AST SpaceMobile Inc (NASDAQ: ASTS) stock jumped 5.69% on Friday to $4.83 against a previous-day closing price of $4.57. With 2.3 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.81 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $4.8900 whereas the lowest price it dropped to was $4.6000. The 52-week range on ASTS shows that it touched its highest point at $7.14 and its lowest point at $2.73 during that stretch. It currently has a 1-year price target of $15.00. Beta for the stock currently stands at 0.76.
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 up-trending over the past week, with a rise of 12.06%, but this was up by 61.54% over a month. Three-month performance surged to 23.85% while six-month performance fell -8.52%. The stock lost -27.91% in the past year, while it has gained 0.21% so far this year. A look at the trailing 12-month EPS for ASTS yields -0.84 with Next year EPS estimates of -0.86. For the next quarter, that number is -0.21. This implies an EPS growth rate of -23.02% for this year and -19.97% for next year.
Float and Shares Shorts:
At present, 89.47 million ASTS shares are outstanding with a float of 78.80 million shares on hand for trading. On Oct 30, 2023, short shares totaled 17.58 million, which was 19.65% higher than short shares on Sep 28, 2023. In addition to Mr. Abel Avellan as the firm’s Founder, Chairman, President & CEO, Mr. Sean Robert Wallace serves as its Executive VP & CFO.
Through their ownership of 21.31% of ASTS’s outstanding shares, institutional investors have minority control over the company.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASTS since 0 analysts follow the stock currently. 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 $15.00 and a low target of $15.00, the average target price over the next 12 months is $15.00. Based on these targets, ASTS could surge 210.56% to reach the target high and rise by 210.56% to reach the target low. Reaching the average price target will result in a growth of 210.56% from current levels.
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 8 while that of sell transactions has risen to 1 over the past year. The total number of shares bought during that period was 241,121 while 20,678 shares were sold.