AST SpaceMobile, Inc. (NASDAQ:ASTS) Receives Average Rating of “Reduce” from Analysts

AST SpaceMobile, Inc. (NASDAQ:ASTS) has received an average rating of “Reduce” from the eleven analysts that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $81.3250.

Several equities research analysts recently issued reports on the stock. New Street Research set a $106.00 price objective on shares of AST SpaceMobile in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft cut shares of AST SpaceMobile from a “buy” rating to a “hold” rating and cut their price objective for the stock from $117.00 to $106.00 in a research report on Friday, May 29th. UBS Group cut their price objective on shares of AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Barclays raised their price objective on shares of AST SpaceMobile from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, April 9th. Finally, B. Riley Financial lifted their price target on shares of AST SpaceMobile from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th.

Key AST SpaceMobile News

Here are the key news stories impacting AST SpaceMobile this week:

• Positive Sentiment: Some commentary remains constructive on AST SpaceMobile’s long-term potential, highlighting its direct-to-smartphone satellite connectivity model, nearly 60 mobile network operator partners, and a large deployment pipeline that could support a move toward $150 by 2027. Prediction: Can AST SpaceMobile Soar to $150 by 2027?
• Positive Sentiment: Earlier in the week, ASTS also benefited from bullish sector momentum after BlueBird launch timing was confirmed for June 17, reinforcing the view that near-term catalysts still exist despite Friday’s pullback. AST SpaceMobile Stock Climbs Ahead of SpaceX IPO As BlueBird Launch Date Confirmed for June 17
• Neutral Sentiment: Analysts and market commentary are framing the move as largely sentiment-driven rather than based on fresh company-specific operating news, with SpaceX IPO excitement lifting and then pressuring comparable space stocks throughout the session. SpaceX, Tesla, EchoStar, and More Stocks That Explain Today’s Market
• Negative Sentiment: AST SpaceMobile shares are being hit in a broad space-sector reset, with one report describing the stock as down sharply alongside Virgin Galactic and Rocket Lab as investors reassess valuations after the SpaceX debut. Virgin Galactic Craters 24%, Rocket Lab Drops 8%, AST SpaceMobile Falls 10% as SpaceX Hype Triggers a Space-Stock Shakeout
• Negative Sentiment: Short-seller criticism of space stocks is adding pressure to ASTS by reinforcing concerns that many of the sector’s growth expectations are too speculative in the wake of SpaceX’s public trading debut. Space Stocks Get Torched: Short Seller Calls Them ‘Sci-Fi Wishes’

AST SpaceMobile Price Performance

AST SpaceMobile stock opened at $82.41 on Tuesday. AST SpaceMobile has a 12-month low of $36.08 and a 12-month high of $133.86. The stock has a market cap of $31.98 billion, a P/E ratio of -46.30 and a beta of 2.70. The company has a 50-day moving average price of $90.42 and a 200 day moving average price of $87.92. 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 (NASDAQ:ASTS) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.43). AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The firm had revenue of $14.74 million for the quarter, compared to analyst estimates of $39.01 million. During the same quarter in the previous year, the business posted ($0.20) earnings per share. AST SpaceMobile’s revenue for the quarter was up 1952.2% on a year-over-year basis. Sell-side analysts anticipate that AST SpaceMobile will post -1.47 earnings per share for the current year.

Insider Activity at AST SpaceMobile

In other AST SpaceMobile news, Director Julio A. Torres sold 15,000 shares of AST SpaceMobile stock in a transaction dated 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 in the company, valued at $3,300,865.26. This trade represents a 25.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Andrew Martin Johnson sold 45,809 shares of AST SpaceMobile stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $93.81, for a total transaction of $4,297,342.29. Following the sale, the chief financial officer owned 503,619 shares of the company’s stock, valued at approximately $47,244,498.39. This represents a 8.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,185,809 shares of company stock valued at $284,200,492 in the last ninety days. Insiders own 20.89% of the company’s stock.

Institutional Investors Weigh In On AST SpaceMobile

Institutional investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC increased its position in shares of AST SpaceMobile by 16,350.0% during the first quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock valued at $27,000 after acquiring an additional 327 shares during the last quarter. Crewe Advisors LLC acquired a new stake in shares of AST SpaceMobile during the fourth quarter valued at about $25,000. Laurel Wealth Advisors LLC acquired a new stake in shares of AST SpaceMobile during the fourth quarter valued at about $25,000. Portus Wealth Advisors LLC acquired a new stake in shares of AST SpaceMobile during the first quarter valued at about $30,000. Finally, Advocate Investing Services LLC acquired a new stake in shares of AST SpaceMobile during the first quarter valued at about $31,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.

AST SpaceMobile Company Profile

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.