AST SpaceMobile Inc (NASDAQ:ASTS) shares, rose in value on Wednesday, June 18, with the stock price up by 10.60% to the previous day’s close as strong demand from buyers drove the stock to $44.35.
Actively observing the price movement in the last trading, the stock closed the session at $40.10. Referring to stock’s 52-week performance, its high was $42.93, and the low was $9.32. On the whole, ASTS has fluctuated by 80.21% over the past month.
With the market capitalization of AST SpaceMobile Inc currently standing at about $14.56 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-12.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 61M, with a low estimate of 1M and a high estimate of 10M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.15M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ASTS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of ASTS currently trading nearly 43.69% and 65.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 81.25, while the 7-day volatility ratio is showing 6.57% which for the 30-day chart, stands at 5.22%. Furthermore, AST SpaceMobile Inc (ASTS)’s beta value is 2.01, and its average true range (ATR) is 2.70.
A comparison of AST SpaceMobile Inc (ASTS) with its peers suggests the former has fared considerably weaker in the market. ASTS showed an intraday change of 10.60% in last session, and over the past year, it grew by 333.95%%.
Data on historical trading for AST SpaceMobile Inc (NASDAQ:ASTS) indicates that the trading volumes over the past 3 months, they’ve averaged 11.21 million. According to company’s latest data on outstanding shares, there are 236.92 million shares outstanding.
Nearly 32.19% of AST SpaceMobile Inc’s shares belong to company insiders and institutional investors own 34.50% of the company’s shares. The stock has risen by 110.19% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ASTS stock heading into the next quarter.
