FY2026 EPS Estimates for AST SpaceMobile Lowered by B. Riley

AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) - Equities researchers at B. Riley reduced their FY2026 earnings estimates for shares of AST SpaceMobile in a research note issued on Monday, June 16th. B. Riley analyst M. Crawford now expects that the company will post earnings of ($0.35) per share for the year, down from their previous estimate of ($0.33). B. Riley has a "Buy" rating and a $44.00 price objective on the stock. The consensus estimate for AST SpaceMobile's current full-year earnings is ($0.40) per share.

A number of other analysts also recently issued reports on ASTS. UBS Group increased their price target on shares of AST SpaceMobile from $31.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Cantor Fitzgerald reissued an "overweight" rating and set a $30.00 price target on shares of AST SpaceMobile in a report on Tuesday, March 4th. Oppenheimer began coverage on shares of AST SpaceMobile in a report on Monday, May 5th. They set a "market perform" rating on the stock. Scotiabank lowered their price target on shares of AST SpaceMobile from $47.90 to $45.40 and set a "sector outperform" rating on the stock in a report on Tuesday, May 13th. Finally, Roth Capital began coverage on shares of AST SpaceMobile in a report on Thursday, April 10th. They set a "buy" rating and a $42.00 price target on the stock. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, AST SpaceMobile presently has an average rating of "Moderate Buy" and an average price target of $43.73.

AST SpaceMobile Stock Performance

NASDAQ ASTS traded up $1.59 on Wednesday, hitting $45.94. 23,471,702 shares of the company's stock traded hands, compared to its average volume of 12,467,280. The company has a current ratio of 10.62, a quick ratio of 10.62 and a debt-to-equity ratio of 0.60. The firm's 50-day moving average price is $27.77 and its two-hundred day moving average price is $25.76. AST SpaceMobile has a 1-year low of $9.32 and a 1-year high of $48.94. The firm has a market capitalization of $14.54 billion, a PE ratio of -23.09 and a beta of 2.02.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.03). AST SpaceMobile had a negative net margin of 7,033.22% and a negative return on equity of 23.56%. The business had revenue of $0.72 million for the quarter, compared to analyst estimates of $3.85 million.

Insiders Place Their Bets

In other AST SpaceMobile news, CTO Huiwen Yao sold 55,000 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $26.82, for a total transaction of $1,475,100.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Scott Wisniewski sold 50,000 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $35.65, for a total transaction of $1,782,500.00. Following the transaction, the president now owns 545,595 shares of the company's stock, valued at $19,450,461.75. This represents a 8.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 184,250 shares of company stock worth $6,146,750. Company insiders own 34.15% of the company's stock.

Hedge Funds Weigh In On AST SpaceMobile

Large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in shares of AST SpaceMobile by 11.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,266,713 shares of the company's stock valued at $26,728,000 after buying an additional 135,008 shares during the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of AST SpaceMobile in the fourth quarter valued at about $755,000. Wells Fargo & Company MN raised its position in shares of AST SpaceMobile by 25.2% in the fourth quarter. Wells Fargo & Company MN now owns 117,822 shares of the company's stock valued at $2,486,000 after buying an additional 23,746 shares during the last quarter. Two Sigma Investments LP raised its position in shares of AST SpaceMobile by 117.5% in the fourth quarter. Two Sigma Investments LP now owns 51,874 shares of the company's stock valued at $1,095,000 after buying an additional 28,025 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in shares of AST SpaceMobile by 150.1% in the fourth quarter. Van ECK Associates Corp now owns 258,747 shares of the company's stock valued at $5,460,000 after buying an additional 155,310 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors and hedge funds.

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.