The Vanguard Group, Inc. has recently announced that it has increased stake in AST SpaceMobile Inc. (NASDAQ:ASTS) by 16.46%. After grabbing 2.83 million shares, the institutional investor is now in possession of 0.4 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 3.94% having worth around $15.02 million. Moreover, BlackRock Fund Advisors increased its share by 0.21 million to have a control over 1.07 million shares. And National Bank Financial, Inc. raised its holdings to 0.89 million shares by acquiring 0.91 million shares or 1.26% of the stake.
AST SpaceMobile Inc. (ASTS) concluded trading on 05/24/23 at a closing price of $5.25, with 1.37 million shares of worth about $7.22 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -19.35% during that period and on Wednesday the price saw a loss of about -3.67%. Currently the company’s common shares owned by public are about 71.84M shares, out of which, 47.38M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the ASTS stock and their offered price forecasts bring an average price target of $23.50. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $32.00 and could fall to a lowest price of $15.00. The stock’s current price level is 74.6% above of average price target set by the analysts, while a rise to estimated low would result in gain of 65.0% for the stock. However, touching the estimated high of $32.00 would mean a gain of 83.59% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 12 times over the past 12 months. They bought 153,941 shares in 8 of the transactions. In 4 selling transactions, insiders dumped 438,553 shares.
Hennessy Focus Fund, Vanguard Total Stock Market ETF, and Janus Henderson Triton Fund are the top 3 mutual funds which are holding stakes in AST SpaceMobile Inc. Hennessy Focus Fund is currently holding 2.0 million shares of worth totaling $10.61 million. The company recently came buying 0.0 shares which brought its stake up to 2.78% of the company’s outstanding shares. Janus Henderson Triton Fund, after buying 1.67 million shares, have now control over 2.32% of the stake in the company. It holds 0.0 shares of worth $8.87 million.
AST SpaceMobile Inc. (NASDAQ: ASTS) started trading at $5.41, below -$0.04 from concluding price of the previous day. However, the stock later moved at a day high price of 5.38, or with a loss of -3.67%. Stock saw a price change of -0.19% in past 5 days and over the past one month there was a price change of 18.24%. Year-to-date (YTD), ASTS shares are showing a performance of 8.92% which decreased to -32.52% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.55 but also hit the highest price of $14.27 during that period. The average intraday trading volume for AST SpaceMobile Inc. shares is 2.13 million. The stock is currently trading 2.92% above its 20-day simple moving average (SMA20), while that difference is up 2.60% for SMA50 and it goes to -19.61% lower than SMA200.
The Vanguard Group, Inc. acquired 2.83 million shares of AST SpaceMobile Inc. having value of about $15.02 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.4 million shares in the company valued at close to $2098509.0, or have control over 16.46% stake in the company. AST SpaceMobile Inc. (NASDAQ: ASTS) currently have 71.84M outstanding shares and institutions hold larger chunk of about 16.80% of that. Holding of mutual funds in the company is about 14.89% while other institutional holders and individual stake holders have control over 41.24% and 11.37% of the stake respectively.
The stock has a current market capitalization of $1.06B and its 3Y-monthly beta is at 0.66. It has posted earnings per share of -$0.58 in the same period. It has a debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ASTS, volatility over the week remained 7.37% while standing at 7.49% over the month.
Analysts are in expectations that AST SpaceMobile Inc. (ASTS) stock would likely to be making an EPS of -$0.19 in the current quarter, while forecast for next quarter EPS is -$0.21 and it is -$0.83 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.19 which is -$0.19 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1.60% while it is estimated to decrease by -2.90% in next year.
Analysts at 2 brokerage firms have issued recommendations for the AST SpaceMobile Inc. (ASTS)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 2 Wall Street analysts, 2 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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