AST SpaceMobile Inc. (NASDAQ:ASTS) saw a downside of -3.85% to $3.75 after subtracting -$0.15 on Tuesday. The 5-day average trading volume is 2,055,771 shares of the company’s common stock. It has gained $4.06 in the past week and touched a new high 2 times within the past 5 days. An average of 1,993,523 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,647,705.
ASTS’s 1-month performance is -3.85% or -$0.25 on its low of $3.60 reached on 08/16/23. The company’s shares have touched a 52-week low of $3.55 and high of $13.32, with the stock’s rally to the 52-week high happening on 03/06/23. YTD, ASTS has lost -22.20% or -$1.10 and has reached a new high 11 times. However, the current price is down -71.85% from the 52-week high price.
Valuation Metrics
ASTS stock has a beta of 0.60. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 72.53 while the price-to-book (PB) in the most recent quarter is 2.27.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.04, while the total debt to equity was 0.04. In terms of profitability, the gross margin trailing 12 months is 58.70%. The trailing 12-month EBITDA margin is -1015.07%. The firm’s gross profit as reported stood at $7.11 million against revenue of $13.82 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income grew 84.14% to -$18.41 million, while revenue of -$16.32 million was 11.35% off the previous quarter. Analysts expected ASTS to announce -$0.24 per share in earnings in its latest quarter, but it posted -$0.24, representing a 0.00% surprise. EBITDA for the quarter stood at more than -$43.95 million. ASTS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 72.59 million, with total debt at $18.25 million. Shareholders hold equity totaling $217.68 million.
Let’s look briefly at AST SpaceMobile Inc. (ASTS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 36.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 98.60%.
The stock’s 5-day moving average is $3.80, reflecting a +1.09% or $0.04 change from its current price. ASTS is currently trading -2.74% above its 20-day SMA, -41.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -35.22% and SMA200 by-41.15%.
Stochastic %K and %D was 17.18% and 17.85% and the average true range (ATR) pointed at 0.31. The RSI (14) points at 38.45%, while the 14-day stochastic is at 9.54% with the period’s ATR at 0.31. The stock’s 9-day MACD Oscillator is pointing at -0.13 and -0.29 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for AST SpaceMobile Inc. (NASDAQ: ASTS), B. Riley Securities launched coverage with a Buy rating. Analysts offering their rating for ASTS stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ASTS as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 1 have offered a “buy” rating.
What is ASTS’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $15.00 and a high of $15.00, with their median price target at $15.00. Looking at these predictions, the average price target given by analysts is for AST SpaceMobile Inc. (ASTS) stock is $15.00.
