FY2025 EPS Estimates for AST SpaceMobile Boosted by Analyst

AST SpaceMobile, Inc. (NASDAQ:ASTS) – Investment analysts at Cantor Fitzgerald lifted their FY2025 earnings per share (EPS) estimates for shares of AST SpaceMobile in a report released on Monday, November 10th. Cantor Fitzgerald analyst C. Canfield now anticipates that the company will post earnings per share of ($0.68) for the year, up from their previous 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.

A number of other equities research analysts have also recently commented on ASTS. Roth Capital restated a “buy” rating on shares of AST SpaceMobile in a research report on Tuesday, August 12th. William Blair began coverage on AST SpaceMobile in a report on Thursday, August 21st. They issued a “market perform” rating on the stock. Scotiabank cut AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $42.90 price objective for the company. in a research report on Tuesday, October 7th. UBS Group lowered AST SpaceMobile from a “buy” rating to a “neutral” rating and decreased their target price for the company from $62.00 to $43.00 in a research report on Tuesday, September 9th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $45.27.

AST SpaceMobile Stock Performance

ASTS opened at $64.49 on Wednesday. The firm has a fifty day moving average price of $64.04 and a 200 day moving average price of $48.97. AST SpaceMobile has a 1 year low of $17.50 and a 1 year high of $102.79. The stock has a market cap of $23.12 billion, a P/E ratio of -52.01 and a beta of 2.46. The company has a debt-to-equity ratio of 0.43, a current ratio of 9.56 and a quick ratio of 8.23.

AST SpaceMobile (NASDAQ:ASTS) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.27). AST SpaceMobile had a negative net margin of 1,639.59% and a negative return on equity of 27.76%. The company had revenue of $14.74 million during the quarter, compared to analyst estimates of $22.04 million. During the same period last year, the firm earned ($1.10) EPS. The business’s quarterly revenue was up 1236.4% compared to the same quarter last year.

Institutional Investors Weigh In On AST SpaceMobile

Several large investors have recently added to or reduced their stakes in the business. Rakuten Group Inc. purchased a new position in AST SpaceMobile in the first quarter valued at $705,398,000. Vanguard Group Inc. increased its holdings in AST SpaceMobile by 13.4% during the 3rd quarter. Vanguard Group Inc. now owns 19,919,888 shares of the company’s stock worth $977,668,000 after purchasing an additional 2,351,539 shares during the period. Northern Trust Corp raised its position in AST SpaceMobile by 2.7% in the 1st quarter. Northern Trust Corp now owns 1,266,315 shares of the company’s stock valued at $28,796,000 after purchasing an additional 33,259 shares in the last quarter. Voya Investment Management LLC boosted its stake in shares of AST SpaceMobile by 1,992.5% in the 1st quarter. Voya Investment Management LLC now owns 843,554 shares of the company’s stock valued at $19,182,000 after buying an additional 803,240 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of AST SpaceMobile by 28.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 761,154 shares of the company’s stock valued at $35,569,000 after buying an additional 167,416 shares during the period. 60.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CTO Huiwen Yao sold 40,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $40.58, for a total transaction of $1,623,200.00. Following the completion of the sale, the chief technology officer owned 4,750 shares in the company, valued at $192,755. This trade represents a 89.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Andrew Martin Johnson sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $52.48, for a total value of $1,049,600.00. Following the completion of the transaction, the chief financial officer owned 397,485 shares in the company, valued at $20,860,012.80. This represents a 4.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 30.90% 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.