AST SpaceMobile (NASDAQ:ASTS – Get Rating) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $32.00 to $31.00 in a report issued on Tuesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 298.46% from the company’s previous close.
Shares of ASTS stock opened at $7.78 on Tuesday. AST SpaceMobile has a 1 year low of $4.84 and a 1 year high of $15.48. The company’s fifty day simple moving average is $8.85 and its two-hundred day simple moving average is $8.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 11.91 and a quick ratio of 15.64. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of -13.19 and a beta of 0.63.
AST SpaceMobile (NASDAQ:ASTS – Get Rating) last issued its quarterly earnings data on Thursday, March 31st. The company reported ($0.06) EPS for the quarter. The business had revenue of $6.22 million for the quarter. AST SpaceMobile had a negative return on equity of 20.08% and a negative net margin of 214.60%. Equities research analysts anticipate that AST SpaceMobile will post -0.5 EPS for the current year.
About AST SpaceMobile (Get Rating)
AST SpaceMobile, Inc operates space-based cellular broadband network for mobile phones. Its SpaceMobile service provides mobile broadband services for users traveling in and out of areas without terrestrial mobile services on land, at sea, or in flight. The company is headquartered in Midland, Texas.
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