AST SpaceMobile Inc. (NASDAQ:ASTS) finished Wednesday with a subtraction of -$0.16 to close at $4.28, a downside of -3.72 percent. An average of 1,425,083 shares of common stock have been traded in the last five days. The last 20 days have seen an average of 1,870,386 shares traded, while the 50-day average volume stands at 2,348,608.
ASTS stock has decreased by -2.62% in the last month. The company shares reached their 1-month lowest point of $3.76 on 07/25/23. With the stock rallying to its 52-week high on 03/06/23, shares of the company touched a low of $3.55 and a high of $14.27 in 52 weeks. It has reached a new high 11 times so far this year and lost -11.31% or -$0.56 in price. In spite of this, the price is down -70.04% from the 52-week high.
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Valuation Metrics
AST SpaceMobile Inc. (ASTS) stock’s beta is 0.56. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 81.99, the price-to-book (PB) ratio at 2.59.
Financial Health
Further, the company has a long term debt to equity ratio of 0.04 and a total debt to equity ratio of 0.04 for the quarter ending March 30. AST SpaceMobile Inc.’s EBITDA margin for the year ending March 30 is -1015.07%. Its gross profit as reported stood at $7.11 million compared to revenue of $13.82 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 -9.30%.
Earnings Surprise
For the three-month period that ended March 30, AST SpaceMobile Inc. had $4.7 million in total debt. The company posted a net income of -$16.32 million in the quarter, while revenues were grew 34.31%. The analyst consensus anticipated AST SpaceMobile Inc.’s latest quarter earnings to come in at -$0.49 per share, but it turned out to be -$0.23, a 53.10% surprise. For the quarter, EBITDA amounted to -$42.72 million. Shareholders own equity worth $204.13 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 09 August was 47.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 48.71%.
As of today, ASTS’s price is $4.39 +0.12% or $unch from its 5-day moving average. ASTS is currently trading -3.72% lower than its 20-day SMA and -30.42% lower than its 100-day SMA. However, the stock’s current price level is -21.60% below the SMA50 and -32.94% below the SMA200.
The stochastic %K and %D were 75.27% and 83.94%, respectively, and the average true range (ATR) was 0.26. With the 14-day stochastic at 55.49% and the average true range at 0.27, the RSI (14) stands at 45.68%. The stock has reached 0.12 on the 9-day MACD Oscillator while the 14-day reading was at 0.25.
Analyst Ratings
B. Riley Securities launched coverage on AST SpaceMobile Inc. (NASDAQ: ASTS) in its analyst report released on October 28, 2022. The firm assigned the stock a Buy 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 $15.00 and $15.00, with a median target of $15.00. Taking a look at these predictions, the average price target given by analysts for AST SpaceMobile Inc. (ASTS) stock is $15.00.
