Trading Day Review: AST SpaceMobile Inc (ASTS) Gains Momentum, Closing at 26.11

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The price of AST SpaceMobile Inc (NASDAQ: ASTS) closed at $26.11 in the last session, up 12.45% from day before closing price of $23.22. In other words, the price has increased by $12.45 from its previous closing price. On the day, 12.36 million shares were traded. ASTS stock price reached its highest trading level at $26.39 during the session, while it also had its lowest trading level at $23.6701.

Ratios:

We take a closer look at ASTS’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 6.38 and its Current Ratio is at 6.38. In the meantime, Its Debt-to-Equity ratio is 1.46 whereas as Long-Term Debt/Eq ratio is at 1.45.

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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 30 ’24 when Wisniewski Scott sold 2,700 shares for $23.12 per share. The transaction valued at 62,427 led to the insider holds 712,660 shares of the business.

Gupta Shanti B. sold 80,000 shares of ASTS for $2,066,400 on Sep 30 ’24. The Chief Operating Officer now owns 393,232 shares after completing the transaction at $25.83 per share. On Sep 30 ’24, another insider, Shanti Gupta, who serves as the Officer of the company, bought 80,000 shares for $25.83 each.

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 7384221696 and an Enterprise Value of 3979069696. For the stock, the TTM Price-to-Sale (P/S) ratio is 2947.45 while its Price-to-Book (P/B) ratio in mrq is 26.74. Its current Enterprise Value per Revenue stands at 2842.193 whereas that against EBITDA is -24.966.

Stock Price History:

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 0.25%, while the 200-Day Moving Average is calculated to be 148.53%.

Shares Statistics:

According to the various share statistics, ASTS traded on average about 16.84M shares per day over the past 3-months and 11981290 shares per day over the past 10 days. A total of 158.04M shares are outstanding, with a floating share count of 133.82M. Insiders hold about 15.32% of the company’s shares, while institutions hold 34.89% stake in the company. Shares short for ASTS as of 1726185600 were 38670165 with a Short Ratio of 2.30, compared to 1723680000 on 28512005. Therefore, it implies a Short% of Shares Outstanding of 38670165 and a Short% of Float of 25.21.

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