AST SpaceMobile Inc (NASDAQ:ASTS) price on Thursday, March 20, fall -3.74% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $24.69.
A look at the stock’s price movement, the close in the last trading session was $25.65, moving within a range at $24.092 and $25.7836. The beta value (5-Year monthly) was 1.616. Turning to its 52-week performance, $39.08 and $1.97 were the 52-week high and 52-week low respectively. Overall, ASTS moved -20.79% over the past month.
AST SpaceMobile Inc’s market cap currently stands at around $7.81 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-02.
Analysts have a consensus estimate of 3.12M for the company’s revenue for the quarter, with a low and high estimate of 3M and 3.25M respectively. The average forecast suggests up to a 525.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 51.88M, representing a 1,074.32% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ASTS is a 50% Buy. 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 -12.08% and -3.67% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.22, while 7-day volatility ratio is 7.28% and 12.15% in the 30-day chart. Further, AST SpaceMobile Inc (ASTS) has a beta value of 1.76, and an average true range (ATR) of 2.97. Analysts have given the company’s stock an average 52-week price target of $47.9, forecast between a low of $47.9 and high of $47.9. Looking at the price targets, the low is -94.01% off current price level while to achieve the yearly target high, price needs to move -94.01%. Nonetheless, investors will most likely welcome a -94.01% jump to $47.9 which is the analysts’ median price.
If we refocus on AST SpaceMobile Inc (NASDAQ:ASTS), historical trading data shows that trading volumes averaged 10.51 over the past 10 days and 11.72 million over the past 3 months. The company’s latest data on shares outstanding shows there are 208.17 million shares.
The 27.87% of AST SpaceMobile Inc’s shares are in the hands of company insiders while institutional holders own 33.24% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 45.28 million on 2025-02-28, giving us a short ratio of 3.16. The data shows that as of 2025-02-28 short interest in AST SpaceMobile Inc (ASTS) stood at 2034.9999999999998 of shares outstanding, with shares short rising to 42.74 million registered in 2025-01-31. Current price change has pushed the stock 17.01% 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.
