Analysis Of The Weekly Performance Of AST SpaceMobile Inc. (ASTS)

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SNOW Stock
SNOW Stock

AST SpaceMobile Inc. (NASDAQ:ASTS) traded with a subtraction of -$0.36 to $7.94 on Thursday, a downside of -4.37 percent. An average of 1,347,438 shares of common stock have been traded in the last five days. There was a fall of -$1.13 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 1,943,875 shares traded, while the 50-day average volume stands at 1,763,452.

ASTS stock has decreased by -27.38% in the last month. The company shares reached their 1-month lowest point of $7.81 on 09/22/22. With the stock rallying to its 52-week high on 08/17/22, shares of the company touched a low of $4.84 and a high of $14.27 in 52 weeks. It has reached a new high 6 times so far this year and achieved 4.53% or -$0.07 in price. In spite of this, the price is down -44.37% from the 52-week high.


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Valuation Metrics

AST SpaceMobile Inc. (ASTS) has a trailing price-to-sales (P/S) ratio at 87.97, the price-to-book (PB) ratio at 4.74.

Financial Health

The quick ratio of AST SpaceMobile Inc. for the three months ended December 30 was 10.30, and the current ratio was 10.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.05 and a total debt to equity ratio of 0.05 for the quarter ending December 30. Its gross profit as reported stood at $4.84 million compared to revenue of $12.4 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, AST SpaceMobile Inc.’s return on assets was -3.00%.

Earnings Surprise

For the three-month period that ended December 30, AST SpaceMobile Inc. had $4.88 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$2.92 million in the quarter, while revenues were shrunk -584.25%. The analyst consensus anticipated AST SpaceMobile Inc.’s latest quarter earnings to come in at -$0.09 per share, but it turned out to be -$0.06, a 33.30% surprise. For the quarter, EBITDA amounted to -$29.16 million. Shareholders own equity worth $182.97 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at AST SpaceMobile Inc. (ASTS) price momentum. RSI 9-day as of the close on 21 September was 26.34%, suggesting the stock is oversold, with historical volatility in this time frame at 69.62%.

As of today, ASTS’s price is $8.38 -12.56% or -$1.13 from its 5-day moving average. ASTS is currently trading -36.38% lower than its 20-day SMA and +4.52% higher than its 100-day SMA. However, the stock’s current price level is +26.53% above the SMA50 and -6.53% below the SMA200.

The stochastic %K and %D were 4.50% and 6.91%, respectively, and the average true range (ATR) was 0.85. With the 14-day stochastic at 1.49% and the average true range at 0.91, the RSI (14) stands at 34.56%. The stock has reached -0.87 on the 9-day MACD Oscillator while the 14-day reading was at -1.41.

Analyst Ratings

Barclays launched coverage on AST SpaceMobile Inc. (NASDAQ: ASTS) in its analyst report released on July 12, 2021. The firm assigned the stock an Overweight rating. The consensus rating for AST SpaceMobile Inc. (ASTS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ASTS, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 1 others rate it as a “buy”.

What is ASTS’s price target for the next 12 months?

Analysts predict a range of price targets between $29.00 and $30.00, with a median target of $29.50. Taking a look at these predictions, the average price target given by analysts for AST SpaceMobile Inc. (ASTS) stock is $29.50.

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