AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) has been given an average rating of “Reduce” by the eleven brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $79.45.
ASTS has been the subject of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Friday, March 27th. UBS Group cut their price objective on AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on AST SpaceMobile in a research note on Wednesday, April 15th. Barclays lifted their target price on AST SpaceMobile from $60.00 to $65.00 and gave the stock an “underweight” rating in a report on Thursday, April 9th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $108.00 target price on shares of AST SpaceMobile in a report on Tuesday, May 12th.
Check Out Our Latest Stock Report on AST SpaceMobile
Key Stories Impacting AST SpaceMobile
- Positive Sentiment: Defiance launched ASTY, a 2X long ETF tied to AST SpaceMobile, underscoring strong trader demand for bullish exposure to ASTS. Defiance Launches ASTY: The 2X Long ETF for AST SpaceMobile, Inc.
- Positive Sentiment: AST SpaceMobile is benefiting from broader interest in space stocks as the SpaceX IPO story boosts valuations across launch, satellite, and AI infrastructure names. SpaceX IPO Filing Is Moving Rocket Lab, CoreWeave, and Other Stocks
- Positive Sentiment: Orange announced new partnerships with AST SpaceMobile to expand direct-to-cell satellite services, including trials in Romania, reinforcing commercial momentum for its network. Orange Satellite And Cyber Moves Add New Angles To Valuation Story
- Positive Sentiment: The company also received support from industry commentary highlighting its FCC approval to provide commercial direct-to-device service in the U.S. and its position as a major beneficiary of rising satellite telecom demand. Forget SpaceX. These 2 Space Stocks Could Be the Real Winners Of the Coming IPO Frenzy
- Neutral Sentiment: Multiple articles focused on ASTS’ sharp long-term run and valuation, suggesting investors are weighing whether the stock’s strong momentum has already priced in a lot of future growth. Is It Too Late To Consider AST SpaceMobile (ASTS) After Its Recent 17x Three Year Surge?
- Negative Sentiment: CFO Andrew Martin Johnson sold 5,000 shares, a small insider sale that may add a bit of caution for some investors, though the position remains largely intact. SEC insider filing
AST SpaceMobile Price Performance
Shares of AST SpaceMobile stock opened at $96.23 on Friday. AST SpaceMobile has a 52 week low of $22.47 and a 52 week high of $129.89. The company has a current ratio of 18.47, a quick ratio of 18.37 and a debt-to-equity ratio of 1.11. The stock has a market cap of $36.76 billion, a PE ratio of -54.06 and a beta of 2.60. The company’s 50-day moving average price is $84.65 and its two-hundred day moving average price is $83.31.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.43). AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The business had revenue of $14.74 million for the quarter, compared to the consensus estimate of $39.01 million. During the same quarter last year, the business posted ($0.20) EPS. The business’s revenue for the quarter was up 1952.2% on a year-over-year basis. As a group, sell-side analysts anticipate that AST SpaceMobile will post -1.47 EPS for the current fiscal year.
Insider Buying and Selling
In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $88.88, for a total transaction of $3,555,200.00. Following the completion of the sale, the chief technology officer directly owned 4,750 shares of the company’s stock, valued at approximately $422,180. This represents a 89.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Hiroshi Mikitani sold 1,350,000 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $86.22, for a total transaction of $116,397,000.00. Following the completion of the transaction, the insider owned 27,980,155 shares of the company’s stock, valued at approximately $2,412,448,964.10. The trade was a 4.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,100,000 shares of company stock worth $276,048,350 in the last quarter. 20.89% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On AST SpaceMobile
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its holdings in shares of AST SpaceMobile by 16,350.0% during the first quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock valued at $27,000 after buying an additional 327 shares in the last quarter. Crewe Advisors LLC purchased a new position in AST SpaceMobile during the 4th quarter valued at about $25,000. Laurel Wealth Advisors LLC acquired a new position in shares of AST SpaceMobile in the 4th quarter valued at about $25,000. Portus Wealth Advisors LLC acquired a new position in shares of AST SpaceMobile in the 1st quarter valued at about $30,000. Finally, Advocate Investing Services LLC purchased a new stake in shares of AST SpaceMobile in the first quarter worth approximately $31,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.
About AST SpaceMobile
AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company’s core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.
AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.
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