Brokers Issue Forecasts for AST SpaceMobile FY2025 Earnings

AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) - Equities researchers at Cantor Fitzgerald issued their FY2025 earnings per share estimates for shares of AST SpaceMobile in a research report issued to clients and investors on Thursday, February 6th. Cantor Fitzgerald analyst C. Canfield anticipates that the company will post earnings of ($1.10) per share for the year. Cantor Fitzgerald 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.

Several other equities analysts have also issued reports on ASTS. Scotiabank reduced their target price on AST SpaceMobile from $44.70 to $40.20 and set a "sector outperform" rating for the company in a report on Friday, January 24th. UBS Group upped 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 equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $40.04.

AST SpaceMobile Stock Performance

Shares of ASTS stock traded up $2.05 during trading on Monday, hitting $32.10. The company's stock had a trading volume of 13,985,242 shares, compared to its average volume of 11,684,546. The company has a market cap of $9.30 billion, a PE ratio of -15.14 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. The business has a fifty day moving average of $23.20 and a 200-day moving average of $24.83. AST SpaceMobile has a 52 week low of $1.97 and a 52 week high of $39.08.

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Institutional Investors Weigh In On AST SpaceMobile

A number of large investors have recently added to or reduced their stakes in ASTS. The Manufacturers Life Insurance Company raised its position 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 valued at $595,000 after purchasing an additional 12,391 shares in the last quarter. Brookstone Capital Management purchased a new stake in AST SpaceMobile during the third quarter valued at about $255,000. Capital Investment Advisors LLC purchased a new stake in AST SpaceMobile during the third quarter valued at about $216,000. MBE Wealth Management LLC increased its holdings in shares of 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 during the period. Finally, Calton & Associates Inc. increased its holdings in shares of AST SpaceMobile by 14.5% in the third quarter. Calton & Associates Inc. now owns 12,600 shares of the company's stock worth $329,000 after buying an additional 1,600 shares during the period. Hedge funds and other 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.