Key Points
- Director Keith Larson bought 625 shares of AST SpaceMobile on Dec. 24 at an average price of $80.00 (total ~$50,000), bringing his holding to 2,015 shares — a 44.96% increase — as disclosed in an SEC filing.
- AST SpaceMobile recently reported a notable earnings miss (Q: -$0.45 vs. consensus -$0.18), has a wide 1-year range of $17.50–$102.79 with a market cap around $26.2B, and carries a MarketBeat consensus rating of "Hold" with an average price target of $45.66.
AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) Director Keith Larson bought 625 shares of the company's stock in a transaction dated Wednesday, December 24th. The stock was bought at an average cost of $80.00 per share, with a total value of $50,000.00. Following the completion of the transaction, the director owned 2,015 shares in the company, valued at approximately $161,200. This trade represents a 44.96% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
AST SpaceMobile Price Performance
Shares of NASDAQ ASTS opened at $71.47 on Tuesday. AST SpaceMobile, Inc. has a 1 year low of $17.50 and a 1 year high of $102.79. The stock has a market capitalization of $26.23 billion, a P/E ratio of -57.64 and a beta of 2.77. The company's 50-day moving average is $68.55 and its 200 day moving average is $58.36. The company has a debt-to-equity ratio of 0.43, a current ratio of 9.56 and a quick ratio of 9.48.
AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.45) earnings per share 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 period in the previous year, the firm posted ($1.10) earnings per share. The business's revenue was up 1236.4% compared to the same quarter last year. On average, sell-side analysts expect that AST SpaceMobile, Inc. will post -0.4 earnings per share for the current year.
Institutional Trading of AST SpaceMobile
A number of institutional investors and hedge funds have recently bought and sold shares of ASTS. REAP Financial Group LLC purchased a new position in AST SpaceMobile in the third quarter worth about $25,000. Atlantic Union Bankshares Corp bought a new stake in shares of AST SpaceMobile during the second quarter valued at approximately $28,000. Harvest Fund Management Co. Ltd purchased a new position in AST SpaceMobile in the 3rd quarter worth approximately $29,000. Geneos Wealth Management Inc. raised its holdings in AST SpaceMobile by 225.0% in 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 last quarter. Finally, Binnacle Investments Inc bought a new position in AST SpaceMobile in the 2nd quarter valued at approximately $33,000. 60.95% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have commented on ASTS. Barclays lowered AST SpaceMobile from an "overweight" rating to an "underweight" rating and set a $60.00 price objective for the company. in a research report on Friday, October 17th. Weiss Ratings reissued a "sell (d-)" rating on shares of AST SpaceMobile in a research report on Monday, December 22nd. Scotiabank raised shares of AST SpaceMobile from a "sector underperform" rating to a "sector perform" rating and set a $45.60 price objective on the stock in a research note on Monday, November 24th. Zacks Research downgraded shares of AST SpaceMobile from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 21st. Finally, UBS Group lowered shares of AST SpaceMobile from a "buy" rating to a "neutral" rating and lowered their target price for the company from $62.00 to $43.00 in a report on Tuesday, September 9th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, AST SpaceMobile currently has a consensus rating of "Hold" and an average price target of $45.66.
Read Our Latest Stock Report on AST SpaceMobile
AST SpaceMobile Company Profile
(
Get Free Report)
AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company's core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.
AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.
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