AST SpaceMobile Inc’s filing revealed that its (1) AA Gables, LLC acquired Company’s shares for reported $58.95 million on Nov 20 ’24. In the deal valued at $23.58 per share,2,500,000 shares were bought.
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Then, Yao Huiwen sold 45,000 shares, generating $1,091,700 in total proceeds. Upon selling the shares at $24.26, the Chief Technology Officer now owns 55,000 shares.
Before that, Wisniewski Scott sold 2,700 shares. AST SpaceMobile Inc shares valued at $62,427 were divested by the President at a price of $23.12 per share. As a result of the transaction, Wisniewski Scott now holds 712,660 shares, worth roughly $17.36 million.
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 Tuesday, AST SpaceMobile Inc [NASDAQ:ASTS] saw its stock fall -6.25% to $24.36. Over the last five days, the stock has gained 6.33%. AST SpaceMobile Inc shares have risen nearly 303.98% since the year began. Nevertheless, the stocks have risen 344.53% 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 $24.74, while 200 days put it at $15.39.
Levels Of Support And Resistance For ASTS Stock
The 24-hour chart illustrates a support level at 23.57, which if violated will result in even more drops to 22.78. On the upside, there is a resistance level at 25.91. A further resistance level may holdings at 27.47. The Relative Strength Index (RSI) on the 14-day chart is 50.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 64.96%. Stochastics %K at 53.25% 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 2024-10-31, dropping by -3.7 million shares to a total of 37.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 41.56 million shares. There was a decline of -9.78%, 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.
