AST SpaceMobile, Inc. (ASTS) ended the recent trading session at $103.50, demonstrating a -7.95% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 1.16%. At the same time, the Dow added 1.21%, and the tech-heavy Nasdaq gained 1.18%.
The company's stock has climbed by 31.25% in the past month, exceeding the Computer and Technology sector's loss of 1.07% and the S&P 500's loss of 0.42%.
The upcoming earnings release of AST SpaceMobile, Inc. will be of great interest to investors. The company is forecasted to report an EPS of -$0.17, showcasing a 41.67% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $38.27 million, up 1893.02% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.06 per share and revenue of $54.87 million. These totals would mark changes of -60.61% and 0%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for AST SpaceMobile, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. AST SpaceMobile, Inc. is holding a Zacks Rank of #3 (Hold) right now.
The Wireless Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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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