AST SpaceMobile (ASTS) to Release Quarterly Earnings on Thursday

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) is scheduled to release its earnings data after the market closes on Thursday, November 14th. Analysts expect AST SpaceMobile to post earnings of ($0.18) per share for the quarter.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.14) earnings per share for the quarter, topping analysts' consensus estimates of ($0.19) by $0.05. The company had revenue of $0.90 million for the quarter, compared to analyst estimates of $2.00 million. On average, analysts expect AST SpaceMobile to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

AST SpaceMobile Price Performance

Shares of ASTS traded down $0.50 on Tuesday, reaching $24.26. The stock had a trading volume of 7,128,163 shares, compared to its average volume of 10,540,828. AST SpaceMobile has a twelve month low of $1.97 and a twelve month high of $39.08. The firm has a market capitalization of $6.54 billion, a PE ratio of -19.76 and a beta of 1.64. The firm has a 50-day moving average of $25.91 and a 200 day moving average of $17.86. The company has a quick ratio of 6.38, a current ratio of 6.38 and a debt-to-equity ratio of 0.83.

Insider Transactions at AST SpaceMobile

In other AST SpaceMobile news, CTO Huiwen Yao sold 45,000 shares of the business's stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $24.26, for a total transaction of $1,091,700.00. Following the completion of the sale, the chief technology officer now owns 55,000 shares in the company, valued at $1,334,300. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, President Scott Wisniewski sold 2,700 shares of the firm's stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $23.12, for a total value of $62,424.00. Following the sale, the president now directly owns 712,660 shares in the company, valued at $16,476,699.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Huiwen Yao sold 45,000 shares of AST SpaceMobile stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $24.26, for a total transaction of $1,091,700.00. Following the sale, the chief technology officer now owns 55,000 shares in the company, valued at approximately $1,334,300. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,700 shares of company stock valued at $3,220,524. Insiders own 41.80% of the company's stock.

Analyst Upgrades and Downgrades

ASTS has been the topic of several recent research reports. UBS Group upped their price target on shares of AST SpaceMobile from $13.00 to $30.00 and gave the company a "buy" rating in a report on Thursday, August 15th. Scotiabank increased their price target on shares of AST SpaceMobile from $28.00 to $45.90 and gave the stock a "sector outperform" rating in a research note on Monday, August 26th. Deutsche Bank Aktiengesellschaft increased their target price on shares of AST SpaceMobile from $22.00 to $63.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. Finally, B. Riley upped their target price on AST SpaceMobile from $26.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th.

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.