Key Points
- AST SpaceMobile President Scott Wisniewski sold 25,904 shares on May 27 at an average price of $126.64, generating about $3.28 million. After the sale, he still held 745,973 shares valued at roughly $94.47 million.
- The stock has surged to near its 12-month high, opening at $129.60 with a market cap of $50.3 billion, despite the company’s recent quarterly loss and revenue that missed analyst estimates.
- Investor sentiment remains mixed: bullish attention is coming from launch plans, satellite-growth prospects, and telecom partnerships, but analysts also point to valuation risk, debt, and dilution concerns, with consensus currently at “Reduce.”
AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) President Scott Wisniewski sold 25,904 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $126.64, for a total value of $3,280,482.56. Following the completion of the transaction, the president owned 745,973 shares of the company's stock, valued at $94,470,020.72. The trade was a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
AST SpaceMobile Price Performance
ASTS opened at $129.60 on Thursday. The stock has a market capitalization of $50.30 billion, a P/E ratio of -72.81 and a beta of 2.60. The company has a current ratio of 18.47, a quick ratio of 18.37 and a debt-to-equity ratio of 1.11. AST SpaceMobile, Inc. has a 12-month low of $22.47 and a 12-month high of $131.20. The stock has a 50-day moving average price of $86.86 and a 200-day moving average price of $84.60.
AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported ($0.66) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.43). The business 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 revenue was up 1952.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.20) earnings per share. Equities analysts predict that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current fiscal year.
Key AST SpaceMobile News
Here are the key news stories impacting AST SpaceMobile this week:
Analyst Ratings Changes
ASTS has been the subject of several recent research reports. Weiss Ratings reissued a "sell (d-)" rating on shares of AST SpaceMobile in a research note on Friday, March 27th. Roth Mkm reiterated a "buy" rating and issued a $108.00 price objective on shares of AST SpaceMobile in a report on Tuesday, May 12th. B. Riley Financial lifted their price objective on AST SpaceMobile from $75.00 to $85.00 and gave the stock a "neutral" rating in a report on Tuesday, May 12th. UBS Group decreased their price objective on AST SpaceMobile from $85.00 to $80.00 and set a "neutral" rating on the stock in a report on Tuesday, May 12th. Finally, New Street Research initiated coverage on AST SpaceMobile in a report on Wednesday, May 13th. They issued a "neutral" rating and a $80.00 price objective on the stock. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, AST SpaceMobile presently has a consensus rating of "Reduce" and an average price target of $79.45.
Get Our Latest Report on ASTS
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its holdings in shares of AST SpaceMobile by 48.0% during the third quarter. Oppenheimer & Co. Inc. now owns 532,960 shares of the company's stock worth $26,158,000 after purchasing an additional 172,759 shares during the period. Mutual Advisors LLC purchased a new stake in shares of AST SpaceMobile during the third quarter worth about $1,882,000. KPP Advisory Services LLC purchased a new stake in shares of AST SpaceMobile during the fourth quarter worth about $1,649,000. M&T Bank Corp boosted its holdings in shares of AST SpaceMobile by 1,062.9% during the fourth quarter. M&T Bank Corp now owns 77,994 shares of the company's stock worth $5,665,000 after purchasing an additional 71,287 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of AST SpaceMobile by 28.0% during the third quarter. Jones Financial Companies Lllp now owns 31,580 shares of the company's stock worth $1,550,000 after purchasing an additional 6,901 shares during the period. Institutional investors own 60.95% of the company's stock.
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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