Cantor Fitzgerald Predicts AST SpaceMobile FY2025 Earnings

AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) - Cantor Fitzgerald issued their FY2025 earnings per share estimates for AST SpaceMobile in a report issued on Thursday, February 6th. Cantor Fitzgerald analyst C. Canfield anticipates that the company will earn ($1.10) per share for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $30.00 price objective on the stock. The consensus estimate for AST SpaceMobile's current full-year earnings is ($0.40) per share.

Other equities research analysts also recently issued reports about the stock. Scotiabank lowered their price target on shares of AST SpaceMobile from $44.70 to $40.20 and set a "sector outperform" rating on the stock in a report on Friday, January 24th. UBS Group lifted their price objective on AST SpaceMobile from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, AST SpaceMobile has a consensus rating of "Buy" and a consensus price target of $40.04.

AST SpaceMobile Stock Performance

Shares of NASDAQ:ASTS traded up $2.44 during midday trading on Monday, reaching $30.05. 13,276,227 shares of the company traded hands, compared to its average volume of 11,603,773. AST SpaceMobile has a 12 month low of $1.97 and a 12 month high of $39.08. The firm's fifty day moving average price is $23.07 and its two-hundred day moving average price is $24.74. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $8.71 billion, a price-to-earnings ratio of -14.17 and a beta of 1.62.

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Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its stake in AST SpaceMobile by 31.9% during the second quarter. The Manufacturers Life Insurance Company now owns 51,209 shares of the company's stock worth $595,000 after purchasing an additional 12,391 shares during the last quarter. Brookstone Capital Management purchased a new position in shares of AST SpaceMobile during the 3rd quarter valued at about $255,000. Capital Investment Advisors LLC bought a new stake in AST SpaceMobile in the 3rd quarter worth approximately $216,000. MBE Wealth Management LLC boosted its stake in AST SpaceMobile by 37.5% in the third quarter. MBE Wealth Management LLC now owns 37,116 shares of the company's stock worth $971,000 after buying an additional 10,116 shares in the last quarter. Finally, Calton & Associates Inc. grew its position in AST SpaceMobile by 14.5% during the third quarter. Calton & Associates Inc. now owns 12,600 shares of the company's stock valued at $329,000 after acquiring an additional 1,600 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

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.