Streetbeat News

ASTS

AST SpaceMobile, Inc.

https://ast-science.com

Industry

Communication Equipment

AST SpaceMobile, Inc. operates space-based cellular broadband network for mobile phones. Its SpaceMobile service provides mobile broadband services for users traveling in and out of areas without terrestrial mobile services on land, at sea, or in flight. The company is headquartered in Midland, Texas.

Open

25.55

Mkt cap

6.9B

Volume

919K

High

26.11

P/E Ratio

-10.86

52-wk high

39.08

Low

24.48

Div yield

N/A

52-wk low

1.97

In Wednesday's pre-market session, several Communication Services stocks showed notable movements. Gainers included Chicken Soup for the Soul (CSSE), FingerMotion (FNGR), GD Culture Group (GDC), AST SpaceMobile (ASTS), Fluent (FLNT), and Clear Channel Outdoor (CCO), with increases ranging from 4.45% to 6.6%. Losers were HWH International (HWH), Gaxos.AI (GXAI), SPAR Group (SGRP), Innovid (CTV), Anghami (ANGH), and MoneyHero (MNY), with declines between 4.06% and 18.2%. Notably, ASTS, FLNT, and SGRP had recent Q4 earnings reports.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 12:09 pm

Stryve Foods shares plummeted by 25% due to a significant fourth-quarter revenue miss. Other stocks experienced notable movements, with VivoPower International surging 315% after announcing a merger, and Acorda Therapeutics dropping 83.5% following a Chapter 11 bankruptcy filing. Various companies reported financial results, mergers, and other significant updates affecting their stock prices.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 5:23 pm

Scotiabank analyst Andres Coello maintains a Sector Outperform rating on AST SpaceMobile (NASDAQ:ASTS) but lowers the price target from $7.5 to $7.4.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 3:23 pm

AST SpaceMobile's shares dropped following the announcement of Q4 earnings per share (EPS) results that fell short of expectations.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 11:32 am

AST SpaceMobile (NASDAQ:ASTS) reported Q4 earnings with a significant miss on estimated earnings by -52.0%, posting an EPS of $-0.35 against an estimate of $-0.23. Revenue remained unchanged from the same period last year. Despite a past performance of missing EPS estimates last quarter followed by a 24.0% share price increase, this report presents a stark contrast.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 9:45 pm

AST SpaceMobile (NASDAQ:ASTS) reported Q4 losses of $(0.35) per share, missing the consensus estimate of $(0.23) by 52.17%. This represents a 150% increase in losses compared to $(0.14) per share from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:31 pm

AST SpaceMobile reported a fiscal year loss per share of $(1.07), compared to last year's loss of $(0.58).

Portfolio Pulse from Benzinga Newsdesk

April 01, 2024 | 8:27 pm

Numerous companies are scheduled to report their quarterly earnings on April 1, 2024, with a mix of projected profits and losses across various sectors. Notable mentions include Mach Natural Resources with expected earnings of $0.92 per share, Sigma Lithium with $0.18 per share, and PVH Corp with a significant $3.53 per share. Conversely, companies like Enservco and Nano X Imaging are anticipating losses. This diverse earnings landscape provides a broad view of the financial health across different industries.

Portfolio Pulse from Benzinga Insights

April 01, 2024 | 9:13 am

AST SpaceMobile, Inc. (NASDAQ:ASTS) has updated its satellite constellation filing with the ITU and FCC, aligning its planned commercial satellites under U.S. jurisdiction. This move is part of AST SpaceMobile's strategy to build the first space-based cellular broadband network accessible by smartphones. The company, benefiting from U.S. regulatory frameworks, has secured investments from AT&T, Google, and Vodafone, and a contract with the U.S. Government. It has partnerships with over 40 mobile operators globally.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 4:17 pm

UBS analyst Christopher Schoell initiates coverage on AST SpaceMobile (NASDAQ:ASTS) with a Buy rating and a price target of $7.

Portfolio Pulse from Benzinga Newsdesk

March 08, 2024 | 9:39 am

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