With 12.09 million shares changed hands, the volume of the stock remained heavier than its average volume of 9.58 million shares. 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 $38.04. Beta for the stock currently stands at 1.68.
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 9.75%, but this was up by 50.00% over a month. Three-month performance surged to 16.31% while six-month performance rose 0.45%. The stock gained 814.08% in the past year, while it has gained 47.73% so far this year. A look at the trailing 12-month EPS for ASTS yields -2.14 with Next year EPS estimates of -0.69. For the next quarter, that number is -0.19. This implies an EPS growth rate of -64.97% for this year and 60.85% for next year. EPS is expected to grow by 37.32% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -80.78%.
Float and Shares Shorts:
At present, 170.04 million ASTS shares are outstanding with a float of 143.03 million shares on hand for trading.
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.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.62477 being high and -$3.33935 being low. For ASTS, this leads to a yearly average estimate of -$1.76513. Based on analyst estimates, the high estimate for the next quarter is -$0.26 and the low estimate is -$0.26. The average estimate for the next quarter is thus -$0.26.
