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AST SpaceMobile, Inc. (ASTS) Stock Slides as Market Rises: Facts to Know Before You Trade
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AST SpaceMobile, Inc. (ASTS - Free Report) closed the most recent trading day at $80.64, moving -5.27% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.72%. Elsewhere, the Dow saw an upswing of 0.3%, while the tech-heavy Nasdaq appreciated by 1.12%.
Coming into today, shares of the company had lost 9.05% in the past month. In that same time, the Computer and Technology sector lost 6.12%, while the S&P 500 lost 0.9%.
Market participants will be closely following the financial results of AST SpaceMobile, Inc. in its upcoming release. The company is predicted to post an EPS of -$0.28, indicating a 31.71% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $34.32 million, indicating a 2858.28% increase compared to the same quarter of the previous year.
ASTS's full-year Zacks Consensus Estimates are calling for earnings of -$1.47 per share and revenue of $164.76 million. These results would represent year-over-year changes of -9.7% and +132.32%, respectively.
Investors should also note any recent changes to analyst estimates for AST SpaceMobile, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. AST SpaceMobile, Inc. currently has 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 198, this industry ranks in the bottom 20% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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AST SpaceMobile, Inc. (ASTS) Stock Slides as Market Rises: Facts to Know Before You Trade
AST SpaceMobile, Inc. (ASTS - Free Report) closed the most recent trading day at $80.64, moving -5.27% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.72%. Elsewhere, the Dow saw an upswing of 0.3%, while the tech-heavy Nasdaq appreciated by 1.12%.
Coming into today, shares of the company had lost 9.05% in the past month. In that same time, the Computer and Technology sector lost 6.12%, while the S&P 500 lost 0.9%.
Market participants will be closely following the financial results of AST SpaceMobile, Inc. in its upcoming release. The company is predicted to post an EPS of -$0.28, indicating a 31.71% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $34.32 million, indicating a 2858.28% increase compared to the same quarter of the previous year.
ASTS's full-year Zacks Consensus Estimates are calling for earnings of -$1.47 per share and revenue of $164.76 million. These results would represent year-over-year changes of -9.7% and +132.32%, respectively.
Investors should also note any recent changes to analyst estimates for AST SpaceMobile, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. AST SpaceMobile, Inc. currently has 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 198, this industry ranks in the bottom 20% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.