B. Riley Forecasts Reduced Earnings for AST SpaceMobile

AST SpaceMobile, Inc. (NASDAQ:ASTS) – B. Riley decreased their FY2025 earnings per share estimates for AST SpaceMobile in a report released on Wednesday, March 5th. B. Riley analyst M. Crawford now expects that the company will post earnings of ($0.49) per share for the year, down from their prior estimate of ($0.20). 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 FY2026 earnings at ($0.32) EPS.

Other analysts have also issued research reports about the company. UBS Group boosted their price target on AST SpaceMobile from $31.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday. Scotiabank boosted their price objective on AST SpaceMobile from $40.20 to $47.90 and gave the company a “sector outperform” rating in a research report on Wednesday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $30.00 target price on shares of AST SpaceMobile in a research report on Tuesday. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $42.98.

AST SpaceMobile Stock Up 3.8 %

AST SpaceMobile stock opened at $33.40 on Friday. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.31. AST SpaceMobile has a 12 month low of $1.97 and a 12 month high of $39.08. The firm has a market cap of $9.68 billion, a price-to-earnings ratio of -15.75 and a beta of 1.62. The stock has a fifty day simple moving average of $24.72 and a two-hundred day simple moving average of $25.58.

Institutional Investors Weigh In On AST SpaceMobile

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of AST SpaceMobile by 235.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 247,781 shares of the company’s stock valued at $6,479,000 after acquiring an additional 174,007 shares during the period. Van ECK Associates Corp grew its position in shares of AST SpaceMobile by 141.1% during the 3rd 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 acquired a new stake in shares of AST SpaceMobile during the 3rd quarter valued at about $768,000. Handelsbanken Fonder AB acquired a new stake in shares of AST SpaceMobile during the 4th quarter valued at about $755,000. Finally, Oppenheimer & Co. Inc. lifted its stake in AST SpaceMobile by 6.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 846,072 shares of the company’s stock valued at $22,125,000 after buying an additional 47,600 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

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.