How does AST SpaceMobile Inc. (ASTS) change from a tortoise to a hare?

AST SpaceMobile Inc. (NASDAQ: ASTS) stock jumped 7.08% on Wednesday to $7.41 against a previous-day closing price of $6.92. With 1.45 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.54 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $7.53 whereas the lowest price it dropped to was $6.90. The 52-week range on ASTS shows that it touched its highest point at $14.27 and its lowest point at $4.84 during that stretch. It currently has a 1-year price target of $29.50.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ASTS was down-trending over the past week, with a drop of -10.72%, but this was down by -39.16% over a month. Three-month performance surged to 15.78% while six-month performance fell -32.39%. The stock lost -34.83% in the past year, while it has lost -6.68% so far this year. A look at the trailing 12-month EPS for ASTS yields -0.24 with Next year EPS estimates of -0.73.

Float and Shares Shorts:

At present, 51.87 million ASTS shares are outstanding with a float of 43.39 million shares on hand for trading. On Jul 14, 2022, short shares totaled 11.41 million, which was 21.99% higher than short shares on Jun 14, 2022. In addition to Mr. Abel Avellan as the firm’s Founder, Chairman & CEO, Mr. Brian L. Heller serves as its Exec. VP, Gen. Counsel & Sec.


Institutional Ownership:

Through their ownership of 23.02% of ASTS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 56.02% of ASTS, in contrast to 11.84% held by mutual funds. Shares owned by individuals account for 10.99%. As the largest shareholder in ASTS with 3.46% of the stake, The Vanguard Group, Inc. holds 1,836,967 shares worth 1,836,967. A second-largest stockholder of ASTS, Janus Henderson Investors US LLC, holds 1,767,841 shares, controlling over 3.33% of the firm’s shares. Broad Run Investment Management L is the third largest shareholder in ASTS, holding 1,694,976 shares or 3.19% stake. With a 3.14% stake in ASTS, the Janus Henderson Triton Fund is the largest stakeholder. A total of 1,670,199 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.58% of ASTS stock, is the second-largest Mutual Fund holder. It holds 1,372,051 shares valued at 16.49 million. Hennessy Focus Fund holds 2.35% of the stake in ASTS, owning 1,247,902 shares worth 15.0 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASTS since 2 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ASTS analysts setting a high price target of $30.00 and a low target of $29.00, the average target price over the next 12 months is $29.50. Based on these targets, ASTS could surge 304.86% to reach the target high and rise by 291.36% to reach the target low. Reaching the average price target will result in a growth of 298.11% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. ASTS will report FY 2022 earnings on 03/30/2023. Analysts have provided yearly estimates in a range of -$0.48 being high and -$0.72 being low. For ASTS, this leads to a yearly average estimate of -$0.60. Based on analyst estimates, the high estimate for the next quarter is -$0.09 and the low estimate is -$0.09. The average estimate for the next quarter is thus -$0.09.

Summary of Insider Activity:

Insiders traded ASTS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 1 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 400,000 while 0 shares were sold.

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