AST SpaceMobile (ASTS) to Release Quarterly Earnings on Thursday

AST SpaceMobile (NASDAQ:ASTSGet Free Report) will be releasing its earnings data after the market closes on Thursday, November 14th. Analysts expect AST SpaceMobile to post earnings of ($0.18) per share for the quarter.

AST SpaceMobile (NASDAQ:ASTSGet Free Report) last announced its earnings results on Wednesday, August 14th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.05. The business had revenue of $0.90 million for the quarter, compared to analyst estimates of $2.00 million. On average, analysts expect AST SpaceMobile to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

AST SpaceMobile Trading Up 12.6 %

Shares of ASTS stock opened at $24.76 on Tuesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.38 and a quick ratio of 6.38. The company has a market cap of $6.67 billion, a price-to-earnings ratio of -19.81 and a beta of 1.64. The stock has a 50 day simple moving average of $25.91 and a 200-day simple moving average of $17.86. AST SpaceMobile has a 1-year low of $1.97 and a 1-year high of $39.08.

Insider Activity

In other AST SpaceMobile news, Director Adriana Cisneros purchased 4,934 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $26.32 per share, with a total value of $129,862.88. Following the completion of the purchase, the director now owns 774,772 shares in the company, valued at approximately $20,391,999.04. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other AST SpaceMobile news, CTO Huiwen Yao sold 45,000 shares of the business’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $24.26, for a total transaction of $1,091,700.00. Following the transaction, the chief technology officer now owns 55,000 shares of the company’s stock, valued at approximately $1,334,300. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Adriana Cisneros bought 4,934 shares of the business’s stock in a transaction on Friday, September 6th. The stock was bought at an average cost of $26.32 per share, with a total value of $129,862.88. Following the completion of the purchase, the director now directly owns 774,772 shares in the company, valued at approximately $20,391,999.04. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 127,700 shares of company stock worth $3,220,524 over the last three months. Insiders own 41.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group upped their target price on AST SpaceMobile from $13.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Scotiabank upped their target price on AST SpaceMobile from $28.00 to $45.90 and gave the stock a “sector outperform” rating in a research note on Monday, August 26th. Deutsche Bank Aktiengesellschaft upped their target price on AST SpaceMobile from $22.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, B. Riley upped their target price on AST SpaceMobile from $26.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th.

View Our Latest Analysis on ASTS

AST SpaceMobile Company Profile

(Get Free Report)

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.

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Earnings History for AST SpaceMobile (NASDAQ:ASTS)

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