Brokers Issue Forecasts for AST SpaceMobile FY2025 Earnings

AST SpaceMobile, Inc. (NASDAQ:ASTS) – Investment analysts at B. Riley lowered their FY2025 earnings per share (EPS) estimates for shares of AST SpaceMobile in a research report issued to clients and investors on Wednesday, March 5th. B. Riley analyst M. Crawford now anticipates that the company will post earnings per share of ($0.49) for the year, down from their previous estimate of ($0.20). The consensus estimate for AST SpaceMobile’s current full-year earnings is ($0.40) per share. B. Riley also issued estimates for AST SpaceMobile’s FY2026 earnings at ($0.32) EPS.

Several other equities research analysts also recently issued reports on ASTS. Scotiabank lifted their price objective on AST SpaceMobile from $40.20 to $47.90 and gave the stock a “sector outperform” rating in a report on Wednesday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $30.00 target price on shares of AST SpaceMobile in a research report on Tuesday. Finally, UBS Group upped 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. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $42.98.

AST SpaceMobile Stock Performance

Shares of NASDAQ:ASTS opened at $32.18 on Friday. The company has a market cap of $9.32 billion, a P/E ratio of -15.18 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.80 and a current ratio of 5.80. AST SpaceMobile has a one year low of $1.97 and a one year high of $39.08. The business’s 50-day simple moving average is $24.72 and its 200 day simple moving average is $25.58.

Institutional Investors Weigh In On AST SpaceMobile

Several institutional investors and hedge funds have recently made changes to their positions in ASTS. Stephens Inc. AR acquired a new stake in shares of AST SpaceMobile during the 3rd quarter valued at approximately $266,000. Van ECK Associates Corp increased its position in AST SpaceMobile by 141.1% in the third quarter. Van ECK Associates Corp now owns 103,437 shares of the company’s stock worth $2,716,000 after buying an additional 60,530 shares during the period. Amalgamated Bank increased its position in AST SpaceMobile by 17.4% in the third quarter. Amalgamated Bank now owns 4,578 shares of the company’s stock worth $120,000 after buying an additional 679 shares during the period. Hanseatic Management Services Inc. acquired a new stake in AST SpaceMobile in the third quarter worth $706,000. Finally, Hollencrest Capital Management acquired a new stake in AST SpaceMobile in the third quarter worth $26,000. 60.95% of the stock is owned by institutional investors and hedge funds.

AST SpaceMobile Company Profile

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.