Things appear to be looking up for AST SpaceMobile Inc (ASTS)

AST SpaceMobile Inc (NASDAQ: ASTS) is 330.18% higher on its value in year-to-date trading and has touched a low of $1.97 and a high of $39.08 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ASTS stock was last observed hovering at around $26.11 in the last trading session, with the day’s loss setting it -0.17%.

Currently trading at $25.94, the stock is -12.00% and 25.15% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.39 million and changing -0.65% at the moment leaves the stock 206.13% off its SMA200. ASTS registered 582.63% gain for a year compared to 6-month gain of 761.79%.

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The stock witnessed a 16.22% loss in the last 1 month and extending the period to 3 months gives it a 200.93%, and is -10.67% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.63% over the week and 17.18% over the month.

AST SpaceMobile Inc (ASTS) has around 489 employees, a market worth around $3.93B and $1.40M in sales. Profit margin for the company is -10365.36%. Distance from 52-week low is 1216.75% and -33.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-40.79%).

The EPS is expected to grow by 9.92% this year.

AST SpaceMobile Inc (ASTS) Top Institutional Holders

214.0 institutions hold shares in AST SpaceMobile Inc (ASTS), with institutional investors hold 40.18% of the company’s shares. The shares outstanding are 151.48M, and float is at 128.96M with Short Float at 22.11%. Institutions hold 35.30% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 8.57 million shares valued at $99.52 million. The investor’s holdings represent 7.0583% of the ASTS Shares outstanding. As of 2024-06-30, the second largest holder is JANUS HENDERSON GROUP PLC with 7.45 million shares valued at $86.55 million to account for 6.1384 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 6.69 million shares representing 5.5045% and valued at over $77.61 million, while BROAD RUN INVESTMENT MANAGEMENT, LLC holds 3.1671 of the shares totaling 3.85 million with a market value of $44.66 million.