In today’s recent session, 10.22 million shares of the AST SpaceMobile Inc (NASDAQ:ASTS) have been traded, and its beta is 1.64. Most recently the company’s share price was $30.96, and it changed around $4.45 or 16.79% from the last close, which brings the market valuation of the company to $8.97B. ASTS at last check was trading at a discount to its 52-week high of $39.08, offering almost -26.23% off that amount. The share price’s 52-week low was $1.97, which indicates that the recent value has risen by an impressive 93.64% since then. We note from AST SpaceMobile Inc’s average daily trading volume that its 10-day average is 14.16 million shares, with the 3-month average coming to 9.50 million.
AST SpaceMobile Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended ASTS as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. AST SpaceMobile Inc is expected to report earnings per share of -0.18 for the current quarter.
AST SpaceMobile Inc (NASDAQ:ASTS) trade information
Instantly ASTS has been showing a green trend so far today with a performance of 16.79% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 30.99 on recent trading dayincreased the stock’s daily price by 0.1%. The company’s shares are currently up 46.73% year-to-date, but still up 44.20% over the last five days. On the other hand, AST SpaceMobile Inc (NASDAQ:ASTS) is 37.54% up in the 30-day period. We can see from the shorts that 37.86 million shares have been sold at a short interest cover period of 3.65 day(s).
The consensus price target as assigned by Wall Street analysts is $37.95, which translates to bulls needing to increase their stock price by 18.42% from its current value. Analyst projections state that ASTS is forecast to be at a low of $26 and a high of $63.
AST SpaceMobile Inc (ASTS) estimates and forecasts
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 2.38M in revenue for the current quarter. 2 analysts expect AST SpaceMobile Inc to make 80M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 15,900.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -80.78%. AST SpaceMobile Inc earnings are expected to increase by -64.97% in 2025, but the outlook is positive 37.32% per year for the next five years.
ASTS Dividends
AST SpaceMobile Inc’s next quarterly earnings report is expected to be released in March.
AST SpaceMobile Inc (NASDAQ:ASTS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 30.37% of AST SpaceMobile Inc shares, and 42.87% of them are in the hands of institutional investors. The stock currently has a share float of 61.57%. AST SpaceMobile Inc stock is held by 323.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.0583% of the shares, which is about 8.57 million shares worth $99.52 million.
JANUS HENDERSON GROUP PLC, with 6.1384% or 7.45 million shares worth $86.55 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 4.09 shares worth $131.22 million, making up 2.04% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 3.74 shares worth around $119.83 million, which represents about 1.87% of the total shares outstanding.
