AST SpaceMobile (NASDAQ:ASTS - Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.06, Zacks reports. The firm had revenue of $1.92 million for the quarter, compared to the consensus estimate of $2.38 million.
AST SpaceMobile Trading Down 4.8 %
ASTS stock traded down $1.62 during midday trading on Thursday, reaching $32.18. 21,792,332 shares of the company traded hands, compared to its average volume of 12,819,295. AST SpaceMobile has a 52-week low of $1.97 and a 52-week high of $39.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.80 and a current ratio of 5.80. The business has a 50 day moving average of $24.72 and a 200-day moving average of $25.58. The firm has a market capitalization of $9.32 billion, a price-to-earnings ratio of -15.18 and a beta of 1.62.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on ASTS shares. Cantor Fitzgerald reissued an "overweight" rating and set a $30.00 price target on shares of AST SpaceMobile in a research note on Tuesday. UBS Group increased their price target on AST SpaceMobile from $31.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Scotiabank upped their price objective on AST SpaceMobile from $40.20 to $47.90 and gave the company a "sector outperform" rating in a research report on Wednesday. Five 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 target price of $42.98.
View Our Latest Research Report on AST SpaceMobile
AST SpaceMobile Company Profile
(
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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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