AST SpaceMobile (NASDAQ:ASTS - Get Free Report) is anticipated to release its earnings data after the market closes on Monday, March 3rd. Analysts expect AST SpaceMobile to post earnings of ($0.18) per share and revenue of $2.38 million for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.
AST SpaceMobile Stock Performance
NASDAQ ASTS traded down $1.16 on Thursday, hitting $26.08. 12,051,560 shares of the company's stock traded hands, compared to its average volume of 11,912,128. The firm's 50-day moving average price is $24.07 and its two-hundred day moving average price is $25.41. The firm has a market capitalization of $7.56 billion, a PE ratio of -12.30 and a beta of 1.62. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.31. AST SpaceMobile has a 1-year low of $1.97 and a 1-year high of $39.08.
Analysts Set New Price Targets
Several research firms have commented on ASTS. UBS Group upped their price target on shares of AST SpaceMobile from $30.00 to $31.00 and gave the company a "buy" rating in a report on Friday, November 15th. Cantor Fitzgerald raised AST SpaceMobile to a "strong-buy" rating in a report on Tuesday. Finally, Scotiabank reduced their price target on AST SpaceMobile from $44.70 to $40.20 and set a "sector outperform" rating for the company in a research report on Friday, January 24th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $40.04.
View Our Latest Stock Analysis on ASTS
About AST SpaceMobile
(
Get Free Report)
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.
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