Shares of AST SpaceMobile (ASTS, Financial) experienced an upward trend in afternoon trading, potentially driven by speculation of a possible acquisition. This buzz was reportedly spurred by a rumor alert from Betaville, a blog known for its focus on mergers and acquisitions, according to contacts within the trading community.
The movement in ASTS stock highlights the impact of market rumors and speculation on share prices, especially when they involve potential corporate actions such as mergers or acquisitions. Investors and market participants are closely monitoring developments surrounding these rumors to gauge their potential impact on the company's future prospects.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for AST SpaceMobile Inc (ASTS, Financial) is $42.27 with a high estimate of $64.00 and a low estimate of $30.00. The average target implies an upside of 86.43% from the current price of $22.67. More detailed estimate data can be found on the AST SpaceMobile Inc (ASTS) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, AST SpaceMobile Inc's (ASTS, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for AST SpaceMobile Inc (ASTS, Financial) in one year is $0.67, suggesting a downside of 97.05% from the current price of $22.6738. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the AST SpaceMobile Inc (ASTS) Summary page.
