Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NASDAQ: ASTS stock lost over 1% in the August 16 trading session.&nbsp;</a> </li> 
 <li> <span>2</span> <a>ASTS stock lost approximately 12%, 3%, and 27% of its trading price in the weekly, monthly, and quarterly time frames.</a> </li> 
 <li> <span>3</span> <a>In the 52 weeks time frame stock’s highest trading price was $13.32, and its lowest was $3.55.&nbsp;</a> </li> 
</ul> 
<p>NASDAQ: ASTS stock lost over 1% on the August 16 trading session; it opened trading at $3.77, lowering to $3.60; it hit a high of $3.89 and closed trading at $3.63 with an intraday trading volume of 3.74 Million.&nbsp;</p> 
<p>ASTS stock lost approximately 12%, 3%, and 27% of its trading price in the weekly, monthly, and quarterly time frames. AST SpaceMobile, Inc. has a market capitalization of 847.804 Million, and its share average trading volume is 510.955k.&nbsp;</p> 
<p>On the August 17 trading session, ASTS stock opened 6.47% higher than its closing price of the previous day. In the 52 weeks time frame, the stock’s highest trading price was $13.32, and its lowest traded at $3.55.&nbsp;</p> 
<h2 class="wp-block-heading" id="asts-stock-price-analysis">ASTS Stock Price Analysis&nbsp;</h2> 
<p>In the past two trading sessions, sellers seemed more aggressive than buyers, but in the first half of August 17, ASTS stock trading volume showed a majority of buyers which might help the stock surpass the upcoming resistance.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/xcczq5-e6QGDv6WiWju-nTdxOxarirn_Ct6U_mHh3AyBVowaT926B-P4flbsITNEszerSVZTNbFsxT2BWTT4vmQRlx9BL-WIVKB3YNYnbAgLJA-kIO3F4WMgA7gXoMQIgPQKgUG-U_YfRsUwhaV1mpY" alt="ASTS Stock Lost More Than 12% Weekly; Any Support Left?&nbsp;"> 
  <figcaption class="wp-element-caption">
    Source: ASTS stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>If buyers continue their dominance over sellers in the coming session, then there are possibilities that <a href="https://www.thecoinrepublic.com/2023/07/25/sellers-seems-overruling-buyers-asts-stock-lost-7-80-weekly/" rel="noopener noreferrer nofollow">ASTS </a>share might face immediate $4 and the next possible resistance of $4.20. In case of seller success, ASTS stock price might meet immediate support of $3.60.&nbsp;</p> 
<p>In Q2 2023, <a href="https://www.thecoinrepublic.com/2023/07/25/sellers-seems-overruling-buyers-asts-stock-lost-7-80-weekly/" rel="noopener noreferrer nofollow">AST SpaceMobile, Inc’s </a>net income was -$18.41 Million, and in Q1 net income of -$16.32 Million. In the financial year 2022, the company generated $13.82 Million in revenue, from which the net income of the company was -$31.64 Million and profit margin was -228.86%.</p> 
<p>The reported figures indicate that by 2022, the company made a significant loss as its income and revenue were in negative.</p> 
<p>Most of the company’s revenue is generated by building a broadband cellular network in space to operate directly with standard, unmodified mobile devices based on an extensive IP and patent portfolio.&nbsp;</p> 
<p>According to TradingView, 76.201 Million ASTS shares are free-floating, and the remaining 13.259 Million shares are closely held by the company’s financial backers or the board of directors.&nbsp;&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Major support:</strong> $3.60</p> 
<p><strong>Major Resistance: </strong>$4 and $4.20</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>At press time, ASTS stock was trading at $3.94, around 8.40% greater than the August 16 trading session. In the weekly time frame, AST SpaceMobile, Inc’s share price slipped more than 12%, losing 72% of its trading price in the 52 weeks.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.&nbsp;</p>

ASTS Stock Lost More Than 12% Weekly; Any Support Left?

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Thecoinrepublic.com

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