AST SpaceMobile (ASTS) to Release Quarterly Earnings on Thursday

AST SpaceMobile (NASDAQ:ASTS) 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:ASTS) 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.

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.