AST SpaceMobile Inc [NASDAQ: ASTS] jumped around 0.12 points on Wednesday, while shares priced at $3.10 at the close of the session, up 4.03%. The company report on March 12, 2024 at 12:13 PM that AST SpaceMobile Updates Licensing Administration of its Satellite Constellation.
Filings with the ITU and FCC would place its planned commercial satellites under the jurisdiction of the United States.
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AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, today announced that it has updated its constellation filing with the International Telecommunication Union (ITU) and related filings for its V-Band application with the Federal Communications Commission (FCC).
Compared to the average trading volume of 4.10M shares, ASTS reached a trading volume of 5457252 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about AST SpaceMobile Inc [ASTS]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ASTS shares is $13.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ASTS stock is a recommendation set at 1.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
UBS have made an estimate for AST SpaceMobile Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 08, 2024. While these analysts kept the previous recommendation, Scotiabank raised their target price to Sector Outperform. The new note on the price target was released on March 06, 2024, representing the official price target for AST SpaceMobile Inc stock. Previously, the target price had yet another raise to $15, while B. Riley Securities analysts kept a Buy rating on ASTS stock.
The Average True Range (ATR) for AST SpaceMobile Inc is set at 0.24 The Price to Book ratio for the last quarter was 2.17, with the Price to Cash per share for the same quarter was set at 1.11.
How has ASTS stock performed recently?
AST SpaceMobile Inc [ASTS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, ASTS shares dropped by -11.93% in over the last four-week period, additionally sinking by -23.46% over the last 6 months – not to mention a drop of -47.81% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ASTS stock in for the last two-week period is set at 46.69, with the RSI for the last a single of trading hit 49.26, and the three-weeks RSI is set at 45.34 for AST SpaceMobile Inc [ASTS]. The present Moving Average for the last 50 days of trading for this stock 3.46, while it was recorded at 3.02 for the last single week of trading, and 4.20 for the last 200 days.
AST SpaceMobile Inc [ASTS]: Deeper insight into the fundamentals
AST SpaceMobile Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.06 and a Current Ratio set at 6.06.
Earnings analysis for AST SpaceMobile Inc [ASTS]
With the latest financial reports released by the company, AST SpaceMobile Inc posted -0.14/share EPS, while the average EPS was predicted by analysts to be reported at -0.19/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 26.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ASTS.
Insider trade positions for AST SpaceMobile Inc [ASTS]
The top three institutional holders of ASTS stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in ASTS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in ASTS stock with ownership which is approximately 5.8325%.
