In the latest trading session, 0.64 million AST SpaceMobile Inc (NASDAQ:ASTS) shares changed hands as the company’s beta touched 1.61. With the company’s most recent per share price at $23.22 changed hands at -$0.03 or -0.11% at last look, the market valuation stands at $6.73B. ASTS’s current price is a discount, trading about -68.3% off its 52-week high of $39.08. The share price had its 52-week low at $1.97, which suggests the last value was 91.52% up since then. When we look at AST SpaceMobile Inc’s average trading volume, we note the 10-day average is 6.28 million shares, with the 3-month average coming to 10.01 million.
Analysts gave the AST SpaceMobile Inc (ASTS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended ASTS as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. AST SpaceMobile Inc’s EPS for the current quarter is expected to be -0.15.
AST SpaceMobile Inc (NASDAQ:ASTS) trade information
Instantly ASTS was in red as seen in intraday trades today. With action -6.28%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 285.13%, with the 5-day performance at -6.28% in the red. However, in the 30-day time frame, AST SpaceMobile Inc (NASDAQ:ASTS) is -3.64% down. Looking at the short shares, we see there were 37.86 million shares sold at short interest cover period of 3.65 days.
The consensus price target for the stock as assigned by Wall Street analysts is 37.95, meaning bulls need an upside of 38.81% from its recent market value. According to analyst projections, ASTS’s forecast low is 26 with 63 as the target high. To hit the forecast high, the stock’s price needs a -171.32% plunge from its current level, while the stock would need to soar -11.97% for it to hit the projected low.
AST SpaceMobile Inc (ASTS) estimates and forecasts
Data shows that the AST SpaceMobile Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 106.80% over the past 6 months, a -42.99% in annual growth rate that is considerably lower than the industry average of 20.80%.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 1.88M. 1 analysts are of the opinion that AST SpaceMobile Inc’s revenue for the current quarter will be 155M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 0.00%. The estimates for the next quarter sales put growth at 30,900.00%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -80.78%. The 2024 estimates are for AST SpaceMobile Inc earnings to decrease by -57.79%.
ASTS Dividends
AST SpaceMobile Inc is expected to release its next quarterly earnings report in January.
AST SpaceMobile Inc (NASDAQ:ASTS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 30.37% of AST SpaceMobile Inc shares while 42.87% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 61.57%. There are 42.87% institutions holding the AST SpaceMobile Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 7.0583% of the shares, roughly 8.57 million ASTS shares worth $99.52 million.
JANUS HENDERSON GROUP PLC holds the second largest percentage of outstanding shares, with 6.1384% or 7.45 million shares worth $86.55 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 4.09 shares estimated at $95.61 million under it, the former controlled 2.04% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.72% of the shares, roughly 3.45 shares worth around $80.51 million.
