AST SpaceMobile Inc (NASDAQ: ASTS)’s stock price has plunge by -9.59relation to previous closing price of 26.80. Nevertheless, the company has seen a 10.19% surge in its stock price over the last five trading sessions. cnbc.com reported 2024-11-15 that Several pure-play space stocks rallied 20% or more this week, in part driven by what sector analysts called a “Trump-Elon trade.” Just this week saw Rocket Lab up 41%, Intuitive Machines up 28%, Spire Global up 26%, Planet Labs up 16%, Redwire up 15% and AST SpaceMobile up 10%.
Is It Worth Investing in AST SpaceMobile Inc (NASDAQ: ASTS) Right Now?
ASTS has 36-month beta value of 1.64. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ASTS is 113.88M, and currently, short sellers hold a 33.25% ratio of that float. The average trading volume of ASTS on November 18, 2024 was 16.83M shares.
ASTS’s Market Performance
The stock of AST SpaceMobile Inc (ASTS) has seen a 10.19% increase in the past week, with a -14.95% drop in the past month, and a -37.23% fall in the past quarter. The volatility ratio for the week is 13.03%, and the volatility levels for the past 30 days are at 10.19% for ASTS. The simple moving average for the last 20 days is -3.26% for ASTS stock, with a simple moving average of 76.64% 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 -5.45% 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 -38.00% of loss for the given period.
Volatility was left at 10.19%, however, over the last 30 days, the volatility rate increased by 13.03%, as shares sank -13.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.20% lower at present.
During the last 5 trading sessions, ASTS rose by +10.19%, which changed the moving average for the period of 200-days by +735.52% in comparison to the 20-day moving average, which settled at $25.05. In addition, AST SpaceMobile Inc saw 301.82% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ASTS starting from Yao Huiwen, who sale 45,000 shares at the price of $24.26 back on Oct 08 ’24. After this action, Yao Huiwen now owns 55,000 shares of AST SpaceMobile Inc, valued at $1,091,700 using the latest closing price.
Wisniewski Scott, the President of AST SpaceMobile Inc, sale 2,700 shares at $23.12 during a trade that took place back on Sep 30 ’24, which means that Wisniewski Scott is holding 712,660 shares at $62,427 based on the most recent closing price.
Stock Fundamentals for ASTS
Current profitability levels for the company are sitting at:
- -97.97 for the present operating margin
- -31.53 for the gross margin
The net margin for AST SpaceMobile Inc stands at -118.46. The total capital return value is set at -0.34. Equity return is now at value -135.62, with -48.40 for asset returns.
Based on AST SpaceMobile Inc (ASTS), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at -0.57. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is -5.9.
Currently, EBITDA for the company is -166.53 million with net debt to EBITDA at 1.09. When we switch over and look at the enterprise to sales, we see a ratio of 2623.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.80.
Conclusion
To put it simply, AST SpaceMobile Inc (ASTS) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
