AST SpaceMobile Inc (NASDAQ: ASTS) has experienced a rise in its stock price by 2.26 compared to its previous closing price of 2.21. However, the company has seen a gain of 5.61% in its stock price over the last five trading days. InvestorPlace reported 2024-04-26 that The space sector and other speculative avenues have fallen out of favor with investors in the past couple of years, but there are still potential multibagger space stocks. Sector bellwethers such as Virgin Galactic (NYSE: SPCE ) have lost nearly all the gains made during the peak in 2021.
Is It Worth Investing in AST SpaceMobile Inc (NASDAQ: ASTS) Right Now?
Additionally, the 36-month beta value for ASTS is 0.93. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ASTS is 113.30M and currently, short sellers hold a 27.83% ratio of that float. The average trading volume of ASTS on May 02, 2024 was 3.43M shares.
ASTS’s Market Performance
The stock of AST SpaceMobile Inc (ASTS) has seen a 5.61% increase in the past week, with a 12.44% rise in the past month, and a -21.25% fall in the past quarter. The volatility ratio for the week is 5.55%, and the volatility levels for the past 30 days are at 6.03% for ASTS. The simple moving average for the last 20 days is 3.85% for ASTS’s stock, with a simple moving average of -39.00% for the last 200 days.
Analysts’ Opinion of ASTS
Many brokerage firms have already submitted their reports for ASTS stocks, with UBS repeating the rating for ASTS by listing it as a “Buy.” The predicted price for ASTS in the upcoming period, according to UBS is $7 based on the research report published on March 08, 2024 of the current year 2024.
Scotiabank, on the other hand, stated in their research note that they expect to see ASTS reach a price target of $7.50. The rating they have provided for ASTS stocks is “Sector Outperform” according to the report published on March 06th, 2024.
B. Riley Securities gave a rating of “Buy” to ASTS, setting the target price at $15 in the report published on October 28th of the previous year.
ASTS Trading at -15.08% from the 50-Day Moving Average
After a stumble in the market that brought ASTS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -68.17% of loss for the given period.
Volatility was left at 6.03%, however, over the last 30 days, the volatility rate increased by 5.55%, as shares sank -2.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.93% lower at present.
During the last 5 trading sessions, ASTS rose by +5.61%, which changed the moving average for the period of 200-days by -43.92% in comparison to the 20-day moving average, which settled at $2.17. In addition, AST SpaceMobile Inc saw -62.52% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ASTS
The total capital return value is set at -0.73. Equity return is now at value -75.31, with -21.91 for asset returns.
Based on AST SpaceMobile Inc (ASTS), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at -2.44. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is -85.93.
Currently, EBITDA for the company is -167.9 million with net debt to EBITDA at 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.31.
Conclusion
In conclusion, AST SpaceMobile Inc (ASTS) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
