Is it good to buy asts today?


Aime
AST SpaceMobile (ASTS) does not appear to be a good buy today based on the current analyst consensus and recent price movement. Here's why:
- Analyst Ratings and Price Targets: The average price target for ASTS over the next 12 months is $17.78, with a high forecast of $22.00 and a low forecast of $13.001. This average price target represents a -13.18% downside from the last price of $20.48. The fact that the average target is below the current price suggests that analysts do not expect a significant increase in the near term.

- Recent Price Movement and Volume: ASTS experienced a significant price increase of 18.04% on July 31, 2024, with a trading volume of 16.49 million shares2. While higher trading volume can indicate investor interest, the fact that the stock is currently overvalued according to analyst price targets could imply a potential for a pullback or consolidation in the near term.
ASTS Trend
- Company Overview: AST SpaceMobile is developing a space-based cellular broadband network to provide services to users out of terrestrial coverage34. This concept is innovative, but it remains to be seen whether the market will fully embrace the technology and the company's business model.
In conclusion, while ASTS has shown recent strength, the analyst consensus suggests that the stock may not be a good buy at its current price, considering the average price target below the current level and the potential for a pullback. Investors should exercise caution and consider the long-term prospects of the company and its technology before making investment decisions.
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AST SpaceMobile (ASTS) Stock Forecast & Price Target
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