 35.19 percent of that, with stock having share float percentage of 50.57%. Investors also watch the number of corporate investors in a company very closely, which is 35.19% institutions for AST SpaceMobile Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at ASTS for having 8.57 million shares of worth $99.52 million. And as of 2024-06-30, it was holding 7.0583 of the company’s outstanding shares.
The second largest institutional holder is JANUS HENDERSON GROUP PLC, which was holding about 7.45 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.1384 of outstanding shares, having a total worth of $86.55 million.
On the other hand, Vanguard Total Stock Market Index Fund and Janus Henderson Triton Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 3.72 shares of worth $104.91 million or 2.35% of the total outstanding shares. The later fund manager was in possession of 3.29 shares on Jun 30, 2024 , making its stake of worth around $92.97 million in the company or a holder of 2.08% of company’s stock.
