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AST SpaceMobile, Inc. (ASTS) Suffers a Larger Drop Than the General Market: Key Insights
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AST SpaceMobile, Inc. (ASTS - Free Report) ended the recent trading session at $73.19, demonstrating a -9.26% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.37%. On the other hand, the Dow registered a gain of 0.29%, and the technology-centric Nasdaq decreased by 1.33%.
Prior to today's trading, shares of the company had lost 23.81% lagged the Computer and Technology sector's gain of 4.52% and the S&P 500's gain of 2.02%.
Market participants will be closely following the financial results of AST SpaceMobile, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.28, reflecting a 31.71% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $34.32 million, reflecting a 2858.28% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.47 per share and revenue of $164.76 million. These totals would mark changes of -9.7% and +132.32%, respectively, from last year.
Any recent changes to analyst estimates for AST SpaceMobile, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, AST SpaceMobile, Inc. possesses a Zacks Rank of #4 (Sell).
The Wireless Equipment industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 215, this industry ranks in the bottom 12% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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AST SpaceMobile, Inc. (ASTS) Suffers a Larger Drop Than the General Market: Key Insights
AST SpaceMobile, Inc. (ASTS - Free Report) ended the recent trading session at $73.19, demonstrating a -9.26% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.37%. On the other hand, the Dow registered a gain of 0.29%, and the technology-centric Nasdaq decreased by 1.33%.
Prior to today's trading, shares of the company had lost 23.81% lagged the Computer and Technology sector's gain of 4.52% and the S&P 500's gain of 2.02%.
Market participants will be closely following the financial results of AST SpaceMobile, Inc. in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.28, reflecting a 31.71% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $34.32 million, reflecting a 2858.28% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of -$1.47 per share and revenue of $164.76 million. These totals would mark changes of -9.7% and +132.32%, respectively, from last year.
Any recent changes to analyst estimates for AST SpaceMobile, Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, AST SpaceMobile, Inc. possesses a Zacks Rank of #4 (Sell).
The Wireless Equipment industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 215, this industry ranks in the bottom 12% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.