FY2025 EPS Estimates for AST SpaceMobile Cut by B. Riley

AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) - Investment analysts at B. Riley dropped their FY2025 earnings per share (EPS) estimates for shares of AST SpaceMobile in a research report issued to clients and investors on Wednesday, March 5th. B. Riley analyst M. Crawford now expects that the company will post earnings per share of ($0.49) for the year, down from their previous estimate of ($0.20). The consensus estimate for AST SpaceMobile's current full-year earnings is ($0.40) per share. B. Riley also issued estimates for AST SpaceMobile's FY2026 earnings at ($0.32) EPS.

A number of other research analysts have also recently commented on ASTS. UBS Group increased their target price on shares of AST SpaceMobile from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday. Scotiabank increased their price objective on shares of AST SpaceMobile from $40.20 to $47.90 and gave the company a "sector outperform" rating in a research note on Wednesday. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $30.00 target price on shares of AST SpaceMobile in a research note on Tuesday. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $42.98.

AST SpaceMobile Price Performance

NASDAQ:ASTS traded up $1.22 during trading hours on Friday, hitting $33.40. The company's stock had a trading volume of 17,120,947 shares, compared to its average volume of 12,918,096. AST SpaceMobile has a twelve month low of $1.97 and a twelve month high of $39.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.80 and a quick ratio of 5.80. The stock has a fifty day simple moving average of $24.72 and a 200-day simple moving average of $25.58. The company has a market capitalization of $9.68 billion, a P/E ratio of -15.75 and a beta of 1.62.

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Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Stephens Inc. AR acquired a new position in AST SpaceMobile in the 3rd quarter valued at approximately $266,000. Van ECK Associates Corp increased its holdings in AST SpaceMobile by 141.1% in the third quarter. Van ECK Associates Corp now owns 103,437 shares of the company's stock valued at $2,716,000 after purchasing an additional 60,530 shares during the period. Amalgamated Bank raised its position in AST SpaceMobile by 17.4% during the 3rd quarter. Amalgamated Bank now owns 4,578 shares of the company's stock worth $120,000 after purchasing an additional 679 shares during the last quarter. Hanseatic Management Services Inc. acquired a new position in AST SpaceMobile during the 3rd quarter worth about $706,000. Finally, Hollencrest Capital Management bought a new stake in shares of AST SpaceMobile in the 3rd quarter valued at about $26,000. Institutional investors own 60.95% of the company's stock.

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.