AST SpaceMobile, Inc. (NASDAQ:ASTS ) Q4 2024 Earnings Conference Call March 4, 2025 5:00 PM ET Company Participants Scott Wisniewski - President and Chief Strategy Officer Abel Avellan - Founder, Chairman and Chief Executive Officer Andrew Johnson - Chief Financial Officer and Chief Legal Officer Conference Call Participants Griffin Boss - B. Riley Securities Christopher Schoell - UBS Bryan Kraft - Deutsche Bank Colin Canfield - Cantor Fitzgerald Operator Good day and thank you for standing-by.
AST SpaceMobile has been attracting positive attention, boosted by launch milestones and a raft of partnerhips.
AST SpaceMobile (ASTS 17.32%) stock is posting huge gains in Tuesday's trading. The company's share price was up 18.5% as of 2:30 p.m.
ASTS reports modest fourth-quarter 2024 results driven by the successful deployment of the first five commercial satellites and multiple deal wins.
AST SpaceMobile (ASTS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
The mean of analysts' price targets for AST SpaceMobile (ASTS) points to a 28.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Shares of satellite-based cellular broadband services firm AST SpaceMobile Inc. NASDAQ: ASTS spiked by as much as almost 17% in morning trading on February 26, 2025, after analysts at Cantor Fitzgerald upgraded the company to a rating of Strong Buy the day prior and the firm announced its latest major contract.
With less than a week to go before earnings day, satellite communications start-up stock AST SpaceMobile (ASTS 14.29%) announced on Wednesday that it has won a $43 million subcontract on a Space Force award.
Access to premium mid-band spectrum assets is likely to help ASTS bridge the digital divide more effectively by providing ubiquitous connectivity.
AST SpaceMobile (ASTS -9.45%), a producer of low earth orbit (LEO) satellites for cellular networks, saw its stock soar more than 840% over the past 12 months. That rally was fueled by the launches of its first commercial satellites and new contracts.
The latest trading day saw AST SpaceMobile, Inc. (ASTS) settling at $31.17, representing a +0.87% change from its previous close.
Rivals for satellite cellphone service include Elon Musk's SpaceX, Apple, and Amazon.