In the last trading session, 10.78 million shares of the AST SpaceMobile Inc (NASDAQ:ASTS) were traded, and its beta was 1.76. Most recently the company’s share price was $29.30, and it changed around $3.59 or 13.96% from the last close, which brings the market valuation of the company to $9.27B. ASTS currently trades at a discount to its 52-week high of $39.08, offering almost -33.38% off that amount. The share price’s 52-week low was $1.97, which indicates that the current value has risen by an impressive 93.28% since then. We note from AST SpaceMobile Inc’s average daily trading volume that its 10-day average is 9.02 million shares, with the 3-month average coming to 11.59 million.
AST SpaceMobile Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.17. 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 -0.14 for the current quarter.
AST SpaceMobile Inc (NASDAQ:ASTS) trade information
Instantly ASTS has showed a green trend with a performance of 13.96% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 29.45 on recent trading dayincreased the stock’s daily price by 0.51%. The company’s shares are currently up 38.86% year-to-date, but still up 4.57% over the last five days. On the other hand, AST SpaceMobile Inc (NASDAQ:ASTS) is 2.30% up in the 30-day period. We can see from the shorts that 45.28 million shares have been sold at a short interest cover period of 3.16 day(s).
The consensus price target as assigned by Wall Street analysts is $47.9, which translates to bulls needing to increase their stock price by 38.83% from its current value. Analyst projections state that ASTS is forecast to be at a low of $47.9 and a high of $47.9.
AST SpaceMobile Inc (ASTS) estimates and forecasts
The year-over-year growth rate is expected to be 1,074.32%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 3.12M in revenue for the current quarter. 2 analysts expect AST SpaceMobile Inc to make 7.59M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 500k and 900k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 525.00%. Forecasts for the next quarter put sales growth at 743.06%. Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -80.92%.
AST SpaceMobile Inc (NASDAQ:ASTS)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 23.89% of AST SpaceMobile Inc shares, and 33.65% of them are in the hands of institutional investors. The stock currently has a share float of 44.21%. AST SpaceMobile Inc stock is held by 344.0 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.
VANGUARD GROUP INC, with 5.5045% or 6.69 million shares worth $77.61 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund were the top two Mutual Funds as of Dec 31, 2024 . The former held 4.73 shares worth $138.56 million, making up 2.00% of all outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held roughly 3.83 shares worth around $112.09 million, which represents about 1.62% of the total shares outstanding.
