Q1 Earnings Estimate for AST SpaceMobile Issued By B. Riley
B. Riley analysts have issued Q1 2025 EPS estimates for AST SpaceMobile, forecasting a loss of $0.08 per share. The consensus for the full year is a loss of $0.40 per share. Other analysts have raised their price targets, with Scotiabank increasing it to $47.90 and UBS to $38.00. AST SpaceMobile's stock has seen significant activity, with a recent surge of 17% following analyst upgrades. The company, which focuses on space-based cellular broadband, has a market cap of $9.32 billion and is heavily owned by institutional investors.
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AST SpaceMobile, Inc. (NASDAQ:ASTS - Free Report) - Analysts at B. Riley issued their Q1 2025 EPS estimates for AST SpaceMobile in a research report issued on Wednesday, March 5th. B. Riley analyst M. Crawford anticipates that the company will post earnings of ($0.08) per share for the quarter. The consensus estimate for AST SpaceMobile's current full-year earnings is ($0.40) per share. B. Riley also issued estimates for AST SpaceMobile's Q2 2025 earnings at ($0.08) EPS, Q3 2025 earnings at ($0.06) EPS and Q4 2025 earnings at ($0.05) EPS.
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A number of other analysts have also commented on ASTS. Scotiabank boosted their price objective on shares of AST SpaceMobile from $40.20 to $47.90 and gave the stock a "sector outperform" rating in a research report on Wednesday. UBS Group boosted their price objective on shares of AST SpaceMobile from $31.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $30.00 price objective on shares of AST SpaceMobile in a research report on Tuesday. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $42.98.
- AST SpaceMobile Stock Surges 17% After Analyst Upgrade
Check Out Our Latest Report on ASTS
AST SpaceMobile Stock Performance
Shares of ASTS stock opened at $32.18 on Thursday. The company's fifty day simple moving average is $24.72 and its 200-day simple moving average is $25.58. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.31. The firm has a market cap of $9.32 billion, a PE ratio of -15.18 and a beta of 1.62. AST SpaceMobile has a 12 month low of $1.97 and a 12 month high of $39.08.
Hedge Funds Weigh In On AST SpaceMobile
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Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in shares of AST SpaceMobile by 235.9% in the third quarter. JPMorgan Chase & Co. now owns 247,781 shares of the company's stock valued at $6,479,000 after purchasing an additional 174,007 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of AST SpaceMobile by 141.1% in the third quarter. Van ECK Associates Corp now owns 103,437 shares of the company's stock valued at $2,716,000 after acquiring an additional 60,530 shares during the period. Algert Global LLC bought a new stake in shares of AST SpaceMobile in the third quarter valued at about $768,000. Handelsbanken Fonder AB bought a new stake in shares of AST SpaceMobile in the fourth quarter valued at about $755,000. Finally, Oppenheimer & Co. Inc. boosted its position in shares of AST SpaceMobile by 6.0% in the third quarter. Oppenheimer & Co. Inc. now owns 846,072 shares of the company's stock valued at $22,125,000 after acquiring an additional 47,600 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.
About AST SpaceMobile
(Get Free Report)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.
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