Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AST SpaceMobile Inc shares valued at $58,950,000 were purchased by AA Gables, LLC on Nov 20 ’24. At $23.58 per share, AA Gables, LLC acquired 2,500,000 shares.
Also, Yao Huiwen sold 45,000 shares, netting a total of over 1,091,700 in proceeds. Following the sale of shares at $24.26 each, the insider now holds 55,000 shares.
Before that, Wisniewski Scott had sold 2,700 shares from its account. In a trade valued at $62,427, the President traded AST SpaceMobile Inc shares for $23.12 each. Upon closing the transaction, the insider’s holdings decreased to 2,700 shares, worth approximately $19.68 million.
As published in their initiating research note from Cantor Fitzgerald on February 06, 2025, AST SpaceMobile Inc [ASTS] has been an Overweight and the price target has been revised to $30. Analysts at UBS started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of March 06, 2024, Scotiabank has initiated its “Sector outperform” rating for ASTS. Earlier on October 28, 2022, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for ASTS stock.
Analyzing ASTS Stock Performance
During the last five days, there has been a surge of approximately 11.74%. Over the course of the year, AST SpaceMobile Inc shares have jumped approximately 30.85%. Shares of the company reached a 52-week high of $32.97 on 02/10/25 and a 52-week low of $17.50 on 01/29/25. A 50-day SMA is recorded $23.01, while a 200-day SMA reached $19.64. Nevertheless, trading volume fell to 10.87 million shares from 33.86 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 26.89, which, if violated, would cause prices to drop to 26.18. In the upper region, resistance lies at 28.73. The next price resistance is at 29.86. RSI (Relative Strength Index) is 60.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.77, which suggests the price will increase in the coming days. Percent R is at 34.65%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
