AST SpaceMobile Inc (NASDAQ: ASTS)’s stock price has surge by 12.23relation to previous closing price of 16.64. Nevertheless, the company has seen a 45.44% surge in its stock price over the last five trading sessions. businesswire.com reported 2024-07-25 that MIDLAND, Texas–(BUSINESS WIRE)—- $ASTS #AST–AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, and designed for both commercial and government applications, today announced it will hold a quarterly business update conference call on Wednesday, August 14th at 5:00pm (Eastern Time). AST SpaceMobile will be accepting questions from retail and institutional shareholders and manage.
Is It Worth Investing in AST SpaceMobile Inc (NASDAQ: ASTS) Right Now?
The 36-month beta value for ASTS is at 1.55. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ASTS is 127.56M, and currently, shorts hold a 20.94% of that float. The average trading volume for ASTS on July 26, 2024 was 11.72M shares.
ASTS’s Market Performance
The stock of AST SpaceMobile Inc (ASTS) has seen a 45.44% increase in the past week, with a 66.30% rise in the past month, and a 752.74% gain in the past quarter. The volatility ratio for the week is 11.58%, and the volatility levels for the past 30 days are at 9.66% for ASTS. The simple moving average for the last 20 days is 48.29% for ASTS stock, with a simple moving average of 267.09% 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 90.96% 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 able to rebound, for now settling with 11.16% of gains for the given period.
Volatility was left at 9.66%, however, over the last 30 days, the volatility rate increased by 11.58%, as shares surge +50.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +588.74% upper at present.
During the last 5 trading sessions, ASTS rose by +34.64%, which changed the moving average for the period of 200-days by +428.66% in comparison to the 20-day moving average, which settled at $12.89. In addition, AST SpaceMobile Inc saw 209.70% 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 9994.83. 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 had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
