FY2025 EPS Estimate for AST SpaceMobile Boosted by Analyst

AST SpaceMobile, Inc. (NASDAQ:ASTS) – Cantor Fitzgerald boosted their FY2025 earnings per share (EPS) estimates for AST SpaceMobile in a report issued on Monday, November 10th. Cantor Fitzgerald analyst C. Canfield now forecasts that the company will post earnings of ($0.68) per share for the year, up from their prior estimate of ($0.97). The consensus estimate for AST SpaceMobile’s current full-year earnings is ($0.40) per share. Cantor Fitzgerald also issued estimates for AST SpaceMobile’s FY2026 earnings at ($0.98) EPS.

ASTS has been the subject of a number of other reports. William Blair started coverage on shares of AST SpaceMobile in a report on Thursday, August 21st. They issued a “market perform” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Wednesday, October 8th. UBS Group downgraded AST SpaceMobile from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $62.00 to $43.00 in a research report on Tuesday, September 9th. Roth Capital restated a “buy” rating on shares of AST SpaceMobile in a research note on Tuesday, August 12th. Finally, Barclays lowered AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 price objective on the stock. in a report on Friday, October 17th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, AST SpaceMobile currently has an average rating of “Reduce” and a consensus price target of $45.27.

AST SpaceMobile Stock Down 1.2%

ASTS opened at $67.89 on Wednesday. The business has a 50 day moving average of $63.66 and a 200-day moving average of $48.86. The stock has a market capitalization of $24.34 billion, a price-to-earnings ratio of -54.75 and a beta of 2.46. The company has a current ratio of 8.23, a quick ratio of 8.23 and a debt-to-equity ratio of 0.42. AST SpaceMobile has a 1-year low of $17.50 and a 1-year high of $102.79.

AST SpaceMobile (NASDAQ:ASTS) last released its earnings results on Monday, November 10th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.27). The business had revenue of $14.74 million during the quarter, compared to analyst estimates of $22.04 million. AST SpaceMobile had a negative net margin of 1,639.59% and a negative return on equity of 33.88%. The business’s quarterly revenue was up 1236.4% compared to the same quarter last year. During the same period last year, the business earned ($1.10) EPS.

Insider Buying and Selling

In other AST SpaceMobile news, CFO Andrew Martin Johnson sold 20,000 shares of AST SpaceMobile stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $52.48, for a total transaction of $1,049,600.00. Following the sale, the chief financial officer directly owned 397,485 shares of the company’s stock, valued at approximately $20,860,012.80. The trade was a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $40.58, for a total value of $1,623,200.00. Following the completion of the transaction, the chief technology officer directly owned 4,750 shares of the company’s stock, valued at approximately $192,755. The trade was a 89.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 30.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rakuten Group Inc. bought a new stake in shares of AST SpaceMobile in the 1st quarter worth about $705,398,000. Vanguard Group Inc. boosted its position in AST SpaceMobile by 13.4% in the third quarter. Vanguard Group Inc. now owns 19,919,888 shares of the company’s stock valued at $977,668,000 after buying an additional 2,351,539 shares in the last quarter. Northern Trust Corp boosted its position in AST SpaceMobile by 2.7% in the first quarter. Northern Trust Corp now owns 1,266,315 shares of the company’s stock valued at $28,796,000 after buying an additional 33,259 shares in the last quarter. Voya Investment Management LLC grew its stake in AST SpaceMobile by 1,992.5% during the first quarter. Voya Investment Management LLC now owns 843,554 shares of the company’s stock worth $19,182,000 after buying an additional 803,240 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of AST SpaceMobile by 28.2% during the second quarter. Bank of New York Mellon Corp now owns 761,154 shares of the company’s stock worth $35,569,000 after buying an additional 167,416 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

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.