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AST SpaceMobile, Inc. (ASTS) Stock Moves 2.91%: What You Should Know
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AST SpaceMobile, Inc. (ASTS - Free Report) closed the most recent trading day at $63.69, moving +2.91% from the previous trading session. Meanwhile, the Dow experienced a drop of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.45%.
Heading into today, shares of the company had lost 0.74% over the past month, lagging the Computer and Technology sector's gain of 6.18% and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of AST SpaceMobile, Inc. in its upcoming release. The company is expected to report EPS of -$0.39, up 13.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $45.19 million, up 206.57% from the year-ago period.
ASTS's full-year Zacks Consensus Estimates are calling for earnings of -$2.27 per share and revenue of $162.52 million. These results would represent year-over-year changes of -69.4% and +129.17%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for AST SpaceMobile, Inc. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. AST SpaceMobile, Inc. currently has a Zacks Rank of #3 (Hold).
The Wireless Equipment industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 75, placing it within the top 31% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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AST SpaceMobile, Inc. (ASTS) Stock Moves 2.91%: What You Should Know
AST SpaceMobile, Inc. (ASTS - Free Report) closed the most recent trading day at $63.69, moving +2.91% from the previous trading session. Meanwhile, the Dow experienced a drop of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.45%.
Heading into today, shares of the company had lost 0.74% over the past month, lagging the Computer and Technology sector's gain of 6.18% and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of AST SpaceMobile, Inc. in its upcoming release. The company is expected to report EPS of -$0.39, up 13.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $45.19 million, up 206.57% from the year-ago period.
ASTS's full-year Zacks Consensus Estimates are calling for earnings of -$2.27 per share and revenue of $162.52 million. These results would represent year-over-year changes of -69.4% and +129.17%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for AST SpaceMobile, Inc. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. AST SpaceMobile, Inc. currently has a Zacks Rank of #3 (Hold).
The Wireless Equipment industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 75, placing it within the top 31% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.