AST SpaceMobile (ASTS) to Release Earnings on Monday

AST SpaceMobile (NASDAQ:ASTS) will likely be posting its quarterly earnings results on Monday, March 3rd. Analysts expect AST SpaceMobile to post earnings of ($0.18) per share and revenue of $2.38 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

AST SpaceMobile Stock Down 9.5 %

ASTS stock opened at $28.64 on Monday. The stock has a market capitalization of $8.30 billion, a P/E ratio of -13.51 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.80 and a current ratio of 5.80. AST SpaceMobile has a one year low of $1.97 and a one year high of $39.08. The company has a 50 day moving average price of $23.87 and a two-hundred day moving average price of $25.32.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Scotiabank lowered their target price on shares of AST SpaceMobile from $44.70 to $40.20 and set a “sector outperform” rating for the company in a research note on Friday, January 24th. UBS Group lifted their price target on shares of AST SpaceMobile from $30.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 15th. Finally, Cantor Fitzgerald assumed coverage on shares of AST SpaceMobile in a report on Thursday, February 6th. They issued an “overweight” rating and a $30.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $40.04.

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.