AST SpaceMobile Inc (NASDAQ:ASTS) Is Now 93.35% Above Its 52-Week Low. How Long Will It Continue To Rise?

In recent trading session, AST SpaceMobile Inc (NASDAQ:ASTS) saw 5.6 million shares changing hands at last check today with its beta currently measuring 1.68. Company’s recent per share price level of $29.62 trading at -$1.55 or -4.96% at last check today assigns it a market valuation of $8.58B. That most recent trading price of ASTS’s stock is at a discount of -31.94% from its 52-week high price of $39.08 and is indicating a premium of 93.35% from its 52-week low price of $1.97.

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 -0.18 in the current quarter.

AST SpaceMobile Inc (NASDAQ:ASTS) trade information

Upright in the red during last session for losing -4.96%, in the last five days ASTS remained trading in the green while hitting it’s week-highest on Tuesday, 02/18/25 when the stock touched $29.62 price level, adding 11.71% to its value on the day. AST SpaceMobile Inc’s shares saw a change of 40.40% in year-to-date performance and have moved 7.30% in past 5-day. AST SpaceMobile Inc (NASDAQ:ASTS) showed a performance of 28.25% in past 30-days.

Wall Street analysts have assigned a consensus price target of 54.45 to the stock, which implies a rise of 45.6% to its recent value today. Analysts have been projecting 45.9 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 drop -54.96% in reaching the projected high whereas dropping to the targeted low would mean a loss of -54.96% for stock’s current value.

AST SpaceMobile Inc (ASTS) estimates and forecasts

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.38M for the same. And 2 analysts are in estimates of company making revenue of 80M 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. In 2025, company’s earnings growth rate is likely to be around -64.97% while estimates for its earnings growth in next 5 years are of 37.32%.

AST SpaceMobile Inc (NASDAQ:ASTS)’s Major holders

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 VANGUARD GROUP INC, which was holding about 6.69 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.5045 of outstanding shares, having a total worth of $77.61 million.

On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024, the former fund manager was holding 4.09 shares of worth $120.8 million or 2.04% of the total outstanding shares. The later fund manager was in possession of 3.74 shares on Nov 30, 2024, making its stake of worth around $110.32 million in the company or a holder of 1.87% of company’s stock.