AST SpaceMobile, Inc. (ASTS) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to a loss of $0.14 per share a year ago.
AST SpaceMobile's Q2 earnings are expected to be affected by macroeconomic headwinds, growing operating expenses and geopolitical volatility.
In the most recent trading session, AST SpaceMobile, Inc. (ASTS) closed at $51.79, indicating a -1.48% shift from the previous trading day.
AST SpaceMobile (ASTS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
AST SpaceMobile, Inc. is executing on government contracts and expects to begin commercial network offerings towards the end of eFY26. Despite operational progress and revenue ramp from government deals, capital costs and dilution risks remain high as the constellation is built out. ASTS' stock valuation is stretched at 2534x price/sales, even on forward estimates, with shares still trading at 188x price/sales for eFY25, far above reasonable levels.
AST SpaceMobile, Inc. (ASTS) closed at $53.17 in the latest trading session, marking a -2.06% move from the prior day.
ASTS and GSAT are intriguing satellite connectivity plays with significant growth prospects.
Shares of AST SpaceMobile NASDAQ: ASTS ignited a powerful rally, surging to new highs after the company announced a definitive agreement with a U.S. government prime contractor on July 18.
Key Points in This Article: AST SpaceMobile's (ASTS) stock has surged due to its innovative satellite-to-smartphone technology and partnerships with major telecoms, targeting a massive global market.
ASTS is outpacing VSAT in share gains and long-term growth prospects, despite challenges in valuation and competition.
AST SpaceMobile, Inc. (ASTS) closed at $52.63 in the latest trading session, marking a +2.95% move from the prior day.
The latest trading day saw AST SpaceMobile, Inc. (ASTS) settling at $42.5, representing a -6.51% change from its previous close.