AST SpaceMobile, Inc. (NASDAQ:ASTS – Free Report) – B. Riley reduced their FY2023 earnings per share estimates for AST SpaceMobile in a research note issued on Wednesday, November 15th. B. Riley analyst M. Crawford now expects that the company will post earnings per share of ($0.91) for the year, down from their prior forecast of ($0.87). The consensus estimate for AST SpaceMobile’s current full-year earnings is ($0.87) per share. B. Riley also issued estimates for AST SpaceMobile’s Q4 2023 earnings at ($0.21) EPS, Q1 2024 earnings at ($0.19) EPS, Q2 2024 earnings at ($0.19) EPS, Q3 2024 earnings at ($0.18) EPS, Q4 2024 earnings at ($0.16) EPS, FY2024 earnings at ($0.71) EPS and FY2025 earnings at ($0.17) EPS.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last posted its earnings results on Tuesday, August 15th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.05).
AST SpaceMobile Price Performance
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in shares of AST SpaceMobile by 357.3% during the third quarter. Royal Bank of Canada now owns 3,576 shares of the company’s stock valued at $26,000 after purchasing an additional 2,794 shares during the last quarter. Bartlett & Co. LLC bought a new stake in AST SpaceMobile in the second quarter worth $27,000. Tower Research Capital LLC TRC boosted its holdings in AST SpaceMobile by 120.6% in the third quarter. Tower Research Capital LLC TRC now owns 7,128 shares of the company’s stock worth $27,000 after acquiring an additional 3,897 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of AST SpaceMobile in the second quarter worth $34,000. Finally, UBS Group AG increased its holdings in shares of AST SpaceMobile by 45.3% during the first quarter. UBS Group AG now owns 4,222 shares of the company’s stock valued at $42,000 after acquiring an additional 1,316 shares in the last quarter. 54.53% of the stock is currently owned by institutional investors.
About AST SpaceMobile
AST SpaceMobile, Inc, together with its subsidiaries, operates space-based cellular broadband network for mobile phones in the United States. Its SpaceMobile service provides mobile broadband services to end-users who are out of terrestrial cellular coverage. AST SpaceMobile, Inc was founded in 2017 and is based in Midland, Texas.
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