AST SpaceMobile Inc (NASDAQ: ASTS) on Monday, soared 6.48% from the previous trading day, before settling in for the closing price of $24.23. Within the past 52 weeks, ASTS’s price has moved between $1.97 and $39.08.
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Annual sales at Technology sector company grew by 4.84% over the past five years. The company achieved an average annual earnings per share of -57.84%. With a float of $113.88 million, this company’s outstanding shares have now reached $164.90 million.
Let’s look at the performance matrix of the company that is accounted for 489 employees. In terms of profitability, gross margin is -3152.92%, operating margin of -9796.68%, and the pretax margin is -21923.92%.
AST SpaceMobile Inc (ASTS) Insider and Institutional Ownership
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of AST SpaceMobile Inc is 30.94%, while institutional ownership is 40.80%. The most recent insider transaction that took place on Oct 08 ’24, was worth 1,091,700. In this transaction Chief Technology Officer of this company sold 45,000 shares at a rate of $24.26, taking the stock ownership to the 55,000 shares. Before that another transaction happened on Sep 30 ’24, when Company’s President sold 2,700 for $23.12, making the entire transaction worth $62,427. This insider now owns 712,660 shares in total.
AST SpaceMobile Inc (ASTS) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -57.84% per share during the next fiscal year.
AST SpaceMobile Inc (NASDAQ: ASTS) Trading Performance Indicators
AST SpaceMobile Inc (ASTS) is currently performing well based on its current performance indicators. A quick ratio of 5.80 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2638.74.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.14, a number that is poised to hit -0.17 in the next quarter and is forecasted to reach -0.50 in one year’s time.
Technical Analysis of AST SpaceMobile Inc (ASTS)
AST SpaceMobile Inc (NASDAQ: ASTS) saw its 5-day average volume 16.87 million, a positive change from its year-to-date volume of 10.7 million. As of the previous 9 days, the stock’s Stochastic %D was 49.09%. Additionally, its Average True Range was 2.84.
During the past 100 days, AST SpaceMobile Inc’s (ASTS) raw stochastic average was set at 54.06%, which indicates a significant increase from 50.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 108.35% in the past 14 days, which was lower than the 127.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $25.63, while its 200-day Moving Average is $13.83. Nevertheless, the first resistance level for the watch stands at $27.27 in the near term. At $28.74, the stock is likely to face the second major resistance level. The third major resistance level sits at $30.49. If the price goes on to break the first support level at $24.05, it is likely to go to the next support level at $22.30. The third support level lies at $20.83 if the price breaches the second support level.
AST SpaceMobile Inc (NASDAQ: ASTS) Key Stats
Market capitalization of the company is 6.60 billion based on 269,394K outstanding shares. Right now, sales total 0 K and income totals -87,560 K. The company made 900 K in profit during its latest quarter, and -72,550 K in sales during its previous quarter.
