Key Points
- Director Adriana Cisneros purchased 750 shares on Nov. 20 at $50.79 each, increasing her holding to 784,077 shares (a 0.10% rise) in a transaction disclosed in an SEC filing.
- AST SpaceMobile stock was up about 7.1%, opening at $55 and implying a market capitalization near $20.2 billion with a one‑year range of $17.50 to $102.79.
- The company missed Q3 estimates, reporting EPS of ($0.45) vs. ($0.18) expected and revenue of $14.74M vs. $22.04M, resulting in a deeply negative net margin; analysts' consensus rating is "Hold" with an average target of $45.66.
AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) Director Adriana Cisneros acquired 750 shares of the company's stock in a transaction that occurred on Thursday, November 20th. The stock was purchased at an average cost of $50.79 per share, with a total value of $38,092.50. Following the completion of the purchase, the director directly owned 784,077 shares in the company, valued at $39,823,270.83. This represents a 0.10% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
AST SpaceMobile Stock Up 7.1%
ASTS opened at $55.00 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 9.48 and a current ratio of 9.56. The company has a market cap of $20.19 billion, a price-to-earnings ratio of -44.35 and a beta of 2.45. AST SpaceMobile, Inc. has a one year low of $17.50 and a one year high of $102.79. The business's fifty day moving average is $66.74 and its two-hundred day moving average is $50.95.
AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.45) earnings per share for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.27). The firm had revenue of $14.74 million during the quarter, compared to analysts' expectations of $22.04 million. AST SpaceMobile had a negative net margin of 1,639.59% and a negative return on equity of 27.76%. The company's quarterly revenue was up 1236.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.10) EPS. Analysts anticipate that AST SpaceMobile, Inc. will post -0.4 EPS for the current fiscal year.
Analyst Ratings Changes
ASTS has been the subject of a number of research reports. Weiss Ratings restated a "sell (e+)" rating on shares of AST SpaceMobile in a research report on Monday, November 17th. Zacks Research lowered AST SpaceMobile from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 21st. Scotiabank upgraded AST SpaceMobile from a "sector underperform" rating to a "sector perform" rating and set a $45.60 target price on the stock in a report on Monday. Roth Capital reissued a "buy" rating on shares of AST SpaceMobile in a report on Tuesday, August 12th. Finally, William Blair initiated coverage on AST SpaceMobile in a research note on Thursday, August 21st. They set a "market perform" rating on the stock. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, AST SpaceMobile presently has a consensus rating of "Hold" and an average target price of $45.66.
Get Our Latest Stock Report on AST SpaceMobile
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. Rakuten Group Inc. acquired a new stake in shares of AST SpaceMobile during the first quarter worth $705,398,000. Vanguard Group Inc. increased its stake in AST SpaceMobile by 13.4% in the third quarter. Vanguard Group Inc. now owns 19,919,888 shares of the company's stock valued at $977,668,000 after purchasing an additional 2,351,539 shares during the last quarter. Clear Street Group Inc. purchased a new position in AST SpaceMobile during the third quarter worth about $90,129,000. Voya Investment Management LLC lifted its position in AST SpaceMobile by 1,992.5% during the first quarter. Voya Investment Management LLC now owns 843,554 shares of the company's stock worth $19,182,000 after buying an additional 803,240 shares during the period. Finally, Jump Financial LLC acquired a new stake in AST SpaceMobile in the 1st quarter worth about $14,750,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.
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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