Cantor Fitzgerald Forecasts AST SpaceMobile FY2026 Earnings

AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) - Cantor Fitzgerald issued their FY2026 earnings per share estimates for shares of AST SpaceMobile in a research report issued on Monday, June 9th. Cantor Fitzgerald analyst C. Canfield forecasts that the company will post earnings per share of ($0.96) for the year. Cantor Fitzgerald currently has a "Overweight" rating and a $30.00 target price on the stock. The consensus estimate for AST SpaceMobile's current full-year earnings is ($0.40) per share.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.03). The company had revenue of $0.72 million during the quarter, compared to analyst estimates of $3.85 million.

A number of other analysts have also commented on ASTS. Roth Capital initiated coverage on AST SpaceMobile in a research report on Thursday, April 10th. They issued a "buy" rating and a $42.00 target price for the company. Oppenheimer initiated coverage on AST SpaceMobile in a research report on Monday, May 5th. They issued a "market perform" rating for the company. UBS Group boosted their target price on AST SpaceMobile from $31.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, Scotiabank decreased their target price on AST SpaceMobile from $47.90 to $45.40 and set a "sector outperform" rating for the company in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $42.40.

AST SpaceMobile Stock Up 2.1%

AST SpaceMobile stock traded up $0.76 during midday trading on Tuesday, reaching $36.47. The stock had a trading volume of 12,869,958 shares, compared to its average volume of 12,328,592. AST SpaceMobile has a 12 month low of $9.32 and a 12 month high of $39.08. The company has a market capitalization of $11.54 billion, a P/E ratio of -17.20 and a beta of 2.02. The company has a fifty day moving average price of $25.07 and a two-hundred day moving average price of $24.86. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.31.

Hedge Funds Weigh In On AST SpaceMobile

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rakuten Group Inc. bought a new stake in shares of AST SpaceMobile in the 1st quarter worth approximately $705,398,000. Alphabet Inc. bought a new stake in shares of AST SpaceMobile in the 1st quarter worth approximately $203,375,000. Vanguard Group Inc. raised its holdings in shares of 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 period. T. Rowe Price Investment Management Inc. bought a new stake in shares of AST SpaceMobile in the 4th quarter worth approximately $59,523,000. Finally, Jump Financial LLC bought a new stake in shares of AST SpaceMobile in the 1st quarter worth approximately $14,750,000. Hedge funds and other institutional investors own 60.95% of the company's stock.

Insider Buying and Selling at AST SpaceMobile

In other news, CTO Huiwen Yao sold 4,250 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $34.60, for a total value of $147,050.00. Following the transaction, the chief technology officer now owns 20,750 shares in the company, valued at $717,950. The trade was a 17.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Scott Wisniewski sold 50,000 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $35.65, for a total value of $1,782,500.00. Following the completion of the transaction, the president now owns 545,595 shares in the company, valued at $19,450,461.75. The trade was a 8.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 174,250 shares of company stock worth $5,728,350. Insiders own 34.15% of the company's stock.

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.