We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AST SpaceMobile, Inc. (ASTS) Advances While Market Declines: Some Information for Investors
Read MoreHide Full Article
The latest trading session saw AST SpaceMobile, Inc. (ASTS - Free Report) ending at $18.59, denoting a +0.43% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily loss of 3%. Elsewhere, the Dow saw a downswing of 2.6%, while the tech-heavy Nasdaq depreciated by 3.43%.
Shares of the company witnessed a gain of 49.27% over the previous month, beating the performance of the Computer and Technology sector with its loss of 8.69% and the S&P 500's loss of 2.92%.
Market participants will be closely following the financial results of AST SpaceMobile, Inc. in its upcoming release. The company's upcoming EPS is projected at -$0.19, signifying a 20.83% increase compared to the same quarter of the previous year.
Investors should also pay attention to any latest changes in analyst estimates for AST SpaceMobile, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.51% higher. AST SpaceMobile, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Wireless Equipment industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 193, positioning it in the bottom 24% of all 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AST SpaceMobile, Inc. (ASTS) Advances While Market Declines: Some Information for Investors
The latest trading session saw AST SpaceMobile, Inc. (ASTS - Free Report) ending at $18.59, denoting a +0.43% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily loss of 3%. Elsewhere, the Dow saw a downswing of 2.6%, while the tech-heavy Nasdaq depreciated by 3.43%.
Shares of the company witnessed a gain of 49.27% over the previous month, beating the performance of the Computer and Technology sector with its loss of 8.69% and the S&P 500's loss of 2.92%.
Market participants will be closely following the financial results of AST SpaceMobile, Inc. in its upcoming release. The company's upcoming EPS is projected at -$0.19, signifying a 20.83% increase compared to the same quarter of the previous year.
Investors should also pay attention to any latest changes in analyst estimates for AST SpaceMobile, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.51% higher. AST SpaceMobile, Inc. is currently sporting a Zacks Rank of #3 (Hold).
The Wireless Equipment industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 193, positioning it in the bottom 24% of all 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.