Key Points
- AST SpaceMobile director Julio Torres sold 15,000 shares on May 13 at an average price of $76.34, totaling about $1.15 million. His ownership fell by 25.76% to 43,239 shares.
- The stock was up 11% and opened Friday at $83.01, after trading between a 1-year low of $22.47 and a high of $129.89.
- Recent fundamentals and sentiment remain mixed: the company missed quarterly earnings and revenue estimates, and analysts’ consensus rating is currently “Reduce,” despite some higher price targets.
AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) Director Julio Torres sold 15,000 shares of AST SpaceMobile stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $76.34, for a total transaction of $1,145,100.00. Following the completion of the sale, the director directly owned 43,239 shares of the company's stock, valued at approximately $3,300,865.26. This trade represents a 25.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
AST SpaceMobile Trading Up 11.0%
ASTS opened at $83.01 on Friday. AST SpaceMobile, Inc. has a 1-year low of $22.47 and a 1-year high of $129.89. The company has a current ratio of 18.47, a quick ratio of 16.27 and a debt-to-equity ratio of 1.11. The company has a market cap of $31.71 billion, a P/E ratio of -46.63 and a beta of 2.60. The company has a fifty day moving average price of $85.08 and a two-hundred day moving average price of $82.95.
AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.43). AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The company had revenue of $14.74 million during the quarter, compared to the consensus estimate of $39.01 million. During the same period last year, the firm posted ($0.20) earnings per share. The company's revenue for the quarter was up 1952.2% on a year-over-year basis. Analysts predict that AST SpaceMobile, Inc. will post -1.47 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASTS. REAP Financial Group LLC purchased a new position in AST SpaceMobile during the third quarter worth about $25,000. Crewe Advisors LLC purchased a new position in AST SpaceMobile during the fourth quarter worth about $25,000. Laurel Wealth Advisors LLC purchased a new position in AST SpaceMobile during the fourth quarter worth about $25,000. Cornerstone Planning Group LLC boosted its holdings in AST SpaceMobile by 16,350.0% during the first quarter. Cornerstone Planning Group LLC now owns 329 shares of the company's stock worth $27,000 after purchasing an additional 327 shares during the last quarter. Finally, Byrne Asset Management LLC purchased a new position in AST SpaceMobile during the fourth quarter worth about $29,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities research analysts have weighed in on ASTS shares. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of AST SpaceMobile in a research note on Friday, March 27th. Zacks Research upgraded shares of AST SpaceMobile from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 4th. Wall Street Zen cut shares of AST SpaceMobile from a "sell" rating to a "strong sell" rating in a report on Wednesday, April 15th. B. Riley Financial lifted their price objective on shares of AST SpaceMobile from $75.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft set a $117.00 price objective on shares of AST SpaceMobile in a report on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average target price of $79.45.
Get Our Latest Research Report on AST SpaceMobile
Trending Headlines about AST SpaceMobile
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: AST SpaceMobile welcomed the announcement that AT&T, T-Mobile and Verizon are forming a satellite-to-phone joint venture to improve coverage in dead zones. Investors see this as validation of ASTS’s direct-to-device satellite connectivity market and a potential boost to future demand. Article Title
- Positive Sentiment: New Street Research launched coverage of the space economy and included AST SpaceMobile among the stocks it is tracking, which can draw more investor attention to the name and support trading interest. Article Title
- Neutral Sentiment: Analysts’ views remain mixed, but one new report says consensus has turned to “Reduce,” reflecting caution after ASTS’s recent earnings miss and ongoing execution concerns. Article Title
- Negative Sentiment: Director Julio A. Torres sold 15,000 shares at $76.34, a move that may be viewed as insider selling and could weigh on sentiment despite the remaining stake. Article Title
- Negative Sentiment: Post-earnings commentary continues to highlight a Q1 miss, darker consensus forecasts, and execution/competition risks, which reinforces concerns about AST SpaceMobile’s near-term fundamentals. Article Title
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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