During the recent session, AST SpaceMobile Inc (NASDAQ:ASTS)’s traded shares were 8.23 million, with the beta value of the company hitting 1.70. At the last check today, the stock’s price was $34.32, reflecting an intraday gain of 1.54% or $0.52. The 52-week high for the ASTS share is $39.08, that puts it down -13.87 from that peak though still a striking 94.26% gain since the share price plummeted to a 52-week low of $1.97. The company’s market capitalization is $9.94B, and the average trade volume was 11.03 million shares over the past three months.
AST SpaceMobile Inc (ASTS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. ASTS has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.14.
AST SpaceMobile Inc (NASDAQ:ASTS) trade information
AST SpaceMobile Inc (ASTS) registered a 1.54% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.54% in intraday trading to $34.32, hitting a weekly high. The stock’s 5-day price performance is 31.60%, and it has moved by 48.64% in 30 days. Based on these gigs, the overall price performance for the year is 1000.00%.
The consensus price target of analysts on Wall Street is $37.95, which implies an increase of 9.57% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $26 and $63 respectively. As a result, ASTS is trading at a discount of -83.57% off the target high and 24.24% off the low.
AST SpaceMobile Inc (ASTS) estimates and forecasts
In the rating firms’ projections, revenue will increase 1,074.32% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.12M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 7.59M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 500k and 900k respectively. In this case, analysts expect current quarter sales to grow by 525.00% and then jump by 743.06% in the coming quarter.
ASTS Dividends
AST SpaceMobile Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
AST SpaceMobile Inc (NASDAQ:ASTS)’s Major holders
The next largest institutional holding, with 6.69 million shares, is of VANGUARD GROUP INC’s that is approximately 5.5045% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $77.61 million.
Also, the Mutual Funds coming in first place with the largest holdings of AST SpaceMobile Inc (ASTS) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 4.09 shares. This amounts to just over 2.04 percent of the company’s overall shares, with a $142.37 million market value. The same data shows that the other fund manager holds slightly less at 3.61, or about 1.80% of the stock, which is worth about $125.61 million.
