AST SpaceMobile, Inc. (NASDAQ:ASTS) Receives $45.66 Average PT from Brokerages

AST SpaceMobile, Inc. (NASDAQ:ASTSGet Free Report) has been given a consensus rating of “Reduce” by the eleven analysts that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $45.6571.

ASTS has been the topic of several analyst reports. Zacks Research downgraded shares of AST SpaceMobile from a “hold” rating to a “strong sell” rating in a report on Friday, January 9th. B. Riley cut shares of AST SpaceMobile from a “buy” rating to a “neutral” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AST SpaceMobile in a report on Monday, December 29th. Barclays cut AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 price target on the stock. in a report on Friday, October 17th. Finally, Scotiabank downgraded AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 price objective on the stock. in a research report on Wednesday, January 7th.

Read Our Latest Stock Report on ASTS

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AST SpaceMobile Stock Performance

NASDAQ:ASTS opened at $115.77 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 9.48 and a current ratio of 9.56. The stock has a 50-day simple moving average of $73.22 and a two-hundred day simple moving average of $62.51. The firm has a market capitalization of $42.49 billion, a PE ratio of -93.36 and a beta of 2.70. AST SpaceMobile has a 52-week low of $17.50 and a 52-week high of $120.80.

AST SpaceMobile (NASDAQ:ASTSGet Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.27). The company had revenue of $14.74 million for the quarter, compared to analysts’ expectations of $22.04 million. AST SpaceMobile had a negative net margin of 1,639.59% and a negative return on equity of 27.76%. The firm’s quarterly revenue was up 1236.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.10) earnings per share. Analysts forecast that AST SpaceMobile will post -0.4 EPS for the current year.

Insider Buying and Selling

In other news, CFO Andrew Martin Johnson sold 10,000 shares of AST SpaceMobile stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $56.00, for a total transaction of $560,000.00. Following the sale, the chief financial officer owned 387,485 shares in the company, valued at $21,699,160. This trade represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Maya Bernal sold 6,000 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $73.76, for a total transaction of $442,560.00. Following the transaction, the chief accounting officer owned 122,486 shares of the company’s stock, valued at approximately $9,034,567.36. This represents a 4.67% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders bought 2,765 shares of company stock worth $187,236 and sold 2,354,621 shares worth $164,348,075. 30.90% of the stock is currently owned by company insiders.

Institutional Trading of AST SpaceMobile

Institutional investors and hedge funds have recently bought and sold shares of the stock. Perigon Wealth Management LLC acquired a new stake in shares of AST SpaceMobile in the fourth quarter worth approximately $294,000. Genesee Capital Advisors LLC acquired a new position in AST SpaceMobile in the 4th quarter valued at $260,000. Crewe Advisors LLC purchased a new position in AST SpaceMobile in the 4th quarter valued at $25,000. Capital Advisors Inc. OK boosted its stake in AST SpaceMobile by 20.7% during the 4th quarter. Capital Advisors Inc. OK now owns 7,952 shares of the company’s stock worth $578,000 after purchasing an additional 1,362 shares during the last quarter. Finally, Lodestone Wealth Management LLC acquired a new stake in AST SpaceMobile during the 4th quarter worth $60,000. 60.95% of the stock is currently owned by institutional investors.

About AST SpaceMobile

(Get Free Report)

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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