Stocks of AST SpaceMobile Inc (NASDAQ:ASTS) traded higher last session on Wall Street, up 4.09% to $27.24.
ASTS stock price is now 13.25% away from the 50-day moving average and 30.54% away from the 200-day moving average. The market capitalization of the company currently stands at $7.89B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $30, Cantor Fitzgerald recently initiated with Overweight rating for AST SpaceMobile Inc (NASDAQ: ASTS). On March 08, 2024, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $7, while ‘Scotiabank’ rates the stock as ‘Sector Outperform’
In other news, AA Gables, LLC, (1) bought 2,500,000 shares of the company’s stock on Nov 20 ’24. The stock was bought for $58,950,000 at an average price of $23.58. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 08 ’24, Chief Technology Officer Yao Huiwen sold 45,000 shares of the business’s stock. A total of $1,091,700 was realized by selling the stock at an average price of $24.26. This leaves the insider owning 55,000 shares of the company worth $1.5 million. A total of 28.59% of the company’s stock is owned by insiders.
During the past 12 months, AST SpaceMobile Inc has had a low of $1.97 and a high of $39.08. As of last week, the company has a debt-to-equity ratio of 0.69, a current ratio of 5.80, and a quick ratio of 5.80.
The net profit margin was -11846.08% and return on equity was -135.62% for ASTS.
