AST SpaceMobile Inc (NASDAQ:ASTS) traded at $23.94 at close of the session on Monday, November 04 and made an upward move of 0.38% on its previous day’s price.
Looking at the stock we see that its previous close was $23.85 and the beta (5Y monthly) reads 1.618 with the day’s price range being $23.27 – $24.3. In terms of its 52-week price range, ASTS has a high of $39.08 and a low of $1.97. The company’s stock has lost about -8.31% over that past 30 days.
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AST SpaceMobile Inc has a market cap of $6.78 billion and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of -0.2, with the EPS growth for the year raised at -1.1 for current year and -1.1 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 24.13M, with a low of 1M and a high of 68M.
On the other hand, looking at the outlook for the ASTS stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy.
Based on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the AST SpaceMobile Inc (ASTS) stock as a Hold, while 3 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -6.34% off its SMA20 and -10.10% from its 50-day simple moving average. The RSI (14) is pointing at 43.46 while the volatility over the past week is 6.72% and jumps to 8.67% over the past one month. The beta value is 1.64, while the average true range (ATR) is currently pointing at 2.31. The average price target for the stock over the next 12 months is $37.95, with the estimates having a low of $26 and a high of $63. These price ends are -8.6% and -163.16% off the current price level respectively, although investors could be excited at the prospect of a -58.52% if the ASTS share price touches on the median price of $37.95.
Coming back to AST SpaceMobile Inc (NASDAQ:ASTS), we note that the average 3-month trading volume was 16.70 million, while that of the preceding 10-day period stands at 10.39 million. Current shares outstanding are 164.90 million.
The insiders hold 32.29% of the company’s shares while institutions hold 34.29%. The data shows that short shares as of 2024-10-15, stood at 38.71 million at a short ratio of 3.41. This represents a 1986.00 short interest in shares outstanding on 2024-10-15. Shares short rose in October from the previous month at 38.67 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 297.01% up in year-to-date price movement.
