With 10.96 million shares changed hands, the volume of the stock remained lighter than its average volume of 17.15 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $29.614 whereas the lowest price it dropped to was $26.957. The 52-week range on ASTS shows that it touched its highest point at $39.08 and its lowest point at $1.97 during that stretch. It currently has a 1-year price target of $43.73. Beta for the stock currently stands at 1.62.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ASTS was up-trending over the past week, with a rise of 15.01%, but this was up by 4.81% over a month. Three-month performance surged to 108.76% while six-month performance rose 1197.21%. The stock gained 851.88% in the past year, while it has gained 362.52% so far this year. A look at the trailing 12-month EPS for ASTS yields -1.26 with Next year EPS estimates of -0.71. For the next quarter, that number is -0.20. This implies an EPS growth rate of 0.86% for this year and 32.88% for next year.
Float and Shares Shorts:
At present, 164.90 million ASTS shares are outstanding with a float of 111.66 million shares on hand for trading. On 2024-09-30, short shares totaled 41.56 million, which was 2520.0 higher than short shares on 1724976000. In addition to Mr. Abel Avellan as the firm’s Founder, Chairman & CEO, Mr. Scott Wisniewski serves as its President & Chief Strategy Officer.
Institutional Ownership:
Through their ownership of 0.35422 of ASTS’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, ASTS reported revenue of $900000.0 and operating income of -$62993000.0. The EBITDA in the recently reported quarter was $23539000.0 and diluted EPS was -$0.51.
