AST SpaceMobile, Inc. (NASDAQ:ASTS) Stock Has Average Price Target of $80.67

Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) have received a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $75.47.

A number of brokerages have weighed in on ASTS. Citigroup restated a “positive” rating on shares of AST SpaceMobile in a report on Tuesday. Bank of America restated a “neutral” rating on shares of AST SpaceMobile in a report on Tuesday. Royal Bank Of Canada lowered AST SpaceMobile to a “sector perform” rating in a research report on Friday, October 2nd. Scotiabank raised shares of AST SpaceMobile from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $50.80 to $55.70 in a research report on Friday, October 23rd. Finally, Berenberg Bank started coverage on shares of AST SpaceMobile in a research report on Wednesday, September 2nd. They set a “buy” rating and a $92.00 price target for the company.

AST SpaceMobile Trading Down 5.8%

NASDAQ ASTS opened at $34.50 on Friday. The company has a quick ratio of 12.90, a current ratio of 13.65 and a debt-to-equity ratio of 1.89. AST SpaceMobile has a twelve month low of $27.58 and a twelve month high of $133.86. The firm has a market capitalization of $13.43 billion, a PE ratio of -16.20 and a beta of 2.88. The stock’s 50 day moving average is $50.29 and its 200 day moving average is $74.53.

AST SpaceMobile (NASDAQ:ASTS) last issued its quarterly earnings results on Monday, November 9th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.03). The firm had revenue of $42.32 million during the quarter, compared to analysts’ expectations of $45.73 million. AST SpaceMobile had a negative return on equity of 22.00% and a negative net margin of 439.71%. AST SpaceMobile’s revenue for the quarter was up 187.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.45) earnings per share. Research analysts forecast that AST SpaceMobile will post -1.95 earnings per share for the current fiscal year.

Trending Headlines about AST SpaceMobile

These are some of the ASTS headlines that stood out recently:

• Positive Sentiment: Management’s rollout plans include targeting satellite broadband service by year-end 2026 and expanding BlueBird production. The company has also announced Blacklift, a reusable launch vehicle, and reportedly secured $1 billion in Japanese government subsidies, which could support deployment. AST SpaceMobile: 3 Key Takeaways for Long-Term Investors
• Negative Sentiment: AST SpaceMobile’s latest quarter missed analyst expectations for both adjusted earnings and revenue. Rising spending on satellites and the Blacklift project, alongside concerns that cash burn may outpace revenue growth, is reinforcing questions about its valuation and funding requirements. AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
• Negative Sentiment: Valuation sentiment has weakened: an update cited a lower implied fair value, while UBS cut its price target to $43 from $78 and maintained a Neutral rating. These revisions add to caution following the results. AST SpaceMobile Stock Fair Value Moves Lower

Insider Buying and Selling at AST SpaceMobile

In other news, CTO Huiwen Yao sold 40,000 shares of the business’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $58.93, for a total value of $2,357,200.00. Following the completion of the transaction, the chief technology officer owned 34,750 shares in the company, valued at $2,047,817.50. The trade was a 53.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Adriana Cisneros purchased 10,822 shares of the stock in a transaction dated Monday, August 31st. The shares were acquired at an average cost of $57.22 per share, for a total transaction of $619,234.84. Following the completion of the acquisition, the director owned 797,023 shares of the company’s stock, valued at approximately $45,605,656.06. This represents a 1.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 20.89% of the company’s stock.

Hedge Funds Weigh In On AST SpaceMobile

A number of hedge funds have recently bought and sold shares of the business. Hollencrest Capital Management lifted its position in AST SpaceMobile by 11.7% during the first quarter. Hollencrest Capital Management now owns 1,592 shares of the company’s stock valued at $132,000 after purchasing an additional 167 shares during the period. Byrne Asset Management LLC grew its position in AST SpaceMobile by 17.0% in the 3rd quarter. Byrne Asset Management LLC now owns 1,170 shares of the company’s stock worth $67,000 after purchasing an additional 170 shares during the period. TD Waterhouse Canada Inc. grew its position in AST SpaceMobile by 15.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,404 shares of the company’s stock worth $121,000 after purchasing an additional 188 shares during the period. MGO One Seven LLC grew its position in AST SpaceMobile by 1.9% in the 3rd quarter. MGO One Seven LLC now owns 12,536 shares of the company’s stock worth $738,000 after purchasing an additional 239 shares during the period. Finally, Salvus Wealth Management LLC raised its stake in AST SpaceMobile by 0.4% during the 3rd quarter. Salvus Wealth Management LLC now owns 70,662 shares of the company’s stock valued at $4,159,000 after buying an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Company Profile

AST SpaceMobile, Inc. develops a space-based cellular broadband network designed to connect directly with standard mobile phones, without requiring users to purchase specialized satellite devices. Its planned services include voice calls, text messaging and mobile broadband, delivered through partnerships with mobile network operators and integrated with their existing networks. The company is developing and deploying its BlueBird satellite system to provide coverage in areas where terrestrial cellular networks are unavailable or limited.