Cantor Fitzgerald Forecasts AST SpaceMobile FY2025 Earnings

AST SpaceMobile, Inc. (NASDAQ:ASTS) – Equities research analysts at Cantor Fitzgerald issued their FY2025 earnings estimates for shares of AST SpaceMobile in a 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 target on the stock. The consensus estimate for AST SpaceMobile’s current full-year earnings is ($0.40) per share.

Other analysts also recently issued research reports about the company. Scotiabank decreased their target price on AST SpaceMobile from $44.70 to $40.20 and set a “sector outperform” rating on the stock in a research note on Friday, January 24th. UBS Group lifted their price objective on shares of AST SpaceMobile from $30.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $40.04.

AST SpaceMobile Price Performance

NASDAQ:ASTS opened at $31.14 on Monday. The business’s 50-day simple moving average is $22.71 and its two-hundred day simple moving average is $24.61. AST SpaceMobile has a 52 week low of $1.97 and a 52 week high of $39.08. The stock has a market cap of $9.02 billion, a PE ratio of -14.69 and a beta of 1.62. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.31.

Hedge Funds Weigh In On AST SpaceMobile

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASTS. Fairfield Financial Advisors LTD bought a new stake in AST SpaceMobile in the 3rd quarter worth approximately $26,000. Hollencrest Capital Management purchased a new position in shares of AST SpaceMobile in the third quarter valued at $26,000. Golden State Wealth Management LLC bought a new stake in AST SpaceMobile in the fourth quarter worth $46,000. AlphaQuest LLC purchased a new stake in AST SpaceMobile during the fourth quarter valued at $67,000. Finally, Rakuten Securities Inc. bought a new position in AST SpaceMobile during the third quarter valued at $68,000. 60.95% of the stock is 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.