With 10.75 million shares changed hands, the volume of the stock remained lighter than its average volume of 13.68 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $26.075 whereas the lowest price it dropped to was $23.85. 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 $41.17. Beta for the stock currently stands at 1.61.
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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 down-trending over the past week, with a drop of -6.16%, but this was down by -5.50% over a month. Three-month performance dropped to -22.18% while six-month performance rose 354.22%. The stock gained 400.21% in the past year, while it has gained 301.49% so far this year. A look at the trailing 12-month EPS for ASTS yields -2.14 with Next year EPS estimates of -0.50. For the next quarter, that number is -0.17. This implies an EPS growth rate of -57.84% for this year and 70.63% for next year.
Float and Shares Shorts:
At present, 200.34 million ASTS shares are outstanding with a float of 138.35 million shares on hand for trading. On 2024-10-31, short shares totaled 37.86 million, which was 1896.9999000000003 higher than short shares on 1727654400. 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 0.42868 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 $1100000.0 and operating income of -$65546000.0. The EBITDA in the recently reported quarter was $185910000.0 and diluted EPS was -$1.1.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ASTS since 3 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With ASTS analysts setting a high price target of 53.0 and a low target of 15.0, the average target price over the next 12 months is 35.94. Based on these targets, ASTS could surge 118.92% to reach the target high and fall by -38.04% to reach the target low. Reaching the average price target will result in a growth of 48.45% from current levels.
Analysts have provided yearly estimates in a range of -$0.61471 being high and -$3.03677 being low. For ASTS, this leads to a yearly average estimate of -$1.68886. The surprise factor in the prior quarter was -$0.22. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
