Let’s look at the key reasons that are pushing AST SpaceMobile Inc (ASTS) to new highs

AST SpaceMobile Inc (NASDAQ: ASTS) on Tuesday, plunged -3.39% from the previous trading day, before settling in for the closing price of $24.21. Within the past 52 weeks, ASTS’s price has moved between $1.97 and $39.08.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 4.84%. The company achieved an average annual earnings per share of -57.84%. With a float of $138.35 million, this company’s outstanding shares have now reached $200.34 million.

Considering the fact that the conglomerate employs 489 people, you should pay attention to its efficiency factor. 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) Breakdown of a Key Holders of the stock

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 33.57%. The most recent insider transaction that took place on Nov 20 ’24, was worth 58,950,000. Before that another transaction happened on Oct 08 ’24, when Company’s Chief Technology Officer sold 45,000 for $24.26, making the entire transaction worth $1,091,700. This insider now owns 55,000 shares in total.

AST SpaceMobile Inc (ASTS) Recent Fiscal highlights

As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.37 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.24) by -0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.

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 2710.76.

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)

Compared to the last year’s volume of 10.65 million, its volume of 9.18 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 25.71%. Additionally, its Average True Range was 2.52.

During the past 100 days, AST SpaceMobile Inc’s (ASTS) raw stochastic average was set at 43.30%, which indicates a significant increase from 28.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 108.14% in the past 14 days, which was lower than the 127.43% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $25.17, while its 200-day Moving Average is $14.47. Nevertheless, the first resistance level for the watch stands at $24.22 in the near term. At $25.06, the stock is likely to face the second major resistance level. The third major resistance level sits at $25.71. If the price goes on to break the first support level at $22.73, it is likely to go to the next support level at $22.08. Now, if the price goes above the second support level, the third support stands at $21.24.

AST SpaceMobile Inc (NASDAQ: ASTS) Key Stats

Market capitalization of the company is 6.78 billion based on 289,735K outstanding shares. Right now, sales total 0 K and income totals -87,560 K. The company made 1,100 K in profit during its latest quarter, and -171,950 K in sales during its previous quarter.