Additionally, the 36-month beta value for ASTS is 1.60. 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 120.55M and currently, short sellers hold a 24.30% ratio of that float. The average trading volume of ASTS on June 21, 2024 was 9.84M shares.
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ASTS) stock’s latest price update
The stock price of AST SpaceMobile Inc (NASDAQ: ASTS) has dropped by -7.31 compared to previous close of 11.22. Despite this, the company has seen a gain of 4.21% in its stock price over the last five trading days. zacks.com reported 2024-06-20 that In the closing of the recent trading day, AST SpaceMobile, Inc. (ASTS) stood at $11.22, denoting a -1.49% change from the preceding trading day.
ASTS’s Market Performance
ASTS’s stock has risen by 4.21% in the past week, with a monthly rise of 120.81% and a quarterly rise of 274.10%. The volatility ratio for the week is 11.66% while the volatility levels for the last 30 days are 16.27% for AST SpaceMobile Inc The simple moving average for the past 20 days is 21.62% for ASTS’s stock, with a 155.22% simple moving average for the past 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 110.00% 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 -16.47% of loss for the given period.
Volatility was left at 16.27%, however, over the last 30 days, the volatility rate increased by 11.66%, as shares surge +120.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +378.97% upper at present.
During the last 5 trading sessions, ASTS rose by +2.71%, which changed the moving average for the period of 200-days by +164.18% in comparison to the 20-day moving average, which settled at $8.83. In addition, AST SpaceMobile Inc saw 72.47% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ASTS
Current profitability levels for the company are sitting at:
- -466.83 for the present operating margin
- -161.88 for the gross margin
The net margin for AST SpaceMobile Inc stands at -240.56. The total capital return value is set at -0.5. Equity return is now at value -64.25, with -20.16 for asset returns.
Based on AST SpaceMobile Inc (ASTS), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at -0.98. The debt to equity ratio resting at 0.99. The interest coverage ratio of the stock is -6.45.
Currently, EBITDA for the company is -167.9 million with net debt to EBITDA at 0.31. When we switch over and look at the enterprise to sales, we see a ratio of 5320.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 7.51.
Conclusion
In conclusion, AST SpaceMobile Inc (ASTS) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
