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Tuesday, January 31, 2023

Is AST SpaceMobile Inc. (NASDAQ: ASTS) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for AST SpaceMobile Inc. (ASTS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.03, or -0.58%, to $5.14. The AST SpaceMobile Inc. has recorded 4,852 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted AST SpaceMobile and NASA Sign Joint Agreement to Improve Spaceflight Safety.

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Stocks Info

This NASDAQ-listed company operates within the Telecom Services industry segment, falling under the Communication Services sector. At the end of the last regular session, the stock closed at $5.17 and fluctuated between $5.35 as its day high and $5.09 as its day low. The current market capitalization of AST SpaceMobile Inc. is $1.01B. A total of 0.71 million shares were traded on the day, compared to an average of 1.95M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, ASTS has seen 4 BUY and 0 SELL insider trades, representing the acquisition of 87,273 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 1 SELLs from insiders. Insiders purchased 553,941 shares during that period but sold 17,875.

In the most recent transaction, Cisneros Adriana bought 36,364 shares of ASTS for 5.50 per share on Dec 02. After the transaction, the Director now owns 39,764 company shares.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for ASTS in the last 3 months, the mean price target is $20.67 with high estimates of $32.00 and low estimates of $15.00. In terms of 52-week highs and lows, ASTS has a high of $14.27 and a low of $3.55.

As of this writing, ASTS has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0. The company reported an EPS of $0.07 in the last quarter, which was 106.80% higher than expectations of -$1.03.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 3 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ASTS is Buy with a score of 5.00. A total of 2 analysts rated the stock as Buy while 1 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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