AST SpaceMobile (NASDAQ:ASTS – Get Free Report) announced its quarterly earnings results on Monday. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.06, Zacks reports.
AST SpaceMobile Stock Performance
AST SpaceMobile stock traded down $1.49 during midday trading on Monday, reaching $25.62. 14,969,407 shares of the company traded hands, compared to its average volume of 11,930,029. AST SpaceMobile has a 12 month low of $1.97 and a 12 month high of $39.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.80 and a quick ratio of 5.80. The business has a 50 day moving average of $24.21 and a two-hundred day moving average of $25.53. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of -12.08 and a beta of 1.62.
Analyst Ratings Changes
Several research analysts have recently issued reports on ASTS shares. Cantor Fitzgerald upgraded shares of AST SpaceMobile to a “strong-buy” rating in a research note on Tuesday, February 25th. Scotiabank lowered their price objective on AST SpaceMobile from $44.70 to $40.20 and set a “sector outperform” rating on the stock in a research report on Friday, January 24th. Finally, UBS Group lifted their target price on AST SpaceMobile from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, AST SpaceMobile has an average rating of “Buy” and an average target price of $40.04.
About AST SpaceMobile
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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