How Worried Should Investors Be About AST SpaceMobile Inc (NASDAQ: ASTS)

AST SpaceMobile Inc (NASDAQ:ASTS) does about 10.52M shares in volume on a normal day but saw 10585236 shares change hands in Monday trading. The company now has a market cap of 1.80B USD. Its current market price is $12.10, marking a decrease of -2.42% compared to the previous close of $12.40. The 52 week high reached by this stock is $12.60 whilst the lowest price level in 52 weeks is $1.97.

AST SpaceMobile Inc (ASTS) has a 20-day trading average at $10.72 and the current price is -3.97% off the 52-week high compared with 514.21% distance from its 52-week low. The 50-day simple moving average of the closing price is $6.95 and its 200-day simple moving average is $4.48. If we look at the stock’s price movements over the week, volatility stands at 11.28%, which decreases to 10.74% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 67.71 to suggest the stock is neutral.

The consensus objective for the share price is $15.58, suggesting that the stock has a potential upside of 22.34% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 08, 2024 when UBS initiated the stock to “Buy” and issued a price target of $7. B. Riley Securities initiated its price target at $15.

AST SpaceMobile Inc (ASTS) stock is up 4.22% over the week and 37.66% over the past month. Its price is 100.66% year-to-date and 188.10% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at -0.22 and -0.72 for whole year. Expected sales for next quarter are $35M, which analysts say will come at $50.67M for the current fiscal year and next year at $264.51M. In addition, estimates put the company’s current quarterly revenue at an average of $11M.

To reach the target analysts have set, the stock logically needs to grow 22.34 percent from here.

Outstanding shares total 148.73M with insiders holding 14.41% of the shares and institutional holders owning 36.95% of the company’s common stock. The company has a return on investment of -27.01% and return on equity of -64.25%. The beta has a value of 1.61. Price to book ratio is 10.16 and price to sales ratio is 3599.27.