What Should Investors Know About AST SpaceMobile (ASTS) Stock?

Communication Services sector company AST SpaceMobile posted a -0.5% performance today, while the S&P 500 returned -0.5%.

AST SpaceMobile, Inc. operates space-based cellular broadband network for mobile phones. The company is based in Midland, TX and has 386 full time employees. Its market capitalization is $1,212,060,589.

3 analysts are following AST SpaceMobile and have set target prices ranging from $15 to $32 per share. On average, they have given the company a rating of buy. At today's prices, ASTS is trading -70.68% away from its average analyst target price of $20.67 per share.

Over the last year, ASTS's share price has increased by 6.3%, which represents a difference of 14.0% when compared to the S&P 500. The stock's 52 week high is $14.27 per share whereas its 52 week low is $3.55. AST SpaceMobile has averaged free cash flows of $-94,049,000.0 over the last two years, with a mean growth rate of -153.5%. It is unlikely that the stock can sustain its current performance trend for the long term when the underlying business is experiencing such poor cash flows.

Date Reported Cash Flow from Operations ($ MM) Capital expenditures ($ MM) Free Cash Flow ($ MM) YoY Growth (%)
2021-12-31 -80 -55 -135 -153.49
2020-12-31 -23 -30 -53 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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