At the time of writing, AST SpaceMobile Inc [ASTS] stock is trading at $2.31, up 1.76%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ASTS shares have gain 14.93% over the last week, with a monthly amount drifted -23.26%, and not seem to be holding up well over a long-time horizon.
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On 1, April 2024, AST SpaceMobile Provides Business Update and Fourth Quarter and Full Year 2023 Results. In a post published today on Yahoo Finance, AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, and designed for both commercial and government applications, is providing its business update for the three months and fiscal year ended December 31, 2023.
From an analyst’s perspective:
AST SpaceMobile Inc [NASDAQ: ASTS] stock has seen the most recent analyst activity on March 08, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $7. Previously, Scotiabank started tracking the stock with Sector Outperform rating on March 06, 2024, and set its price target to $7.50. On October 28, 2022, B. Riley Securities initiated with a Buy rating and assigned a price target of $15 on the stock. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $29 on July 12, 2021. Deutsche Bank initiated its recommendation with a Buy and recommended $35 as its price target on June 30, 2021.
For the past year, the stock price of AST SpaceMobile Inc fluctuated between $1.97 and $7.10. Currently, Wall Street analysts expect the stock to reach $7.4 within the next 12 months. AST SpaceMobile Inc [NASDAQ: ASTS] shares were valued at $2.31 at the most recent close of the market. An investor can expect a potential return of 220.35% based on the average ASTS price forecast.
Analyzing the ASTS fundamentals
To continue investigating profitability, this company’s Return on Assets is posted at -0.4, Equity is -1.19 and Total Capital is -0.73. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.62.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.26 points at the first support level, and at 2.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.35, and for the 2nd resistance point, it is at 2.40.
AST SpaceMobile Inc [ASTS] reported earnings per share of -$0.35 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.23/share, meaning a difference of -$0.12 and a surprise factor of -52.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.23 per share as compared to estimates of -$0.21 per share, a difference of -$0.02 representing a surprise of -9.50%.
Ratios To Look Out For
It is important to note that AST SpaceMobile Inc [NASDAQ:ASTS] has a current ratio of 2.31. As well, the Quick Ratio is 2.31, while the Cash Ratio is 1.91.
