AST SpaceMobile (Nasdaq:ASTS) - Stock Price, News & Analysis

ASTS Stock Overview

AST SpaceMobile, Inc., together with its subsidiaries, operates space-based cellular broadband network for mobile phones in the United States.

ASTS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	6/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Trading at 99.7% below our estimate of its fair value

Earnings are forecast to grow 84.11% per year

Risk Analysis

Has less than 1 year of cash runway

Shareholders have been diluted in the past year

Does not have meaningful revenue ($4M)

AST SpaceMobile, Inc. Competitors

Anterix

NasdaqCM:ATEX

US$585.7m

Bandwidth

NasdaqGS:BAND

US$286.7m

Liberty Latin America

NasdaqGS:LILA

US$1.7b

EchoStar

NasdaqGS:SATS

US$1.3b

Price History & Performance

Summary of all time highs, changes and price drops for AST SpaceMobile
Historical stock prices
Current Share Price	US$3.64
52 Week High	US$10.21
52 Week Low	US$3.55
Beta	0.59
1 Month Change	-8.77%
3 Month Change	-16.70%
1 Year Change	-51.34%
3 Year Change	-63.89%
5 Year Change	n/a
Change since IPO	-62.74%

Recent updates

AST SpaceMobile GAAP EPS of -$0.06, revenue of $7.26M

Aug 15

AST SpaceMobile gains 14% as satellite arrives at September launch site

Aug 09

AST SpaceMobile partners with Nokia for its radio technology connectivity across regions

Jul 28

Valuing AST SpaceMobile And Globe Telecom Partnership For Satellite-Based Internet

Jun 17

AST SpaceMobile: Broadband Internet Through Satellites Just As Elon Musk's Starlink In Ukraine

Mar 02

We're Hopeful That AST SpaceMobile (NASDAQ:ASTS) Will Use Its Cash Wisely

Feb 16

AST SpaceMobile: Broadband For Wherever You Are, And For Wherever You Go

Dec 03

Here's Why We're Not Too Worried About AST SpaceMobile's (NASDAQ:ASTS) Cash Burn Situation

Nov 04

AST SpaceMobile Hits #1 On WallStreetBets, Now What?

Sep 18

AST SpaceMobile: Wireless Broadband At Your Finger Tips Anywhere On The Globe

Sep 10

Shareholder Returns

	ASTS	US Telecom	US Market
7D	0%	-3.5%	-1.1%
1Y	-51.3%	-15.7%	14.1%

Return vs Industry: ASTS underperformed the US Telecom industry which returned -15.7% over the past year.

Return vs Market: ASTS underperformed the US Market which returned 14.1% over the past year.

Price Volatility

Is ASTS's price volatile compared to industry and market?
ASTS volatility
ASTS Average Weekly Movement	8.6%
Telecom Industry Average Movement	8.3%
Market Average Movement	5.5%
10% most volatile stocks in US Market	14.1%
10% least volatile stocks in US Market	2.6%

Stable Share Price: ASTS is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: ASTS's weekly volatility (9%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2017	342	Abel Avellan	https://ast-science.com

AST SpaceMobile, Inc., together with its subsidiaries, operates space-based cellular broadband network for mobile phones in the United States. Its SpaceMobile service provides mobile broadband services to end-users who are out of terrestrial cellular coverage. AST SpaceMobile, Inc. was founded in 2017 and is based in Midland, Texas.

AST SpaceMobile, Inc. Fundamentals Summary

How do AST SpaceMobile's earnings and revenue compare to its market cap?
ASTS fundamental statistics
Market Cap	US$827.17m
Earnings (TTM)	-US$52.72m
Revenue (TTM)	US$4.17m

78.2x

P/S Ratio

-6.2x

P/E Ratio

Is ASTS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASTS income statement (TTM)
Revenue	US$4.17m
Cost of Revenue	US$2.53m
Gross Profit	US$1.64m
Other Expenses	US$54.36m
Earnings	-US$52.72m

Last Reported Earnings

Jun 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.59
Gross Margin	39.40%
Net Profit Margin	-1,265.20%
Debt/Equity Ratio	1.4%

How did ASTS perform over the long term?

See historical performance and comparison

ASTS Stock Overview

Rewards

Risk Analysis

AST SpaceMobile, Inc. Competitors

NasdaqCM:ATEX

US$585.7m

NasdaqGS:BAND

US$286.7m

NasdaqGS:LILA

US$1.7b

NasdaqGS:SATS

US$1.3b

Price History & Performance

Recent News & Updates

AST SpaceMobile, Inc. Achieves Space-Based 5G Cellular Broadband Connectivity from Everyday Smartphones, Another Historic World First

New minor risk - Shareholder dilution

New minor risk - Revenue size

First half 2023 earnings released: US$0.47 loss per share (vs US$0.26 loss in 1H 2022)

AST SpaceMobile, Inc. Announces Removal Of Tareq Amin as Director

AST SpaceMobile, Inc. Announces Removal of of Tareq Amin as Director

Recent updates

AST SpaceMobile, Inc. Achieves Space-Based 5G Cellular Broadband Connectivity from Everyday Smartphones, Another Historic World First

New minor risk - Shareholder dilution

New minor risk - Revenue size

First half 2023 earnings released: US$0.47 loss per share (vs US$0.26 loss in 1H 2022)

AST SpaceMobile, Inc. Announces Removal Of Tareq Amin as Director

AST SpaceMobile, Inc. Announces Removal of of Tareq Amin as Director

Price target increased by 13% to US$22.58

AST SpaceMobile, Inc., Annual General Meeting, Aug 17, 2023

AST SpaceMobile, Inc. has completed a Follow-on Equity Offering in the amount of $59.4 million.

AST SpaceMobile, Inc. has completed a Follow-on Equity Offering in the amount of $59.4 million.

First quarter 2023 earnings released: US$0.23 loss per share (vs US$0.21 loss in 1Q 2022)

Full year 2022 earnings: EPS misses analyst expectations

Insufficient new directors

Forecast to breakeven in 2025

AST SpaceMobile's Bluewalker 3 on Target to Deliver the First and Only Space-Based Cellular Broadband

AST SpaceMobile, Inc. has completed a Follow-on Equity Offering in the amount of $75.000002 million.

Consensus forecasts updated

No longer forecast to breakeven

Less than half of directors are independent

AST SpaceMobile Confirms Successful Launch of BlueWalker 3 Into Orbit

AST SpaceMobile, Inc. Announces BlueWalker 3 Test Satellite Is Plans to Reach Orbit on September 10, 2022

Kongsberg Gruppen ASA (OB:KOG) completed the acquisition of 77% stake in NanoAvionika, LLC from AST SpaceMobile, Inc. (NasdaqGS:ASTS) and others for enterprise value €65 million.

AST SpaceMobile, Inc. announced delayed 10-Q filing

Second quarter 2022 earnings released: US$0.056 loss per share (vs US$0.39 loss in 2Q 2021)

AST SpaceMobile GAAP EPS of -$0.06, revenue of $7.26M

AST SpaceMobile, Inc Announces BlueWalker 3 Test Satellite Arrives at Cape Canaveral for Upcoming Launch

AST SpaceMobile gains 14% as satellite arrives at September launch site

AST SpaceMobile partners with Nokia for its radio technology connectivity across regions

AST SpaceMobile Announces BlueWalker 3 Test Satellite Fully Assembled and Left Texas Factory

AST Spacemobile provides preliminary Q2 update

AST SpaceMobile: Possibly The Most Asymmetric Risk Vs. Reward On The Market

Kongsberg Gruppen ASA (OB:KOG) agreed to acquire 77% stake in NanoAvionika, LLC from AST SpaceMobile, Inc. (NasdaqGS:ASTS) and others for enterprise value €65 million.

AST SpaceMobile, Inc. Provides Updated Bluewalker 3 Launch Timing for Early to Mid-September

AST SpaceMobile now sets BlueWalker 3 launch for September; shares fall 6%

Valuing AST SpaceMobile And Globe Telecom Partnership For Satellite-Based Internet

AST SpaceMobile, Inc. Announces Summer Launch Date of BlueWalker 3 for Direct-to-Cell Phone Connectivity Testing

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

AST SpaceMobile, Inc. announced that it expects to receive $75 million in funding from B. Riley Principal Capital, LLC

Federal Communications Commission Grants Experimental License to AST SpaceMobile, Inc for Bluewalker 3 Satellite Direct-To-Cell Phone Connectivity

AST SpaceMobile, Inc. Appoints Sean Wallace as Executive Vice President, Effective May 10, 2022