AST SpaceMobile Inc [NASDAQ: ASTS] stock went on a downward path that fall over -5.85% on Monday, amounting to a one-week price decrease of less than -7.80%.
Over the last 12 months, ASTS stock rose by 522.08%. The one-year AST SpaceMobile Inc stock forecast points to a potential upside of 52.16. The average equity rating for ASTS stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $5.55 billion, with 170.04 million shares outstanding and 149.32 million shares in the current float. Compared to the average trading volume of 8.77M shares, ASTS stock reached a trading volume of 9680056 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $40.05 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 1.00. 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 1.76, with the Price to Sales ratio for ASTS stock in the period of the last 12 months amounting to 2220.53. The Price to Book ratio for the last quarter was 10.55, with the Price to Cash per share for the same quarter was set at 1.79.
ASTS Stock Performance Analysis:
AST SpaceMobile Inc [ASTS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.80. With this latest performance, ASTS shares dropped by -17.59% in over the last four-week period, additionally plugging by 15.14% over the last 6 months – not to mention a rise of 522.08% 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 38.69, with the RSI for the last a single of trading hit 35.85, and the three-weeks RSI is set at 40.84 for AST SpaceMobile Inc [ASTS]. The present Moving Average for the last 50 days of trading for this stock 23.24, while it was recorded at 20.98 for the last single week of trading, and 18.33 for the last 200 days.
Insight into AST SpaceMobile Inc Fundamentals:
AST SpaceMobile Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.80 and a Current Ratio set at 5.80.
AST SpaceMobile Inc [ASTS] Institutonal Ownership Details
There are presently around $42.87%, or 61.57%% of ASTS stock, in the hands of institutional investors. The top three institutional holders of ASTS stocks are: BLACKROCK INC. with ownership of 8.57 million shares, which is approximately 7.0583%. JANUS HENDERSON GROUP PLC, holding 7.45 million shares of the stock with an approximate value of $$86.55 million in ASTS stocks shares; and JANUS HENDERSON GROUP PLC, currently with $$77.61 million in ASTS stock with ownership which is approximately 5.5045%.
