In the latest trading session, 2.16 million AST SpaceMobile Inc (NASDAQ:ASTS) shares changed hands as the company’s beta touched 1.71. With the company’s most recent per share price at $27.76 changed hands at -$0.39 or -1.37% at last look, the market valuation stands at $8.79B. ASTS’s current price is a discount, trading about -40.78% 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 92.9% up since then. When we look at AST SpaceMobile Inc’s average trading volume, we note the 10-day average is 16.13 million shares, with the 3-month average coming to 11.56 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 (NASDAQ:ASTS) trade information
Instantly ASTS was in red as seen in intraday trades today. With action -4.72%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 31.59%, with the 5-day performance at -4.72% in the red. However, in the 30-day time frame, AST SpaceMobile Inc (NASDAQ:ASTS) is -7.60% down. Looking at the short shares, we see there were 45.28 million shares sold at short interest cover period of 3.16 days.
The consensus price target for the stock as assigned by Wall Street analysts is 47.9, meaning bulls need an upside of 42.05% from its recent market value. According to analyst projections, ASTS’s forecast low is 47.9 with 47.9 as the target high. To hit the forecast high, the stock’s price needs a -72.55% plunge from its current level, while the stock would need to soar -72.55% for it to hit the projected low.
AST SpaceMobile Inc (ASTS) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -80.92%. The 2025 estimates are for AST SpaceMobile Inc earnings to increase by 52.77%.
AST SpaceMobile Inc (NASDAQ:ASTS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 23.89% of AST SpaceMobile Inc shares while 33.65% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 44.21%. There are 33.65% 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.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 5.5045% or 6.69 million shares worth $77.61 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 4.73 shares estimated at $132.56 million under it, the former controlled 2.08% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 1.68% of the shares, roughly 3.83 shares worth around $107.23 million.
