Key Points
- CFO Andrew Martin Johnson sold 5,000 shares of AST SpaceMobile at an average price of $90.25, totaling about $451,250. After the sale, he still held 565,805 shares valued at roughly $51.1 million.
- AST SpaceMobile shares were up 7.4% and opened at $96.23, giving the company a market cap of $36.76 billion. The stock has traded between $22.47 and $129.89 over the past year.
- Recent fundamentals and sentiment remain mixed: the company posted a wider-than-expected quarterly loss and lower-than-expected revenue, but it is also drawing bullish attention from new product launches, partnerships, and investor interest in space stocks.
AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) CFO Andrew Martin Johnson sold 5,000 shares of the company's stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $90.25, for a total transaction of $451,250.00. Following the completion of the transaction, the chief financial officer directly owned 565,805 shares of the company's stock, valued at $51,063,901.25. This represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
AST SpaceMobile Trading Up 7.4%
Shares of AST SpaceMobile stock opened at $96.23 on Friday. The company has a market capitalization of $36.76 billion, a P/E ratio of -54.06 and a beta of 2.60. The company has a debt-to-equity ratio of 1.11, a quick ratio of 18.37 and a current ratio of 18.47. The company has a fifty day moving average of $84.65 and a 200 day moving average of $83.31. AST SpaceMobile, Inc. has a fifty-two week low of $22.47 and a fifty-two week high of $129.89.
AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last issued its 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). The firm had revenue of $14.74 million during the quarter, compared to the consensus estimate of $39.01 million. AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The company's quarterly revenue was up 1952.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.20) EPS. On average, sell-side analysts anticipate that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current fiscal year.
AST SpaceMobile News Roundup
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: Defiance launched ASTY, a 2X long ETF tied to AST SpaceMobile, underscoring strong trader demand for bullish exposure to ASTS. Defiance Launches ASTY: The 2X Long ETF for AST SpaceMobile, Inc.
- Positive Sentiment: AST SpaceMobile is benefiting from broader interest in space stocks as the SpaceX IPO story boosts valuations across launch, satellite, and AI infrastructure names. SpaceX IPO Filing Is Moving Rocket Lab, CoreWeave, and Other Stocks
- Positive Sentiment: Orange announced new partnerships with AST SpaceMobile to expand direct-to-cell satellite services, including trials in Romania, reinforcing commercial momentum for its network. Orange Satellite And Cyber Moves Add New Angles To Valuation Story
- Positive Sentiment: The company also received support from industry commentary highlighting its FCC approval to provide commercial direct-to-device service in the U.S. and its position as a major beneficiary of rising satellite telecom demand. Forget SpaceX. These 2 Space Stocks Could Be the Real Winners Of the Coming IPO Frenzy
- Neutral Sentiment: Multiple articles focused on ASTS’ sharp long-term run and valuation, suggesting investors are weighing whether the stock’s strong momentum has already priced in a lot of future growth. Is It Too Late To Consider AST SpaceMobile (ASTS) After Its Recent 17x Three Year Surge?
- Negative Sentiment: CFO Andrew Martin Johnson sold 5,000 shares, a small insider sale that may add a bit of caution for some investors, though the position remains largely intact. SEC insider filing
Analyst Upgrades and Downgrades
Several brokerages have commented on ASTS. Zacks Research upgraded shares of AST SpaceMobile from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft set a $117.00 price target on shares of AST SpaceMobile in a research note on Wednesday, April 15th. Barclays boosted their price target on shares of AST SpaceMobile from $60.00 to $65.00 and gave the stock an "underweight" rating in a research note on Thursday, April 9th. Roth Mkm reiterated a "buy" rating and issued a $108.00 price target on shares of AST SpaceMobile in a research note on Tuesday, May 12th. Finally, New Street Research began coverage on shares of AST SpaceMobile in a research note on Wednesday, May 13th. They issued a "neutral" rating and a $80.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $79.45.
Read Our Latest Research Report on AST SpaceMobile
Hedge Funds Weigh In On AST SpaceMobile
A number of hedge funds have recently added to or reduced their stakes in the stock. Western Wealth Management LLC grew its stake in AST SpaceMobile by 105.3% in the 1st quarter. Western Wealth Management LLC now owns 9,961 shares of the company's stock worth $825,000 after acquiring an additional 5,108 shares in the last quarter. Bank of America Corp DE grew its stake in AST SpaceMobile by 140.3% in the 1st quarter. Bank of America Corp DE now owns 1,644,246 shares of the company's stock worth $136,259,000 after acquiring an additional 960,045 shares in the last quarter. Amundi grew its stake in AST SpaceMobile by 79.7% in the 1st quarter. Amundi now owns 223,765 shares of the company's stock worth $18,543,000 after acquiring an additional 99,236 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in AST SpaceMobile by 251.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 721 shares of the company's stock worth $60,000 after acquiring an additional 516 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in AST SpaceMobile by 26.5% in the 1st quarter. California State Teachers Retirement System now owns 261,676 shares of the company's stock worth $21,685,000 after acquiring an additional 54,887 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.
About AST SpaceMobile
(
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.
Further Reading
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