AST SpaceMobile Inc (NASDAQ:ASTS) price on Thursday, January 16, fall -2.51% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $21.00.
A look at the stock’s price movement, the close in the last trading session was $21.54, moving within a range at $20.98 and $21.94. The beta value (5-Year monthly) was 1.635. Turning to its 52-week performance, $39.08 and $1.97 were the 52-week high and 52-week low respectively. Overall, ASTS moved -10.56% over the past month.
AST SpaceMobile Inc’s market cap currently stands at around $6.08 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 1.88M for the company’s revenue for the quarter, with a low and high estimate of 1.25M and 2.5M respectively.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ASTS is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
3 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 3 recommend ASTS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ASTS’s current price about -7.28% and -10.64% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 41.87, while 7-day volatility ratio is 7.07% and 7.27% in the 30-day chart. Further, AST SpaceMobile Inc (ASTS) has a beta value of 1.63, and an average true range (ATR) of 1.74. Analysts have given the company’s stock an average 52-week price target of $37.95, forecast between a low of $26 and high of $63. Looking at the price targets, the low is -23.81% off current price level while to achieve the yearly target high, price needs to move -200.0%. Nonetheless, investors will most likely welcome a -80.71% jump to $37.95 which is the analysts’ median price.
If we refocus on AST SpaceMobile Inc (NASDAQ:ASTS), historical trading data shows that trading volumes averaged 5.71 over the past 10 days and 8.86 million over the past 3 months. The company’s latest data on shares outstanding shows there are 170.04 million shares.
The 25.47% of AST SpaceMobile Inc’s shares are in the hands of company insiders while institutional holders own 33.65% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 37.86 million on 2024-10-31, giving us a short ratio of 3.65. The data shows that as of 2024-10-31 short interest in AST SpaceMobile Inc (ASTS) stood at 1942.0000000000002 of shares outstanding, with shares short falling to 41.56 million registered in 2024-09-30. Current price change has pushed the stock -0.47% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ASTS stock continues to rise going into the next quarter.
