Cantor Fitzgerald Estimates AST SpaceMobile FY2025 Earnings

AST SpaceMobile, Inc. (NASDAQ:ASTS) – Research analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for shares of AST SpaceMobile in a research report issued on Thursday, February 6th. Cantor Fitzgerald analyst C. Canfield anticipates that the company will earn ($1.10) per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $30.00 price objective on the stock. The consensus estimate for AST SpaceMobile’s current full-year earnings is ($0.40) per share.

A number of other equities research analysts also recently commented on the stock. UBS Group lifted their target price on shares of AST SpaceMobile from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Scotiabank cut their price objective on AST SpaceMobile from $44.70 to $40.20 and set a “sector outperform” rating for the company in a report on Friday, January 24th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $40.04.

AST SpaceMobile Stock Performance

Shares of ASTS stock opened at $31.14 on Monday. The firm has a market capitalization of $9.02 billion, a PE ratio of -14.69 and a beta of 1.62. The company has a 50 day moving average price of $22.71 and a 200-day moving average price of $24.61. AST SpaceMobile has a 52 week low of $1.97 and a 52 week high of $39.08. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.31.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ASTS. Amalgamated Bank increased its stake in shares of AST SpaceMobile by 17.4% in the 3rd quarter. Amalgamated Bank now owns 4,578 shares of the company’s stock worth $120,000 after purchasing an additional 679 shares in the last quarter. Fairfield Financial Advisors LTD bought a new stake in AST SpaceMobile during the third quarter valued at about $26,000. Hollencrest Capital Management purchased a new stake in AST SpaceMobile in the third quarter worth about $26,000. Americana Partners LLC raised its stake in shares of AST SpaceMobile by 5.2% in the fourth quarter. Americana Partners LLC now owns 27,047 shares of the company’s stock worth $571,000 after buying an additional 1,326 shares during the period. Finally, Axxcess Wealth Management LLC lifted its position in shares of AST SpaceMobile by 16.7% during the 4th quarter. Axxcess Wealth Management LLC now owns 10,562 shares of the company’s stock valued at $223,000 after buying an additional 1,508 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

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.