AST SpaceMobile Inc (NASDAQ:ASTS) traded at $2.27 at close of the session on Monday, April 08, made an upward move of 2.95% on its previous day’s price.
Looking at the stock we see that its previous close was $2.20 and the beta (5Y monthly) reads 0.88 . In terms of its 52-week price range, ASTS has a high of $7.10 and a low of $1.97. The company’s stock has lost about -23.05% over that past 30 days.
AST SpaceMobile Inc has a market cap of $278.76 million and is expected to release its quarterly earnings report on Mar 29, 2024 – Apr 02, 2024. Estimates by analysts give the company expected earnings per share (EPS) of -$0.19, with the EPS growth for the year raised at -$0.74 for 2024 and -$0.66 for next year. These figures represent 30.80% and 10.80% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $5.5 million, with a low of $1 million and a high of $10 million.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ASTS stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -18.15% off its SMA20 and -23.50% from its 50-day simple moving average. The RSI (14) is pointing at 36.56 while the volatility over the past week is 10.99% and jumps to 7.73% over the past one month. The beta value is 0.89, while the average true range (ATR) is currently pointing at 0.22.
Coming back to AST SpaceMobile Inc (NASDAQ:ASTS), we note that the average 3-month trading volume was 4.79 million, while that of the preceding 10-day period stands at 4.82 million. Current shares outstanding are 122.80 million.
The insiders hold 17.97% of the company’s shares while institutions hold 28.31%. The data shows that short shares as of Mar 15, 2024, stood at 21.51 million at a short ratio of 6.33. This represents a 15.59% short interest in shares outstanding on Mar 15, 2024. Shares short rose in March from the previous month at 13.29 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -62.35% down in year-to-date price movement.
