AST SpaceMobile Inc (NASDAQ: ASTS) is 291.13% 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 $26.14 in the last trading session, with the day’s loss setting it -2.56%.
Currently trading at $23.58, the stock is -4.65% and -7.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.24 million and changing -9.77% at the moment leaves the stock 67.84% off its SMA200. ASTS registered 393.41% gain for a year compared to 6-month gain of 406.66%. The firm has a 50-day simple moving average (SMA 50) of $25.6256 and a 200-day simple moving average (SMA200) of $13.9489.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -15.44% loss in the last 1 month and extending the period to 3 months gives it a -30.92%, and is -15.44% 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 12.16% over the week and 10.47% over the month.
AST SpaceMobile Inc (ASTS) has around 489 employees, a market worth around $7.51B and $2.50M in sales. Profit margin for the company is -11846.08%. Distance from 52-week low is 1097.21% and -39.65% from its 52-week high. The company has generated returns on investments over the last 12 months (-62.19%).
The EPS is expected to shrink by -57.84% this year
323.0 institutions hold shares in AST SpaceMobile Inc (ASTS), with institutional investors hold 61.57% of the company’s shares. The shares outstanding are 164.90M, and float is at 113.88M with Short Float at 33.25%. Institutions hold 42.87% 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
AST SpaceMobile Inc disclosed in a document filed with the SEC on Oct 08 ’24 that Yao Huiwen (Chief Technology Officer) sold a total of 45,000 shares of the company’s common stock. The trade occurred on Oct 08 ’24 and was made at $24.26 per share for $1.09 million. Following the transaction, the insider now directly holds 55000.0 shares of the ASTS stock.
Still, SEC filings show that on Sep 30 ’24, Wisniewski Scott (President) disposed off 2,700 shares at an average price of $23.12 for $62427.0. The insider now directly holds 712,660 shares of AST SpaceMobile Inc (ASTS).
