In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of AST SpaceMobile Inc (NASDAQ: ASTS) was $21.07 for the day, down -5.81% from the previous closing price of $22.37. In other words, the price has decreased by -$5.81 from its previous closing price. On the day, 8.86 million shares were traded. ASTS stock price reached its highest trading level at $21.63 during the session, while it also had its lowest trading level at $19.15.
Ratios:
Our analysis of ASTS’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 5.80 and its Current Ratio is at 5.80. In the meantime, Its Debt-to-Equity ratio is 0.69 whereas as Long-Term Debt/Eq ratio is at 0.54.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on March 08, 2024, initiated with a Buy rating and assigned the stock a target price of $7.
On March 06, 2024, Scotiabank started tracking the stock assigning a Sector Outperform rating and target price of $7.50.
On October 28, 2022, B. Riley Securities started tracking the stock assigning a Buy rating and target price of $15.B. Riley Securities initiated its Buy rating on October 28, 2022, with a $15 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 20 ’24 when AA Gables, LLC bought 2,500,000 shares for $23.58 per share.
Yao Huiwen sold 45,000 shares of ASTS for $1,091,700 on Oct 08 ’24. The Chief Technology Officer now owns 55,000 shares after completing the transaction at $24.26 per share. On Sep 30 ’24, another insider, Wisniewski Scott, who serves as the President of the company, sold 2,700 shares for $23.12 each. As a result, the insider received 62,427 and left with 712,660 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ASTS now has a Market Capitalization of 6481363968 and an Enterprise Value of 4083593728. For the stock, the TTM Price-to-Sale (P/S) ratio is 2441.89 while its Price-to-Book (P/B) ratio in mrq is 11.60. Its current Enterprise Value per Revenue stands at 2916.853 whereas that against EBITDA is -25.622.
Stock Price History:
The Beta on a monthly basis for ASTS is 1.62, which has changed by 4.416465 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, ASTS has reached a high of $39.08, while it has fallen to a 52-week low of $1.97. The 50-Day Moving Average of the stock is -11.08%, while the 200-Day Moving Average is calculated to be 20.41%.
Shares Statistics:
ASTS traded an average of 8.99M shares per day over the past three months and 5904910 shares per day over the past ten days. A total of 170.04M shares are outstanding, with a floating share count of 149.32M. Insiders hold about 25.47% of the company’s shares, while institutions hold 33.62% stake in the company. Shares short for ASTS as of 1730332800 were 37861076 with a Short Ratio of 3.92, compared to 1727654400 on 41562113. Therefore, it implies a Short% of Shares Outstanding of 37861076 and a Short% of Float of 19.42.
