FY2028 EPS Estimates for AST SpaceMobile Cut by Roth Capital

AST SpaceMobile, Inc. (NASDAQ:ASTS) – Stock analysts at Roth Capital decreased their FY2028 earnings per share (EPS) estimates for shares of AST SpaceMobile in a note issued to investors on Wednesday, May 14th. Roth Capital analyst S. Searle now anticipates that the company will post earnings of $0.74 per share for the year, down from their prior forecast of $0.75. Roth Capital currently has a “Buy” rating and a $42.00 target price 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 $1.84 EPS.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.03). The firm had revenue of $0.72 million during the quarter, compared to analysts’ expectations of $3.85 million.

ASTS has been the topic of a number of other reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $30.00 price objective on shares of AST SpaceMobile in a research report on Tuesday, March 4th. UBS Group boosted their price target on AST SpaceMobile from $31.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Scotiabank lowered their price target on AST SpaceMobile from $47.90 to $45.40 and set a “sector outperform” rating on the stock in a report on Tuesday. Finally, Oppenheimer began coverage on AST SpaceMobile in a report on Monday, May 5th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, AST SpaceMobile has a consensus rating of “Moderate Buy” and a consensus price target of $42.40.

AST SpaceMobile Stock Down 0.0%

ASTS stock opened at $26.24 on Thursday. AST SpaceMobile has a twelve month low of $3.07 and a twelve month high of $39.08. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.31. The stock has a market cap of $8.30 billion, a P/E ratio of -12.38 and a beta of 2.05. The business’s 50-day moving average price is $24.43 and its 200-day moving average price is $24.51.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ASTS. Sunbelt Securities Inc. boosted its position in shares of AST SpaceMobile by 61.9% during the 1st quarter. Sunbelt Securities Inc. now owns 1,321 shares of the company’s stock valued at $30,000 after acquiring an additional 505 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of AST SpaceMobile by 388.7% during the 1st quarter. GAMMA Investing LLC now owns 1,559 shares of the company’s stock valued at $35,000 after acquiring an additional 1,240 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of AST SpaceMobile during the 4th quarter valued at approximately $37,000. Financial Gravity Asset Management Inc. bought a new position in shares of AST SpaceMobile during the 1st quarter valued at approximately $41,000. Finally, Close Asset Management Ltd boosted its position in shares of AST SpaceMobile by 72.4% during the 1st quarter. Close Asset Management Ltd now owns 1,810 shares of the company’s stock valued at $41,000 after acquiring an additional 760 shares during the last quarter. 60.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Julio A. Torres sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $30.73, for a total transaction of $614,600.00. Following the sale, the director now directly owns 52,628 shares of the company’s stock, valued at $1,617,258.44. This represents a 27.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 34.15% of the stock is owned by insiders.

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.