AST SpaceMobile FY2028 EPS Estimate Lowered by Roth Capital

AST SpaceMobile, Inc. (NASDAQ:ASTS) – Analysts at Roth Capital decreased their FY2028 earnings per share (EPS) estimates for shares of AST SpaceMobile in a report issued on Tuesday, November 11th. Roth Capital analyst S. Searle now anticipates that the company will earn $0.48 per share for the year, down from their previous estimate of $0.61. Roth Capital currently 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.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.27). The firm had revenue of $14.74 million for the quarter, compared to analyst estimates of $22.04 million. AST SpaceMobile had a negative return on equity of 33.88% and a negative net margin of 1,639.59%.The company’s quarterly revenue was up 1236.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.10) earnings per share.

Several other equities analysts also recently issued reports on ASTS. UBS Group downgraded shares of AST SpaceMobile from a “buy” rating to a “neutral” rating and dropped their price target for the company from $62.00 to $43.00 in a research note on Tuesday, September 9th. Barclays cut shares of AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 price target for the company. in a report on Friday, October 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Wednesday, October 8th. William Blair started coverage on AST SpaceMobile in a report on Thursday, August 21st. They issued a “market perform” rating on the stock. Finally, Zacks Research cut AST SpaceMobile from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, AST SpaceMobile currently has an average rating of “Reduce” and an average target price of $45.27.

AST SpaceMobile Price Performance

NASDAQ:ASTS traded up $1.01 during trading hours on Wednesday, hitting $68.90. The company’s stock had a trading volume of 1,394,674 shares, compared to its average volume of 12,099,741. The stock has a fifty day simple moving average of $63.66 and a 200-day simple moving average of $48.86. The company has a market capitalization of $24.70 billion, a P/E ratio of -55.56 and a beta of 2.46. AST SpaceMobile has a twelve month low of $17.50 and a twelve month high of $102.79. The company has a debt-to-equity ratio of 0.42, a current ratio of 8.23 and a quick ratio of 8.23.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. REAP Financial Group LLC bought a new position in shares of AST SpaceMobile in the third quarter worth $25,000. Atlantic Union Bankshares Corp purchased a new stake in shares of AST SpaceMobile in the second quarter worth about $28,000. Geneos Wealth Management Inc. increased its holdings in AST SpaceMobile by 225.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 650 shares of the company’s stock worth $32,000 after acquiring an additional 450 shares during the period. Binnacle Investments Inc bought a new position in AST SpaceMobile in the 2nd quarter valued at $33,000. Finally, Chapman Financial Group LLC purchased a new position in shares of AST SpaceMobile during the 2nd quarter valued at $38,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at AST SpaceMobile

In other news, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction 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 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 this hyperlink. Also, CFO Andrew Martin Johnson sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer directly owned 397,485 shares in the company, valued at approximately $20,860,012.80. This trade represents a 4.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.