Key Points
- Insider purchase: Director Keith Larson bought 715 shares on December 17 at an average price of $70.02 (~$50,064), bringing his total ownership to 1,390 shares (a 105.93% increase).
- Stock and analyst snapshot: ASTS traded around $65.93, has a market cap of ~$24.2B, 50‑/200‑day SMAs of $70.41/$55.66, and carries a consensus target of $45.66 with mixed analyst ratings (3 Buy, 5 Hold, 3 Sell).
- Recent results and fundamentals: the company missed Q3 expectations with EPS of -$0.45 vs. -$0.18 est. and revenue of $14.74M vs. $22.04M, showing a large negative net margin despite revenue growing ~1,236% year‑over‑year.
AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) Director Keith Larson acquired 715 shares of AST SpaceMobile stock in a transaction that occurred on Wednesday, December 17th. The stock was acquired at an average price of $70.02 per share, with a total value of $50,064.30. Following the completion of the acquisition, the director directly owned 1,390 shares in the company, valued at $97,327.80. This represents a 105.93% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
AST SpaceMobile Stock Performance
NASDAQ:ASTS traded up $4.07 on Thursday, hitting $65.93. The stock had a trading volume of 4,815,619 shares, compared to its average volume of 12,070,795. The business's 50-day simple moving average is $70.41 and its two-hundred day simple moving average is $55.66. The stock has a market cap of $24.20 billion, a price-to-earnings ratio of -53.19 and a beta of 2.76. AST SpaceMobile, Inc. has a 52-week low of $17.50 and a 52-week high of $102.79. The company has a quick ratio of 9.48, a current ratio of 9.56 and a debt-to-equity ratio of 0.43.
AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last released 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). The company had revenue of $14.74 million for the quarter, compared to the consensus estimate 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 business's revenue for the quarter was up 1236.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.10) EPS. As a group, research analysts predict that AST SpaceMobile, Inc. will post -0.4 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages recently issued reports on ASTS. Barclays downgraded AST SpaceMobile from an "overweight" rating to an "underweight" rating and set a $60.00 target price on the stock. in a research note on Friday, October 17th. Zacks Research cut shares of AST SpaceMobile from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 21st. UBS Group cut shares of AST SpaceMobile from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $62.00 to $43.00 in a research note on Tuesday, September 9th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AST SpaceMobile in a report on Monday. Finally, Scotiabank raised 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 note on Monday, November 24th. Three research analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $45.66.
Get Our Latest Stock Report on ASTS
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in ASTS. Nuveen LLC bought a new position in AST SpaceMobile in the 1st quarter valued at $9,218,000. HighTower Advisors LLC boosted its stake in shares of AST SpaceMobile by 174.6% during the first quarter. HighTower Advisors LLC now owns 206,289 shares of the company's stock valued at $4,691,000 after purchasing an additional 131,171 shares during the period. Algert Global LLC boosted its stake in shares of AST SpaceMobile by 111.1% during the first quarter. Algert Global LLC now owns 55,950 shares of the company's stock valued at $1,272,000 after purchasing an additional 29,450 shares during the period. Northern Trust Corp grew its holdings in shares of AST SpaceMobile by 2.7% in the first quarter. Northern Trust Corp now owns 1,266,315 shares of the company's stock worth $28,796,000 after purchasing an additional 33,259 shares during the last quarter. Finally, Rakuten Group Inc. purchased a new position in AST SpaceMobile in the 1st quarter worth about $705,398,000. Hedge funds and other institutional investors own 60.95% of the company's stock.
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.
Further Reading
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