AST SpaceMobile Inc (NASDAQ: ASTS)’s stock price has increased by 4.98 compared to its previous closing price of 23.29. However, the company has seen a 1.28% increase in its stock price over the last five trading sessions. zacks.com reported 2024-11-27 that When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock’s price, but are they really important?
Is It Worth Investing in AST SpaceMobile Inc (NASDAQ: ASTS) Right Now?
ASTS has 36-month beta value of 1.60. 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 138.35M, and currently, short sellers hold a 26.58% ratio of that float. The average trading volume of ASTS on November 29, 2024 was 13.18M shares.
ASTS’s Market Performance
ASTS stock saw a decrease of 1.28% in the past week, with a monthly decline of -2.71% and a quarterly a decrease of -15.81%. The volatility ratio for the week is 7.44%, and the volatility levels for the last 30 days are 9.68% for AST SpaceMobile Inc (ASTS). The simple moving average for the last 20 days is 0.84% for ASTS stock, with a simple moving average of 66.62% 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 -2.14% 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 -37.44% of loss for the given period.
Volatility was left at 9.68%, however, over the last 30 days, the volatility rate increased by 7.44%, as shares surge +1.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.87% lower at present.
During the last 5 trading sessions, ASTS fell by -0.29%, which changed the moving average for the period of 200-days by +625.00% in comparison to the 20-day moving average, which settled at $24.23. In addition, AST SpaceMobile Inc saw 305.47% 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 AA Gables, LLC, who proposed sale 2,500,000 shares at the price of $23.58 back on Nov 20 ’24. After this action, AA Gables, LLC now owns shares of AST SpaceMobile Inc, valued at $58,950,000 using the latest closing price.
Yao Huiwen, the Chief Technology Officer of AST SpaceMobile Inc, sale 45,000 shares at $24.26 during a trade that took place back on Oct 08 ’24, which means that Yao Huiwen is holding 55,000 shares at $1,091,700 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 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at -0.61. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is -54.91.
Currently, EBITDA for the company is -166.53 million with net debt to EBITDA at 1.78. When we switch over and look at the enterprise to sales, we see a ratio of 2659.13. 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.
