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AST SpaceMobile, Inc. (ASTS) Stock Sinks As Market Gains: Here's Why
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In the latest trading session, AST SpaceMobile, Inc. (ASTS - Free Report) closed at $57.04, marking a -3.09% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.2%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.04%.
The company's shares have seen a decrease of 5.67% over the last month, not keeping up with the Computer and Technology sector's gain of 4.78% and the S&P 500's loss of 0.35%.
Investors will be eagerly watching for the performance of AST SpaceMobile, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.39, showcasing a 13.33% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $45.19 million, indicating a 206.57% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$2.27 per share and a revenue of $162.52 million, representing changes of -69.4% and +129.17%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for AST SpaceMobile, Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. 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 113, this industry ranks in the top 46% of all industries, numbering over 250.
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 Sinks As Market Gains: Here's Why
In the latest trading session, AST SpaceMobile, Inc. (ASTS - Free Report) closed at $57.04, marking a -3.09% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.2%. On the other hand, the Dow registered a gain of 0.04%, and the technology-centric Nasdaq increased by 0.04%.
The company's shares have seen a decrease of 5.67% over the last month, not keeping up with the Computer and Technology sector's gain of 4.78% and the S&P 500's loss of 0.35%.
Investors will be eagerly watching for the performance of AST SpaceMobile, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of -$0.39, showcasing a 13.33% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $45.19 million, indicating a 206.57% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$2.27 per share and a revenue of $162.52 million, representing changes of -69.4% and +129.17%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for AST SpaceMobile, Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. 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 113, this industry ranks in the top 46% of all industries, numbering over 250.
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.