BlackRock Fund Advisors has recently announced that it has increased stake in AST SpaceMobile Inc (NASDAQ:ASTS) by 34.30%. After grabbing 4.96 million shares, the institutional investor is now in possession of 1.27 million shares of the Technology Company. The new investment brought the stake of investor firm to 5.54% having worth around $24.05 million. Moreover, The Vanguard Group, Inc. increased its share by 0.5 million to have a control over 4.18 million shares. And Geode Capital Management LLC raised its holdings to 0.51 million shares by acquiring 1.75 million shares or 1.96% of the stake.
AST SpaceMobile Inc (ASTS) concluded trading on 12/27/23 at a closing price of $6.36, with 3.06 million shares of worth about $19.47 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 37.07% during that period and on Wednesday the price saw a gain of about 2.75%. Currently the company’s common shares owned by public are about 89.47M shares, out of which, 78.80M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 5 times over the past 12 months. They bought 153,848 shares in 4 of the transactions. In 1 selling transactions, insiders dumped 20,678 shares.
Vanguard Total Stock Market ETF, Janus Henderson Triton Fund, and Hennessy Focus Fund are the top 3 mutual funds which are holding stakes in AST SpaceMobile Inc Vanguard Total Stock Market ETF is currently holding 2.48 million shares of worth totaling $12.04 million. The company recently came buying 0.0 shares which brought its stake up to 2.78% of the company’s outstanding shares. Hennessy Focus Fund, after buying 2.0 million shares, have now control over 2.23% of the stake in the company. It holds 0.0 shares of worth $9.69 million.
Stock saw a price change of 14.39% in past 5 days and over the past one month there was a price change of 33.61%. Year-to-date (YTD), ASTS shares are showing a performance of 31.95% which increased to 60.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.73 but also hit the highest price of $7.14 during that period. The average intraday trading volume for AST SpaceMobile Inc shares is 1.90 million. The stock is currently trading 20.26% above its 20-day simple moving average (SMA20), while that difference is up 44.93% for SMA50 and it goes to 38.25% higher than SMA200.
BlackRock Fund Advisors acquired 4.96 million shares of AST SpaceMobile Inc having value of about $24.05 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 1.27 million shares in the company valued at close to $8053610.76, or have control over 34.30% stake in the company. AST SpaceMobile Inc (NASDAQ: ASTS) currently have 89.47M outstanding shares and institutions hold larger chunk of about 33.29% of that. Holding of mutual funds in the company is about 17.22% while other institutional holders and individual stake holders have control over 28.76% and 16.16% of the stake respectively.
The stock has a current market capitalization of $569.03M and its 3Y-monthly beta is at 0.89. It has posted earnings per share of -$0.84 in the same period. It has Quick Ratio of 6.06 while making debt-to-equity ratio of 0.56. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ASTS, volatility over the week remained 7.87% while standing at 6.82% over the month.
Analysts are in expectations that AST SpaceMobile Inc (ASTS) stock would likely to be making an EPS of -$0.21 in the current quarter, while forecast for next quarter EPS is -$0.19 and it is -$0.83 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.21 which is -$0.21 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.14 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -30.20% while it is estimated to decrease by -10.18% in next year.
Analysts at 3 brokerage firms have issued recommendations for the AST SpaceMobile Inc (ASTS)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.33. Out of those 3 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on October 28, 2022 offering a Buy rating for the stock and assigned a target price of $15 to it.
