FY2028 EPS Estimates for AST SpaceMobile Cut by Roth Capital

AST SpaceMobile, Inc. (NASDAQ:ASTS) – Analysts at Roth Capital reduced their FY2028 earnings estimates for shares of AST SpaceMobile in a research report issued to clients and investors on Tuesday, November 11th. Roth Capital analyst S. Searle now expects that the company will post earnings per share of $0.48 for the year, down from their prior estimate of $0.61. Roth Capital has a “Buy” rating on the stock. The consensus estimate for AST SpaceMobile’s current full-year earnings is ($0.40) per share. Roth Capital also issued estimates for AST SpaceMobile’s FY2029 earnings at $1.62 EPS.

A number of other equities research analysts have also recently commented on ASTS. William Blair began coverage on AST SpaceMobile in a report on Thursday, August 21st. They set a “market perform” rating on the stock. Scotiabank downgraded AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $42.90 target price on the stock. in a research note on Tuesday, October 7th. UBS Group downgraded AST SpaceMobile from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $62.00 to $43.00 in a research note on Tuesday, September 9th. Zacks Research lowered shares of AST SpaceMobile from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $45.27.

AST SpaceMobile Stock Down 4.7%

ASTS opened at $61.44 on Wednesday. The stock has a market cap of $22.03 billion, a price-to-earnings ratio of -49.55 and a beta of 2.46. The company has a debt-to-equity ratio of 0.43, a quick ratio of 8.23 and a current ratio of 9.56. The firm’s fifty day moving average is $64.43 and its 200 day moving average is $49.06. AST SpaceMobile has a fifty-two week low of $17.50 and a fifty-two week high of $102.79.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings results 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 firm had revenue of $14.74 million during the quarter, compared to the consensus estimate of $22.04 million. AST SpaceMobile had a negative return on equity of 27.76% and a negative net margin of 1,639.59%.The business’s revenue for the quarter was up 1236.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.10) earnings per share.

Institutional Investors Weigh In On AST SpaceMobile

Hedge funds have recently bought and sold shares of the business. Jump Financial LLC grew its stake in shares of AST SpaceMobile by 2,126.2% in the 3rd quarter. Jump Financial LLC now owns 379,203 shares of the company’s stock worth $18,611,000 after buying an additional 362,169 shares in the last quarter. Pathstone Holdings LLC raised its position in shares of AST SpaceMobile by 325.1% during the 3rd quarter. Pathstone Holdings LLC now owns 28,916 shares of the company’s stock valued at $1,419,000 after buying an additional 22,114 shares in the last quarter. Limestone Investment Advisors LP bought a new position in shares of AST SpaceMobile in the 3rd quarter valued at about $822,000. Aristides Capital LLC bought a new position in shares of AST SpaceMobile in the 3rd quarter valued at about $627,000. Finally, Sei Investments Co. grew its position in AST SpaceMobile by 18.7% in the third quarter. Sei Investments Co. now owns 20,668 shares of the company’s stock worth $1,014,000 after acquiring an additional 3,257 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Insider Activity at AST SpaceMobile

In other news, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $40.58, for a total transaction of $1,623,200.00. Following the completion of the transaction, the chief technology officer directly owned 4,750 shares in the company, valued at approximately $192,755. This represents a 89.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Andrew Martin Johnson sold 20,000 shares of the firm’s stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $52.48, for a total transaction of $1,049,600.00. Following the completion of the transaction, the chief financial officer directly owned 397,485 shares of the company’s stock, valued at approximately $20,860,012.80. This trade represents a 4.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 30.90% 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.