AST SpaceMobile (NASDAQ:ASTS) Shares Down 1.7% - What's Next?

Key Points

• Shares fell 1.7% to about $88.39 on Monday, with mid-day volume of 12.85 million shares, slightly below the ~15.0 million average session volume.
• AST reported Q results of ($0.26) EPS versus consensus ($0.18) (a miss) but delivered revenue of $54.31 million (vs. $39.53M expected), up 2,731% year‑over‑year while remaining unprofitable with deeply negative margins.
• Analyst sentiment is mixed but the MarketBeat consensus is a Reduce rating with an average price target of $63.77, implying notable downside from current prices.

AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) shares fell 1.7% on Monday . The company traded as low as $86.53 and last traded at $88.3870. 12,852,798 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 14,999,605 shares. The stock had previously closed at $89.93.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AST SpaceMobile in a research report on Monday, December 29th. Zacks Research raised shares of AST SpaceMobile from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. B. Riley Financial cut their target price on shares of AST SpaceMobile from $105.00 to $95.00 and set a "neutral" rating for the company in a research note on Friday, February 13th. Scotiabank downgraded shares of AST SpaceMobile from a "sector perform" rating to a "sector underperform" rating and set a $45.60 target price for the company. in a report on Wednesday, January 7th. Finally, UBS Group upped their price target on shares of AST SpaceMobile from $43.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, March 4th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $63.77.

AST SpaceMobile Price Performance

The company has a current ratio of 16.35, a quick ratio of 16.27 and a debt-to-equity ratio of 0.92. The company has a 50 day moving average of $96.29 and a 200-day moving average of $77.27. The firm has a market capitalization of $33.77 billion, a P/E ratio of -66.96 and a beta of 2.78.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last posted its earnings results on Monday, March 2nd. The company reported ($0.26) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.08). The firm had revenue of $54.31 million for the quarter, compared to analyst estimates of $39.53 million. AST SpaceMobile had a negative return on equity of 23.02% and a negative net margin of 482.16%.AST SpaceMobile's quarterly revenue was up 2731.3% compared to the same quarter last year. On average, sell-side analysts predict that AST SpaceMobile, Inc. will post -0.4 EPS for the current year.

Insiders Place Their Bets

In other AST SpaceMobile news, Director Keith R. Larson acquired 625 shares of the business's stock in a transaction on Wednesday, December 24th. The stock was purchased at an average price of $80.00 per share, with a total value of $50,000.00. Following the acquisition, the director directly owned 2,015 shares of the company's stock, valued at approximately $161,200. This trade represents a 44.96% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 30.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. REAP Financial Group LLC bought a new stake in shares of AST SpaceMobile in the third quarter valued at approximately $25,000. Crewe Advisors LLC bought a new position in AST SpaceMobile during the 4th quarter worth $25,000. Laurel Wealth Advisors LLC acquired a new position in AST SpaceMobile in the 4th quarter valued at $25,000. Byrne Asset Management LLC acquired a new position in AST SpaceMobile in the 4th quarter valued at $29,000. Finally, Acumen Wealth Advisors LLC bought a new stake in shares of AST SpaceMobile during the 4th quarter valued at $29,000. 60.95% of the stock is owned by institutional investors.

About AST SpaceMobile

AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company's core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.

AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.

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