AST SpaceMobile Inc [NASDAQ: ASTS] surged by $1.53 during the normal trading session on while it closed the day at $11.75.
AST SpaceMobile Inc stock has also gained 38.56% of its value over the past 7 days. However, ASTS stock has inclined by 295.62% in the 3 months of the year. Over the past six months meanwhile, it has gained 114.03% and gained 94.86% year-on date.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for ASTS stock reached $1.68 billion, with 143.34 million shares outstanding and 120.55 million shares in the current float. Compared to the average trading volume of 9.26M shares, ASTS reached a trading volume of 22627330 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to 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 $15.58 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 0.98, with the Price to Sales ratio for ASTS stock in the period of the last 12 months amounting to 3368.49. The Price to Book ratio for the last quarter was 9.87, with the Price to Cash per share for the same quarter was set at 1.48.
ASTS stock trade performance evaluation
AST SpaceMobile Inc [ASTS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 38.56. With this latest performance, ASTS shares gained by 191.56% in over the last four-week period, additionally plugging by 114.03% over the last 6 months – not to mention a rise of 103.99% 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 81.55, with the RSI for the last a single of trading hit 83.85, and the three-weeks RSI is set at 79.77 for AST SpaceMobile Inc [ASTS]. The present Moving Average for the last 50 days of trading for this stock 4.59, while it was recorded at 10.32 for the last single week of trading, and 4.00 for the last 200 days.
AST SpaceMobile Inc [ASTS]: An insightful look at the core fundamentals
AST SpaceMobile Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 7.51 and a Current Ratio set at 7.51.
AST SpaceMobile Inc [ASTS]: Institutional Ownership
The top three institutional holders of ASTS stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ASTS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ASTS stock with ownership which is approximately 5.8386%.
