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AST SpaceMobile (ASTS) Up 34.5% Since Last Earnings Report: Can It Continue?
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A month has gone by since the last earnings report for AST SpaceMobile, Inc. (ASTS - Free Report) . Shares have added about 34.5% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is AST SpaceMobile due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -5.48% due to these changes.
VGM Scores
Currently, AST SpaceMobile has a poor Growth Score of F, a grade with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, AST SpaceMobile has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
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AST SpaceMobile (ASTS) Up 34.5% Since Last Earnings Report: Can It Continue?
A month has gone by since the last earnings report for AST SpaceMobile, Inc. (ASTS - Free Report) . Shares have added about 34.5% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is AST SpaceMobile due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended downward during the past month.
The consensus estimate has shifted -5.48% due to these changes.
VGM Scores
Currently, AST SpaceMobile has a poor Growth Score of F, a grade with the same score on the momentum front. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, AST SpaceMobile has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.