Key Points
- CFO Andrew Martin Johnson sold 10,000 shares at an average price of $56.00 for $560,000, leaving him with 387,485 shares (a 2.52% reduction) as disclosed in an SEC filing.
- Q3 results missed expectations: AST reported EPS of ($0.45) vs. a ($0.18) consensus and revenue of $14.74M vs. $22.04M, while showing a deeply negative net margin (1,639.59%) and negative ROE.
- Market and analyst picture: ASTS trades near $56.52 with a $20.74B market cap and a 12‑month range of $17.50–$102.79; analysts are mixed with a consensus "Hold" rating and a $45.66 target.
AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) CFO Andrew Martin Johnson sold 10,000 shares of the company's stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $56.00, for a total transaction of $560,000.00. Following the transaction, the chief financial officer directly owned 387,485 shares of the company's stock, valued at $21,699,160. This represents a 2.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
AST SpaceMobile Stock Up 1.8%
NASDAQ ASTS opened at $56.52 on Friday. AST SpaceMobile, Inc. has a twelve month low of $17.50 and a twelve month high of $102.79. The stock has a market cap of $20.74 billion, a PE ratio of -45.58 and a beta of 2.46. The firm has a 50-day simple moving average of $67.84 and a 200 day simple moving average of $51.42. The company has a debt-to-equity ratio of 0.43, a quick ratio of 9.48 and a current ratio of 9.56.
AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.27). AST SpaceMobile had a negative net margin of 1,639.59% and a negative return on equity of 27.76%. The firm had revenue of $14.74 million for the quarter, compared to the consensus estimate of $22.04 million. During the same quarter in the prior year, the firm earned ($1.10) earnings per share. The company's revenue was up 1236.4% on a year-over-year basis. On average, research analysts forecast that AST SpaceMobile, Inc. will post -0.4 EPS for the current year.
Wall Street Analyst Weigh In
ASTS has been the subject of several research reports. Barclays cut AST SpaceMobile from an "overweight" rating to an "underweight" rating and set a $60.00 target price for the company. in a research report on Friday, October 17th. Zacks Research downgraded shares of AST SpaceMobile from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 21st. Weiss Ratings reissued a "sell (e+)" rating on shares of AST SpaceMobile in a research note on Monday. Scotiabank raised shares of AST SpaceMobile from a "sector underperform" rating to a "sector perform" rating and set a $45.60 price target for the company in a research report on Monday. Finally, Roth Capital reaffirmed a "buy" rating on shares of AST SpaceMobile in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $45.66.
Check Out Our Latest Stock Report on AST SpaceMobile
Hedge Funds Weigh In On AST SpaceMobile
Several institutional investors have recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC grew its stake in AST SpaceMobile by 34.5% during the third quarter. CIBC Private Wealth Group LLC now owns 1,755 shares of the company's stock worth $86,000 after buying an additional 450 shares during the last quarter. Centaurus Financial Inc. boosted its holdings in shares of AST SpaceMobile by 46.4% in the 3rd quarter. Centaurus Financial Inc. now owns 4,438 shares of the company's stock worth $218,000 after acquiring an additional 1,407 shares in the last quarter. Sunbelt Securities Inc. grew its position in AST SpaceMobile by 22.9% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,003 shares of the company's stock worth $49,000 after acquiring an additional 187 shares during the last quarter. Danske Bank A S acquired a new stake in AST SpaceMobile during the 3rd quarter valued at $128,000. Finally, Stance Capital LLC bought a new position in AST SpaceMobile in the 3rd quarter valued at $1,703,000. 60.95% of the stock is owned by institutional investors.
About AST SpaceMobile
(
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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