AST SpaceMobile Inc (NASDAQ: ASTS) is 279.44% 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 $23.00 in the last trading session, with the day’s loss setting it -0.12%.
Currently trading at $22.88, the stock is -3.55% and -7.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.5 million and changing -0.52% at the moment leaves the stock 41.14% off its SMA200. ASTS registered 342.55% gain for a year compared to 6-month gain of 121.49%. The firm has a 50-day simple moving average (SMA 50) of $24.6691 and a 200-day simple moving average (SMA200) of $16.210726.
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The stock witnessed a -2.99% loss in the last 1 month and extending the period to 3 months gives it a -14.02%, and is -2.56% 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 8.24% over the week and 7.57% over the month.
AST SpaceMobile Inc (ASTS) has around 489 employees, a market worth around $6.59B and $2.50M in sales. Profit margin for the company is -11846.08%. Distance from 52-week low is 1061.42% and -41.45% from its 52-week high. The company has generated returns on investments over the last 12 months (-62.19%).
with sales reaching $1.88M over the same period.The EPS is expected to shrink by -57.79% this year, but quarterly earnings will post 0.00% year-over-year. Quarterly sales are estimated to shrink 0.00% in year-over-year returns.
AST SpaceMobile Inc (ASTS) Top Institutional Holders
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 170.04M, and float is at 149.32M with Short Float at 23.73%. 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
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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).
