AST SpaceMobile Inc’s filing revealed that its Director Cisneros Adriana acquired Company’s shares for reported $0.13 million on Sep 06 ’24. In the deal valued at $26.32 per share,4,934 shares were bought. As a result of this transaction, Cisneros Adriana now holds 774,772 shares worth roughly $20.53 million.
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Then, Wallace Sean R. bought 100,000 shares, generating $2,672,127 in total proceeds.
UBS initiated its AST SpaceMobile Inc [ASTS] rating to a Buy in a research note published on March 08, 2024; the price target was $7. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in early March with a ‘”a Sector outperform”‘ rating. B. Riley Securities began covering ASTS with “Buy” recommendation on October 28, 2022. Barclays started covering the stock on July 12, 2021. It rated ASTS as “an Overweight”.
Price Performance Review of ASTS
On Friday, AST SpaceMobile Inc [NASDAQ:ASTS] saw its stock fall -7.38% to $26.50. Over the last five days, the stock has lost -11.16%. AST SpaceMobile Inc shares have risen nearly 339.47% since the year began. Nevertheless, the stocks have risen 555.94% over the past one year. While a 52-week high of $39.08 was reached on 08/21/24, a 52-week low of $1.97 was recorded on 04/02/24. SMA at 50 days reached $23.96, while 200 days put it at $9.62.
Levels Of Support And Resistance For ASTS Stock
The 24-hour chart illustrates a support level at 25.17, which if violated will result in even more drops to 23.83. On the upside, there is a resistance level at 28.34. A further resistance level may holdings at 30.17. The Relative Strength Index (RSI) on the 14-day chart is 48.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.23%. Stochastics %K at 32.79% indicates the stock is a holding.
How much short interest is there in AST SpaceMobile Inc?
A steep rise in short interest was recorded in AST SpaceMobile Inc stocks on 2024-08-30, dropping by -2.65 million shares to a total of 23.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 26.1 million shares. There was a decline of -11.3%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 30, 2021 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $35 price target.
