AST SpaceMobile ( (ASTS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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AST SpaceMobile’s stock has been on the rise, likely due to positive analyst sentiment. Barclays analyst Mathieu Robilliard reiterated a Buy rating, setting a price target of $15.00, even as shares closed at $30.41. Robilliard’s confidence is backed by his historical success with the company’s stock. The consensus among analysts remains a Strong Buy, with Cantor Fitzgerald also initiating coverage with a Buy rating and a $30.00 price target.
More about AST SpaceMobile
YTD Price Performance: 27.59%
Average Trading Volume: 9,759,085
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $8B
For further insights into ASTS stock on TipRanks’ Stock Analysis page.
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