AST SpaceMobile (NASDAQ:ASTS) Releases Earnings Results, Misses Expectations By $0.27 EPS

Key Points

• AST SpaceMobile reported EPS of -$0.45, missing the -$0.18 consensus by $0.27, and showed extremely weak profitability with a negative ROE (~26.8%) and a net margin of -7,213.9%.
• Shares traded down to $68.70 mid-day (about -0.7%), valuing the company at roughly $24.6B with a negative P/E of -36.35 and a 52‑week range of $17.50–$102.79, underscoring high volatility.
• Analyst sentiment has weakened—consensus is a “Reduce” with a $45.27 target after multiple downgrades—and insiders (CTO and CFO) recently sold meaningful stakes, which may pressure sentiment further.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) released its quarterly earnings data on Monday. The company reported ($0.45) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.27), Zacks reports. AST SpaceMobile had a negative return on equity of 26.81% and a negative net margin of 7,213.90%.

AST SpaceMobile Stock Down 0.7%

Shares of ASTS traded down $0.49 during mid-day trading on Monday, hitting $68.70. 8,948,687 shares of the company's stock were exchanged, compared to its average volume of 12,146,019. The company has a debt-to-equity ratio of 0.42, a current ratio of 8.23 and a quick ratio of 8.23. AST SpaceMobile has a 52 week low of $17.50 and a 52 week high of $102.79. The company has a market cap of $24.63 billion, a PE ratio of -36.35 and a beta of 2.45. The company has a 50-day simple moving average of $62.88 and a 200 day simple moving average of $48.24.

Analysts Set New Price Targets

ASTS has been the topic of several analyst reports. Roth Capital reiterated a "buy" rating on shares of AST SpaceMobile in a report on Tuesday, August 12th. Scotiabank downgraded AST SpaceMobile from a "sector perform" rating to a "sector underperform" rating and set a $42.90 price objective on the stock. in a research note on Tuesday, October 7th. Barclays lowered AST SpaceMobile from an "overweight" rating to an "underweight" rating and set a $60.00 target price on the stock. in a report on Friday, October 17th. William Blair started coverage on AST SpaceMobile in a report on Thursday, August 21st. They issued a "market perform" rating for the company. Finally, UBS Group lowered AST SpaceMobile from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $62.00 to $43.00 in a research report on Tuesday, September 9th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, AST SpaceMobile has a consensus rating of "Reduce" and a consensus target price of $45.27.

Insiders Place Their Bets

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $40.58, for a total transaction of $1,623,200.00. Following the sale, the chief technology officer directly owned 4,750 shares of the company's stock, valued at $192,755. The trade was a 89.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Andrew Martin Johnson sold 20,000 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $52.48, for a total transaction of $1,049,600.00. Following the transaction, the chief financial officer owned 397,485 shares of the company's stock, valued at approximately $20,860,012.80. This represents a 4.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 30.90% of the company's stock.

Institutional Trading of AST SpaceMobile

Hedge funds and other institutional investors have recently modified their holdings of the stock. Binnacle Investments Inc acquired a new position in AST SpaceMobile during the second quarter valued at approximately $33,000. Chapman Financial Group LLC acquired a new position in shares of AST SpaceMobile during the 2nd quarter worth approximately $38,000. Russell Investments Group Ltd. raised its stake in shares of AST SpaceMobile by 197.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,574 shares of the company's stock worth $120,000 after purchasing an additional 1,709 shares in the last quarter. Strs Ohio acquired a new stake in shares of AST SpaceMobile in the 1st quarter valued at approximately $168,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of AST SpaceMobile in the third quarter valued at $226,000. Institutional investors and hedge funds own 60.95% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.