The stock of AST SpaceMobile Inc. (NASDAQ:ASTS) increased by $0.33 on Tuesday to finish at $4.14, up 8.66 percent. The last five days have seen an average of 2,939,080 shares of common stock traded. 11 times new highs were reached in the current year, with a fall of -$0.68. The average number of shares traded over the last 20 days was 1,572,025, while the average volume over the last 50 days totaled 1,926,562.
ASTS stock appreciated 7.53% since last month. On 08/25/23, the company’s shares reached a one-month low of $3.64. The stock touched a high of $10.21 on 03/06/23, after rallying from a low of $3.55 in 52 weeks. The price of ASTS stock has declined by -14.11% or -$0.68 this year, reaching a new high 11 times. Still, the stock price is down -59.45% from the 52-week high.
Insider Transactions
ASTS stock investors should be aware that AST SpaceMobile Inc. (ASTS) stock had its last reported insider trading activity 292 days ago on Dec 02. On Dec 02, Director Cisneros Adriana acquired 36,364 shares at $5.50 each. This transaction resulted in the insider spending $200,002.
Valuation Metrics
Beta for the stock is 0.59. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 214.57, the price-to-book (PB) ratio of 2.15.
Financial Health
For the three months ended June 29, AST SpaceMobile Inc.’s current ratio was 7.20. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.03, and the total debt to equity ratio is 0.03. As far as profitability goes, gross margin for the trailing twelve months is 39.40% percent. Based on annual data, it had gross profit of $7.11 million and revenue of $13.82 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ASTS’s return on assets (ROA) during the last 12 months has been -12.90%. There was a -105.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -43.10%.
Earnings Surprise
According to AST SpaceMobile Inc.’s quarterly financial report for the quarter that ended June 29. It was predicted that AST SpaceMobile Inc.’s quarterly earnings would be -$0.24, but it ended up being -$0.24. EBITDA was -$43.95 million for the quarter. At the end of AST SpaceMobile Inc.’s most recent quarter ended June 29, its liabilities totaled 72.59 million, while its total debt was $18.25 million. Equity owned by shareholders amounts to $217.68 million.
Technical Picture
Here’s a quick look at AST SpaceMobile Inc.’s (ASTS) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 61.88%, suggesting the stock is Neutral, with a 55.98% historical volatility rate.
The stochastic %K and %D were 39.97% and 38.71% respectively, while the average true range (ATR) was 0.24. Based on the 14-day stochastic reading of 70.25%, the RSI (14) reading is 55.61%. On the 9-day MACD Oscillator, the stock is at 0.02, and the 14-day reading is at 0.01.
Analyst Ratings
In its analyst report released on October 28, 2022, B. Riley Securities began covering AST SpaceMobile Inc. (NASDAQ: ASTS). The stock was rated as a Buy by the brokerage firm. Analysts have assigned AST SpaceMobile Inc. (ASTS) an Overweight rating. ASTS is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 1 other recommend it as a buy.
What is ASTS’s price target for the next 12 months?
The current consensus forecast for the stock is between $15.00 and $15.00, with a median target price of $15.00. In analyzing these forecasts, the average price target given by analysts for AST SpaceMobile Inc. (ASTS) is $15.00.
