Analysts Issue Forecasts for AST SpaceMobile FY2025 Earnings

AST SpaceMobile, Inc. (NASDAQ:ASTS) – Cantor Fitzgerald issued their FY2025 earnings per share estimates for AST SpaceMobile in a report issued on Monday, May 12th. Cantor Fitzgerald analyst C. Canfield forecasts that the company will post earnings of ($0.97) per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $30.00 price target on the stock. The consensus estimate for AST SpaceMobile’s current full-year earnings is ($0.40) per share.

A number of other brokerages have also recently issued reports on ASTS. Roth Capital started coverage on shares of AST SpaceMobile in a report on Thursday, April 10th. They issued a “buy” rating and a $42.00 target price for the company. Scotiabank dropped their target price on shares of AST SpaceMobile from $47.90 to $45.40 and set a “sector outperform” rating for the company in a report on Tuesday. UBS Group boosted their price target on AST SpaceMobile from $31.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Finally, Oppenheimer assumed coverage on shares of AST SpaceMobile in a research report on Monday, May 5th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.40.

AST SpaceMobile Stock Performance

Shares of ASTS opened at $26.55 on Wednesday. The company has a market capitalization of $8.40 billion, a PE ratio of -12.52 and a beta of 2.05. AST SpaceMobile has a 52-week low of $2.25 and a 52-week high of $39.08. The company has a 50-day simple moving average of $24.63 and a 200-day simple moving average of $24.50. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.31.

AST SpaceMobile (NASDAQ:ASTS) last issued its earnings results on Monday, May 12th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.03). The business had revenue of $0.72 million for the quarter, compared to the consensus estimate of $3.85 million.

Institutional Trading of AST SpaceMobile

Several large investors have recently modified their holdings of the business. Alphabet Inc. bought a new position in AST SpaceMobile during the 1st quarter valued at $203,375,000. Vanguard Group Inc. grew its holdings in AST SpaceMobile by 49.4% in the 4th quarter. Vanguard Group Inc. now owns 14,987,351 shares of the company’s stock worth $316,233,000 after buying an additional 4,955,941 shares in the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of AST SpaceMobile during the fourth quarter valued at $59,523,000. Nuveen LLC bought a new stake in shares of AST SpaceMobile during the 1st quarter worth about $9,218,000. Finally, Key Colony Management LLC lifted its position in AST SpaceMobile by 204.1% in the first quarter. Key Colony Management LLC now owns 596,000 shares of the company’s stock worth $13,553,000 after purchasing an additional 400,000 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AST SpaceMobile

In related news, Director Julio A. Torres sold 20,000 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.73, for a total transaction of $614,600.00. Following the completion of the sale, the director now directly owns 52,628 shares of the company’s stock, valued at approximately $1,617,258.44. This trade represents a 27.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 34.15% of the stock is currently owned by insiders.

About AST SpaceMobile

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.