AST SpaceMobile Inc (NASDAQ: ASTS) Loses -25.69% From High. Why That Could Change?

Currently, there are 151.48M common shares owned by the public and among those 128.96M shares have been available to trade.

The company’s stock has a 5-day price change of -11.63% and 250.94% over the past three months. ASTS shares are trading 381.59% year to date (YTD), with the 12-month market performance up to 633.33% higher. It has a 12-month low price of $1.97 and touched a high of $39.08 over the same period. ASTS has an average intraday trading volume of 14.89 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 7.15%, 53.79%, and 269.83% respectively.

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Institutional ownership of AST SpaceMobile Inc (NASDAQ: ASTS) shares accounts for 36.39% of the company’s 151.48M shares outstanding.

It has a market capitalization of $4.40B and a beta (3y monthly) value of 1.61. The earnings-per-share (ttm) stands at -$1.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.04% over the week and 16.84% over the month.

Earnings per share for the fiscal year are expected to increase by 10.36%, and 18.83% 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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