AST SpaceMobile (ASTS) Projected to Post Earnings on Wednesday

AST SpaceMobile (NASDAQ:ASTS) will likely be announcing its Q1 2025 earnings results before the market opens on Wednesday, May 21st. Analysts expect the company to announce earnings of ($0.15) per share for the quarter.

AST SpaceMobile (NASDAQ:ASTS) last issued its quarterly earnings results on Monday, May 12th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.03). The company had revenue of $0.72 million during the quarter, compared to analysts’ expectations of $3.85 million. On average, analysts expect AST SpaceMobile to post $0 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

AST SpaceMobile Trading Down 7.7%

Shares of ASTS opened at $24.61 on Tuesday. The stock has a 50-day moving average price of $24.33 and a 200 day moving average price of $24.51. AST SpaceMobile has a one year low of $4.00 and a one year high of $39.08. The company has a market capitalization of $7.79 billion, a P/E ratio of -11.61 and a beta of 2.05. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.80 and a current ratio of 5.80.

Insider Transactions at AST SpaceMobile

In other news, CTO Huiwen Yao sold 55,000 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $26.82, for a total value of $1,475,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julio A. Torres sold 20,000 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $30.73, for a total value of $614,600.00. Following the completion of the sale, the director now owns 52,628 shares of the company’s stock, valued at $1,617,258.44. The trade was a 27.54% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 34.15% of the company’s stock.

Institutional Trading of AST SpaceMobile

A number of hedge funds have recently modified their holdings of ASTS. AQR Capital Management LLC lifted its holdings in shares of AST SpaceMobile by 11.8% in the first quarter. AQR Capital Management LLC now owns 34,548 shares of the company’s stock valued at $786,000 after purchasing an additional 3,642 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of AST SpaceMobile by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,764 shares of the company’s stock worth $1,814,000 after acquiring an additional 3,515 shares in the last quarter. Millennium Management LLC raised its holdings in shares of AST SpaceMobile by 16.1% during the first quarter. Millennium Management LLC now owns 467,626 shares of the company’s stock worth $10,634,000 after acquiring an additional 64,989 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of AST SpaceMobile by 18.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 325,621 shares of the company’s stock worth $7,405,000 after acquiring an additional 49,811 shares in the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

Wall Street Analyst Weigh In

ASTS has been the topic of a number of research reports. Oppenheimer initiated coverage on AST SpaceMobile in a research report on Monday, May 5th. They set a “market perform” rating on the stock. Roth Capital started coverage on AST SpaceMobile in a research note on Thursday, April 10th. They set a “buy” rating and a $42.00 price target for the company. Scotiabank decreased their price target on AST SpaceMobile from $47.90 to $45.40 and set a “sector outperform” rating for the company in a research note on Tuesday, May 13th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $30.00 price target on shares of AST SpaceMobile in a research note on Tuesday, March 4th. Finally, UBS Group increased their price target on AST SpaceMobile from $31.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, AST SpaceMobile presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.40.

AST SpaceMobile Company Profile

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.