AST SpaceMobile Inc (NASDAQ:ASTS)’s traded shares stood at 7.14 million during the last session, with the company’s beta value hitting 1.62. At the close of trading, the stock’s price was $26.26, to imply a decrease of -5.84% or -$1.63 in intraday trading. The ASTS share’s 52-week high remains $39.08, putting it -48.82% down since that peak but still an impressive 92.5% since price per share fell to its 52-week low of $1.97. The company has a valuation of $4.33B, with an average of 9.54 million shares in intraday trading volume over the past 10 days and average of 17.26 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 1.00. 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 -5.84% downside in the last session, AST SpaceMobile Inc (ASTS) has traded red over the past five days. The 5-day price performance for the stock is -6.95%, and 1.59% over 30 days. With these gigs, the year-to-date price performance is 335.49%. Short interest in AST SpaceMobile Inc (NASDAQ:ASTS) saw shorts transact 41.56 million shares and set a 2.34 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 -139.91% off suggested target high and 0.99% 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 1127.10% up over the last 6 months, with its year-to-date growth rate lower than industry average at 3.74% against 5.10%. 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 30.40% of total outstanding shares, with institutional holders owning 35.42% of the shares at 50.89% float percentage. In total, 35.42% 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.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the AST SpaceMobile Inc (ASTS) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 3.72 shares. This is just over 2.35% of the total shares, with a market valuation of $97.63 million. Data from the same date shows that the other fund manager holds a little less at 3.48, or 2.20% of the shares, all valued at about 91.49 million.
