AST SpaceMobile, Inc. (ASTS) ended the recent trading session at $60.06, demonstrating a +1.93% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.07%. Meanwhile, the Dow lost 0.7%, and the Nasdaq, a tech-heavy index, added 0.18%.
The stock of company has risen by 17.91% in the past month, leading the Computer and Technology sector's gain of 8.22% and the S&P 500's gain of 5.71%.
The investment community will be paying close attention to the earnings performance of AST SpaceMobile, Inc. in its upcoming release. The company is expected to report EPS of -$0.19, down 35.71% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $5.15 million, indicating a 472.22% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$0.99 per share and a revenue of $62.5 million, indicating changes of -50% and +1314.58%, respectively, from the former year.
Any recent changes to analyst estimates for AST SpaceMobile, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0% lower. AST SpaceMobile, Inc. is holding a Zacks Rank of #4 (Sell) right now.
The Wireless Equipment industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 96, finds itself in the top 39% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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AST SpaceMobile, Inc. (ASTS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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