AST SpaceMobile (ASTS) to Release Earnings on Wednesday

AST SpaceMobile (NASDAQ:ASTS) is projected to release its Q1 2025 earnings data before the market opens on Wednesday, May 21st. Analysts expect AST SpaceMobile to post earnings of ($0.15) per share for the quarter.

AST SpaceMobile (NASDAQ:ASTS) last announced its earnings results on Monday, May 12th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.03). The business had revenue of $0.72 million during the quarter, compared to analyst estimates of $3.85 million. On average, analysts expect AST SpaceMobile to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

AST SpaceMobile Price Performance

NASDAQ:ASTS opened at $26.66 on Monday. AST SpaceMobile has a one year low of $4.00 and a one year high of $39.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.80 and a current ratio of 5.80. The stock has a market cap of $8.44 billion, a PE ratio of -12.58 and a beta of 2.05. The stock has a 50 day moving average price of $24.39 and a 200 day moving average price of $24.51.

Analysts Set New Price Targets

ASTS has been the subject of several research analyst reports. Oppenheimer started coverage on AST SpaceMobile in a research report on Monday, May 5th. They set a “market perform” rating for the company. UBS Group lifted their target price on AST SpaceMobile from $31.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $30.00 target price on shares of AST SpaceMobile in a research report on Tuesday, March 4th. Scotiabank lowered their price target on AST SpaceMobile from $47.90 to $45.40 and set a “sector outperform” rating on the stock in a report on Tuesday, May 13th. Finally, Roth Capital initiated coverage on AST SpaceMobile in a report on Thursday, April 10th. They issued a “buy” rating and a $42.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $42.40.

Insider Buying and Selling at AST SpaceMobile

In other AST SpaceMobile news, Director Julio A. Torres sold 20,000 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $30.73, for a total transaction of $614,600.00. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 34.15% of the stock is currently owned by insiders.

Institutional Trading of AST SpaceMobile

A number of hedge funds have recently modified their holdings of ASTS. Millennium Management LLC increased its stake in shares of AST SpaceMobile by 16.1% in the first quarter. Millennium Management LLC now owns 467,626 shares of the company’s stock worth $10,634,000 after acquiring an additional 64,989 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in AST SpaceMobile by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,764 shares of the company’s stock worth $1,814,000 after buying an additional 3,515 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in AST SpaceMobile by 11.8% during the first quarter. AQR Capital Management LLC now owns 34,548 shares of the company’s stock worth $786,000 after buying an additional 3,642 shares during the last quarter. Hedge funds and other institutional investors own 60.95% 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.