Analysts Issue Forecasts for AST SpaceMobile FY2028 Earnings

Key Points

• Roth Capital cut its FY2028 EPS forecast to $0.48 (from $0.61) and kept a Buy rating, also forecasting FY2029 EPS of $1.62, while the MarketBeat consensus for the current full year remains a loss of ($0.40) per share.
• AST missed its latest quarter, reporting ($0.45) EPS versus ($0.18) expected and $14.74M in revenue versus $22.04M expected, although revenue rose 1,236% year-over-year; the firm showed a negative net margin (-1,639.59%) and negative ROE (-33.88%).
• Multiple analyst downgrades have left a MarketBeat consensus rating of "Reduce" with a $45.27 price target; the stock traded near $68.90, has a ~$24.7B market cap, notable insider sales, and about 60.95% institutional ownership.

AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) - Investment analysts at Roth Capital cut their FY2028 earnings estimates for shares of AST SpaceMobile in a research report issued on Tuesday, November 11th. Roth Capital analyst S. Searle now forecasts that the company will post earnings per share of $0.48 for the year, down from their previous forecast of $0.61. Roth Capital has a "Buy" rating on the stock. The consensus estimate for AST SpaceMobile's current full-year earnings is ($0.40) per share. Roth Capital also issued estimates for AST SpaceMobile's FY2029 earnings at $1.62 EPS.

Several other equities analysts have also issued reports on ASTS. Scotiabank lowered AST SpaceMobile from a "sector perform" rating to a "sector underperform" rating and set a $42.90 price target on the stock. in a research note on Tuesday, October 7th. UBS Group cut AST SpaceMobile from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $62.00 to $43.00 in a research report on Tuesday, September 9th. Zacks Research cut AST SpaceMobile from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 21st. Weiss Ratings reiterated a "sell (d-)" rating on shares of AST SpaceMobile in a research report on Wednesday, October 8th. Finally, William Blair initiated coverage on AST SpaceMobile in a research note on Thursday, August 21st. They issued a "market perform" rating on the stock. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, AST SpaceMobile has a consensus rating of "Reduce" and a consensus price target of $45.27.

AST SpaceMobile Stock Performance

NASDAQ ASTS traded up $1.01 during midday trading on Wednesday, hitting $68.90. The company had a trading volume of 1,394,674 shares, compared to its average volume of 12,099,741. The firm has a fifty day simple moving average of $63.66 and a two-hundred day simple moving average of $48.86. The stock has a market cap of $24.70 billion, a price-to-earnings ratio of -55.56 and a beta of 2.46. The company has a quick ratio of 8.23, a current ratio of 8.23 and a debt-to-equity ratio of 0.42. AST SpaceMobile has a fifty-two week low of $17.50 and a fifty-two week high of $102.79.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.45) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.27). AST SpaceMobile had a negative return on equity of 33.88% and a negative net margin of 1,639.59%.The business had revenue of $14.74 million for the quarter, compared to analyst estimates of $22.04 million. During the same quarter last year, the firm earned ($1.10) earnings per share. The firm's quarterly revenue was up 1236.4% compared to the same quarter last year.

Institutional Trading of AST SpaceMobile

Hedge funds and other institutional investors have recently made changes to their positions in the business. REAP Financial Group LLC bought a new position in shares of AST SpaceMobile in the 3rd quarter valued at about $25,000. Atlantic Union Bankshares Corp bought a new stake in AST SpaceMobile during the second quarter worth $28,000. Geneos Wealth Management Inc. lifted its stake in AST SpaceMobile by 225.0% in the third quarter. Geneos Wealth Management Inc. now owns 650 shares of the company's stock valued at $32,000 after acquiring an additional 450 shares during the last quarter. Binnacle Investments Inc bought a new position in shares of AST SpaceMobile in the 2nd quarter valued at about $33,000. Finally, Chapman Financial Group LLC acquired a new position in shares of AST SpaceMobile during the 2nd quarter worth about $38,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CTO Huiwen Yao sold 40,000 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $40.58, for a total transaction of $1,623,200.00. Following the sale, the chief technology officer owned 4,750 shares of the company's stock, valued at $192,755. This trade represents a 89.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Andrew Martin Johnson sold 20,000 shares of the company's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $52.48, for a total transaction of $1,049,600.00. Following the completion of the transaction, the chief financial officer owned 397,485 shares of the company's stock, valued at $20,860,012.80. This trade represents a 4.79% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 30.90% 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.

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