What does the ‘as of date’ mean on an irs transcript?

It is the date when they expect to complete your return.

If the as of date doesn't change what does that mean

It most likely means that the IRS has not processed your return yet.  You should check the IRS website Where's My Refund, that has the most up to date information.

Does that mean i should receive my refund

We don't have access to your transcript information. If you need assistance with your transcript, please contact the IRS. Generally, the best way to track your refund is through the Where's My Refund? Website. 

@MADDOGRA