AST SpaceMobile (ASTS) Stock Is Set for Disruption

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The ASTS stock price fluctuated between $11.84 and $13.2 throughout the trading session with the volume trading being 6M shares, which represented a positive variation when compared to the three months average volume of 2M shares.

The share price of AST SpaceMobile, Inc. (NasdaqGS:ASTS) ran up 10.87% to close Friday’s market session at $12.95, higher as compared to yesterday’s close which brings the market valuation of the company to $669.9M.

The 52-week high for the AST SpaceMobile, Inc.’s shares is $25.37. That puts it -48.96% from that peak but still a 27.96% gain since the share price dropped to a 52-week low of $6.96, while the S&P 500’s share price change was of 35.11%.

What does the trading volume tell us about the ASTS stock?

During the last trading session, AST SpaceMobile, Inc. (NasdaqGS:ASTS) has seen growth in its daily volume. The daily volume was of 2M, while in the last 10 days the average was 1.76M and last three months – 2.46M.

The increasing interest in the ASTS stock from the investors is helping to drive the stock price up.

Growing short interest

The AST SpaceMobile, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 4.94M shares being shorted which translates into 3.26 of a short ratio for ASTS, while in the previous month the shorted shares were 3.52M.

AST SpaceMobile, Inc.’s (NasdaqGS:ASTS) financials

With a market cap of 669.9M, AST SpaceMobile, Inc. holds a total cash of $402.61M that translates into $7.78 per share, while the total debt is of $6.81M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 589.80%. The current revenue is of $8.53M that is $0.17 per share.

This is a great sign for a bright future.