AST SpaceMobile (ASTS) Set to Announce Quarterly Earnings on Thursday

AST SpaceMobile (NASDAQ:ASTS) is scheduled to release its earnings data after the market closes on Thursday, November 14th. Analysts expect AST SpaceMobile to post earnings of ($0.18) per share for the quarter.

AST SpaceMobile (NASDAQ:ASTS) last issued its earnings results on Wednesday, August 14th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The company had revenue of $0.90 million during the quarter, compared to the consensus estimate of $2.00 million. On average, analysts expect AST SpaceMobile to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

AST SpaceMobile Stock Up 12.6 %

Shares of NASDAQ ASTS opened at $24.76 on Tuesday. AST SpaceMobile has a 52-week low of $1.97 and a 52-week high of $39.08. The firm has a market capitalization of $6.67 billion, a price-to-earnings ratio of -19.81 and a beta of 1.64. The stock has a 50 day moving average price of $25.91 and a 200 day moving average price of $17.86. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.38 and a current ratio of 6.38.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ASTS shares. Deutsche Bank Aktiengesellschaft increased their price target on AST SpaceMobile from $22.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Scotiabank raised their target price on shares of AST SpaceMobile from $28.00 to $45.90 and gave the company a “sector outperform” rating in a research report on Monday, August 26th. UBS Group upped their price target on shares of AST SpaceMobile from $13.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Finally, B. Riley lifted their price objective on shares of AST SpaceMobile from $26.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, August 29th.

Insider Buying and Selling at AST SpaceMobile

In other news, Director Adriana Cisneros purchased 4,934 shares of the firm’s stock in a transaction on Friday, September 6th. The stock was acquired at an average cost of $26.32 per share, with a total value of $129,862.88. Following the completion of the transaction, the director now owns 774,772 shares in the company, valued at $20,391,999.04. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Adriana Cisneros purchased 4,934 shares of the business’s stock in a transaction on Friday, September 6th. The shares were acquired at an average cost of $26.32 per share, with a total value of $129,862.88. Following the completion of the acquisition, the director now owns 774,772 shares of the company’s stock, valued at $20,391,999.04. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Shanti B. Gupta sold 80,000 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $25.83, for a total value of $2,066,400.00. Following the sale, the chief operating officer now owns 393,232 shares of the company’s stock, valued at approximately $10,157,182.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,700 shares of company stock worth $3,220,524 over the last quarter. Insiders own 41.80% of the company’s stock.

AST SpaceMobile Company Profile

AST SpaceMobile, Inc, together with its subsidiaries, develops and provides access to a space-based cellular broadband network for smartphones in the United States. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.