Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) traded up 5.6% during mid-day trading on Friday . The company traded as high as $46.24 and last traded at $46.42. 3,761,890 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 12,735,377 shares. The stock had previously closed at $43.97.
Wall Street Analysts Forecast Growth
ASTS has been the topic of a number of research analyst reports. Oppenheimer initiated coverage on AST SpaceMobile in a report on Monday, May 5th. They set a "market perform" rating on the stock. Roth Capital initiated coverage on AST SpaceMobile in a report on Thursday, April 10th. They set a "buy" rating and a $42.00 price target on the stock. Bank of America initiated coverage on AST SpaceMobile in a report on Wednesday, June 25th. They set a "neutral" rating and a $55.00 price target on the stock. Scotiabank reissued a "sector perform" rating and set a $45.40 price target on shares of AST SpaceMobile in a report on Monday, June 23rd. Finally, B. Riley reissued a "buy" rating and set a $44.00 price target (up from $36.00) on shares of AST SpaceMobile in a report on Monday, June 16th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $45.34.
View Our Latest Research Report on AST SpaceMobile
AST SpaceMobile Trading Up 3.7%
The company has a quick ratio of 10.62, a current ratio of 10.62 and a debt-to-equity ratio of 0.60. The firm's 50-day simple moving average is $34.93 and its 200 day simple moving average is $28.19. The stock has a market capitalization of $14.43 billion, a P/E ratio of -22.90 and a beta of 2.27.
AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.03). The business had revenue of $0.72 million during the quarter, compared to the consensus estimate of $3.85 million. AST SpaceMobile had a negative return on equity of 23.56% and a negative net margin of 7,033.22%. Equities research analysts anticipate that AST SpaceMobile, Inc. will post -0.4 EPS for the current fiscal year.
Insider Buying and Selling
In related news, COO Shanti B. Gupta sold 15,000 shares of AST SpaceMobile stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $36.08, for a total value of $541,200.00. Following the transaction, the chief operating officer owned 315,667 shares of the company's stock, valued at approximately $11,389,265.36. This trade represents a 4.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Huiwen Yao sold 55,000 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $26.82, for a total value of $1,475,100.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 184,250 shares of company stock valued at $6,146,750. 34.15% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On AST SpaceMobile
Several institutional investors have recently made changes to their positions in ASTS. Rakuten Group Inc. acquired a new stake in shares of AST SpaceMobile during the 1st quarter valued at about $705,398,000. Alphabet Inc. acquired a new stake in shares of AST SpaceMobile during the 1st quarter valued at about $203,375,000. Vanguard Group Inc. lifted its holdings in AST SpaceMobile by 49.4% in the 4th quarter. Vanguard Group Inc. now owns 14,987,351 shares of the company's stock worth $316,233,000 after purchasing an additional 4,955,941 shares during the last quarter. T. Rowe Price Investment Management Inc. acquired a new stake in AST SpaceMobile in the 4th quarter worth approximately $59,523,000. Finally, Voya Investment Management LLC lifted its holdings in AST SpaceMobile by 1,992.5% in the 1st quarter. Voya Investment Management LLC now owns 843,554 shares of the company's stock worth $19,182,000 after purchasing an additional 803,240 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.
About AST SpaceMobile
(
Get Free Report)
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.
Further Reading
Before you consider AST SpaceMobile, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AST SpaceMobile wasn't on the list.
While AST SpaceMobile currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
