AST SpaceMobile Inc (NASDAQ: ASTS) – Suitable For Long Term Buy?

Currently, there are 151.35M common shares owned by the public and among those 127.69M shares have been available to trade.

The company’s stock has a 5-day price change of -1.48% and 658.78% over the past three months. ASTS shares are trading 208.29% year to date (YTD), with the 12-month market performance up to 336.38% higher. It has a 12-month low price of $1.97 and touched a high of $21.28 over the same period. ASTS has an average intraday trading volume of 12.88 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 24.62%, 60.16%, and 234.20% respectively.

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Institutional ownership of AST SpaceMobile Inc (NASDAQ: ASTS) shares accounts for 34.58% of the company’s 151.35M shares outstanding.

It has a market capitalization of $2.81B and a beta (3y monthly) value of 1.63. The earnings-per-share (ttm) stands at -$0.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 16.15% over the week and 11.35% over the month.

Earnings per share for the fiscal year are expected to increase by 33.87%, and 4.15% over the next financial year.

Looking at the support for the ASTS, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on March 08, 2024, with the firm’s price target at $7. Scotiabank coverage for the AST SpaceMobile Inc (ASTS) stock in a research note released on March 06, 2024 offered a Sector Outperform rating with a price target of $7.50. B. Riley Securities was of a view on October 28, 2022 that the stock is Buy, while Barclays gave the stock Overweight rating on July 12, 2021, issuing a price target of $29. Deutsche Bank on their part issued Buy rating on June 30, 2021.

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