AST SpaceMobile Inc (NASDAQ: ASTS) is 344.44% 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 $27.89 in the last trading session, with the day’s loss setting it -1.09%.
Currently trading at $26.80, the stock is 6.17% and 4.42% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 16.59 million and changing -3.91% at the moment leaves the stock 96.91% off its SMA200. ASTS registered 610.88% gain for a year compared to 6-month gain of 565.01%. The firm has a 50-day simple moving average (SMA 50) of $25.6984 and a 200-day simple moving average (SMA200) of $13.49095.
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The stock witnessed a -5.03% loss in the last 1 month and extending the period to 3 months gives it a -13.63%, and is 24.91% up 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 11.46% over the week and 9.98% over the month.
AST SpaceMobile Inc (ASTS) has around 489 employees, a market worth around $7.58B and $1.40M in sales. Profit margin for the company is -10365.36%. Distance from 52-week low is 1260.41% and -31.42% 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 0.86% this year
304.0 institutions hold shares in AST SpaceMobile Inc (ASTS), with institutional investors hold 55.94% of the company’s shares. The shares outstanding are 164.90M, and float is at 111.66M with Short Float at 33.91%. Institutions hold 38.95% 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.
AST SpaceMobile Inc (ASTS) Insider Activity
The most recent transaction is an insider sale by Yao Huiwen, the company’s Chief Technology Officer. SEC filings show that Yao Huiwen sold 45,000 shares of the company’s common stock on Oct 08 ’24 at a price of $24.26 per share for a total of $1.09 million. Following the sale, the insider now owns 55000.0 shares.
AST SpaceMobile Inc disclosed in a document filed with the SEC on Sep 30 ’24 that Wisniewski Scott (President) sold a total of 2,700 shares of the company’s common stock. The trade occurred on Sep 30 ’24 and was made at $23.12 per share for $62427.0. Following the transaction, the insider now directly holds 0.71 million shares of the ASTS stock.
Still, SEC filings show that on Sep 30 ’24, Gupta Shanti B. (Chief Operating Officer) disposed off 80,000 shares at an average price of $25.83 for $2.07 million. The insider now directly holds 393,232 shares of AST SpaceMobile Inc (ASTS).
