AST SpaceMobile, Inc. (ASTS) Laps the Stock Market: Here's Why

AST SpaceMobile, Inc. (ASTS) ended the recent trading session at $67.76, demonstrating a +2.42% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.01%. On the other hand, the Dow registered a gain of 0.51%, and the technology-centric Nasdaq decreased by 0.28%. Coming into today, shares of the company had gained 58.05% in the past month. In that same time, the Computer and Technology sector gained 10.49%, while the S&P 500 gained 4.83%. Investors will be eagerly watching for the performance of AST SpaceMobile, Inc. in its upcoming earnings disclosure. In that report, analysts expect AST SpaceMobile, Inc. to post earnings of -$0.17 per share. This would mark year-over-year growth of 29.17%. Simultaneously, our latest consensus estimate expects the revenue to be $20.74 million, showing a 1785.45% escalation compared to the year-ago quarter. For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.98 per share and a revenue of $53.9 million, signifying shifts of -48.48% and +1119.99%, respectively, from the last year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for AST SpaceMobile, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. The Zacks Consensus EPS estimate remained stagnant within the past month. AST SpaceMobile, Inc. is currently a Zacks Rank #3 (Hold). The Wireless Equipment industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 54, positioning it in the top 22% 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AST SpaceMobile, Inc. (ASTS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks