Q1 Earnings Estimate for AST SpaceMobile Issued By B. Riley

AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) - Investment analysts at B. Riley issued their Q1 2025 earnings per share estimates for shares of AST SpaceMobile in a research report issued to clients and investors on Wednesday, March 5th. B. Riley analyst M. Crawford forecasts that the company will post earnings per share of ($0.08) for the quarter. 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 Q2 2025 earnings at ($0.08) EPS, Q3 2025 earnings at ($0.06) EPS and Q4 2025 earnings at ($0.05) EPS.

ASTS has been the subject of several other reports. Scotiabank lifted their price objective on AST SpaceMobile from $40.20 to $47.90 and gave the stock a "sector outperform" rating in a report on Wednesday. UBS Group lifted their price objective on AST SpaceMobile from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $30.00 price objective on shares of AST SpaceMobile in a report on Tuesday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, AST SpaceMobile currently has a consensus rating of "Buy" and an average price target of $42.98.

AST SpaceMobile Price Performance

Shares of AST SpaceMobile stock traded up $1.22 during trading on Thursday, reaching $33.40. The company's stock had a trading volume of 17,120,947 shares, compared to its average volume of 12,918,096. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.31. AST SpaceMobile has a 12-month low of $1.97 and a 12-month high of $39.08. The company has a market capitalization of $9.68 billion, a P/E ratio of -15.75 and a beta of 1.62. The business has a 50 day moving average price of $24.72 and a 200-day moving average price of $25.58.

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Hedge Funds Weigh In On AST SpaceMobile

A number of institutional investors have recently made changes to their positions in ASTS. Vanguard Group Inc. raised its holdings in shares of AST SpaceMobile by 49.4% in the fourth quarter. Vanguard Group Inc. now owns 14,987,351 shares of the company's stock worth $316,233,000 after acquiring an additional 4,955,941 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new position in shares of AST SpaceMobile in the fourth quarter worth $59,523,000. Privium Fund Management B.V. acquired a new position in shares of AST SpaceMobile in the third quarter worth $21,476,000. Charles Schwab Investment Management Inc. raised its holdings in shares of AST SpaceMobile by 228.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,131,705 shares of the company's stock worth $29,594,000 after acquiring an additional 787,566 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of AST SpaceMobile by 14.8% in the third quarter. State Street Corp now owns 3,091,577 shares of the company's stock worth $80,845,000 after acquiring an additional 399,713 shares during the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

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.