Here’s what you need to know:

At the last close, AST SpaceMobile, Inc. (ASTS) reached $23.94, representing an increase of +0.38% compared to the previous day. The stock outperformed the S&P 500, which lost 0.28% on the day. Meanwhile, the Dow fell 0.61% and the technology-focused Nasdaq fell 0.33%.

Year-to-date, shares of the company had lost 8.66% over the past month, underperforming the Computer and Technology sector’s gain of 2.1% and the S&P 500’s gain of 0.41% in that time.

AST SpaceMobile, Inc.’s upcoming earnings release will be of great interest to investors. The company is expected to report EPS of -$0.18, up 21.74% from the corresponding quarter last year.

It is also important for investors to be aware of any recent changes to analyst estimates for AST SpaceMobile, Inc. These recent revisions tend to reflect the evolving nature of near-term business trends. As a result, optimistic estimate changes suggest analysts have a positive outlook on the company’s business health and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has a remarkable track record of outperformance as verified by third-party audits, with stocks rated #1 having an average generate an annual return of +25%. since 1988. Over the past 30 days, the Zacks Consensus EPS estimate has remained unchanged. AST SpaceMobile, Inc. currently has a Zacks Rank of #4 (Sell).

The wireless devices industry is part of the computer and technology sector. The current Zacks Industry Rank of 101 places this industry in the top 41% of all industries with over 250 industries.

The Zacks Industry Rank evaluates the strength of our individual industry groups by calculating the average Zacks Rank of the individual stocks within the groups. Our research shows that the top rated 50% of industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all of these stock-influencing metrics and more during upcoming trading sessions.

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AST SpaceMobile, Inc. (ASTS): Free Stock Analysis Report

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