Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AST SpaceMobile Inc shares valued at $1,091,700 were sold by Yao Huiwen on Oct 08 ’24. At $24.26 per share, Yao Huiwen sold 45,000 shares. The insider’s holdings dropped to 55,000 shares worth approximately $1.57 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Wisniewski Scott sold 2,700 shares, netting a total of over 62,427 in proceeds. Following the sale of shares at $23.12 each, the insider now holds 712,660 shares.
Before that, Gupta Shanti B. had sold 80,000 shares from its account. In a trade valued at $2,066,400, the Chief Operating Officer traded AST SpaceMobile Inc shares for $25.83 each. Upon closing the transaction, the insider’s holdings decreased to 80,000 shares, worth approximately $11.2 million.
As published in their initiating research note from UBS on March 08, 2024, AST SpaceMobile Inc [ASTS] has been a Buy and the price target has been revised to $7. Analysts at Scotiabank started covering the stock with ‘”a Sector outperform”‘ outlook in a report released in early March. As of October 28, 2022, B. Riley Securities has initiated its “Buy” rating for ASTS. Earlier on July 12, 2021, Barclays initiated its rating. Their recommendation was “an Overweight” for ASTS stock.
Analyzing ASTS Stock Performance
During the last five days, there has been a surge of approximately 23.49%. Over the course of the year, AST SpaceMobile Inc shares have jumped approximately 372.47%. Shares of the company reached a 52-week high of $39.08 on 08/21/24 and a 52-week low of $1.97 on 04/02/24. A 50-day SMA is recorded $27.28, while a 200-day SMA reached $11.47. Nevertheless, trading volume fell to 11.12 million shares from 14.43 million shares the previous day.
Support And Resistance Levels for AST SpaceMobile Inc (ASTS)
According to the 24-hour chart, there is a support level at 27.16, which, if violated, would cause prices to drop to 25.83. In the upper region, resistance lies at 29.40. The next price resistance is at 30.31. RSI (Relative Strength Index) is 58.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.10, which suggests the price will increase in the coming days. Percent R is at 6.93%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
