<div id="readability-page-1"><p>Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) dropped 0.7% during mid-day trading on Monday . The company traded as low as $12.42 and last traded at $12.75. Approximately 1,924,239 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 7,413,728 shares. The stock had previously closed at $12.84.</p><div><p><span></span><span>Get <strong>AST SpaceMobile</strong> alerts:</span></p></div><h2>Wall Street Analysts Forecast Growth</h2><ul><li>AST SpaceMobile Rockets Higher on Verizon's $100 Million Stake </li></ul><p>ASTS has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of AST SpaceMobile from $23.00 to $19.00 and set a &#34;buy&#34; rating for the company in a research note on Wednesday, April 3rd. Scotiabank increased their price objective on shares of AST SpaceMobile from $7.40 to $12.90 and gave the company a &#34;sector outperform&#34; rating in a research note on Thursday, May 30th. Finally, UBS Group increased their price objective on shares of AST SpaceMobile from $7.00 to $13.00 and gave the company a &#34;buy&#34; rating in a research note on Monday, June 10th.</p><p><b>View Our Latest Analysis on ASTS</b></p><h2>AST SpaceMobile Trading Down 0.3 %</h2><p>The company's fifty day moving average price is $9.24 and its two-hundred day moving average price is $5.17. The company has a current ratio of 7.51, a quick ratio of 7.51 and a debt-to-equity ratio of 0.56. The firm has a market cap of $3.30 billion, a P/E ratio of -13.01 and a beta of 1.61. </p><p>AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last posted its earnings results on Wednesday, May 15th. The company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.02. The firm had revenue of $0.50 million during the quarter, compared to the consensus estimate of $3.00 million. As a group, sell-side analysts predict that AST SpaceMobile, Inc. will post -0.66 EPS for the current fiscal year. </p><h2>Institutional Investors Weigh In On AST SpaceMobile</h2><p>Large investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of AST SpaceMobile in the 4th quarter worth about $259,000. PNC Financial Services Group Inc. grew its holdings in AST SpaceMobile by 319.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 163,296 shares of the company's stock worth $985,000 after acquiring an additional 124,322 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in AST SpaceMobile during the 1st quarter worth about $580,000. Broad Run Investment Management LLC grew its holdings in AST SpaceMobile by 74.8% during the 4th quarter. Broad Run Investment Management LLC now owns 3,962,853 shares of the company's stock worth $23,896,000 after acquiring an additional 1,695,805 shares during the last quarter. Finally, Cantor Fitzgerald L. P. bought a new stake in AST SpaceMobile during the 4th quarter worth about $66,000. Institutional investors own 60.95% of the company's stock. </p><h2>AST SpaceMobile Company Profile</h2> (Get Free Report)<p>AST SpaceMobile, Inc, together with its subsidiaries, develops and provides access to a space-based cellular broadband network for smartphones in the United States. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than AST SpaceMobile</li><li>What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story</li><li>Intuitive Surgical Stock Outperforms Market: Highs on the Horizon</li><li>How to Calculate Return on Investment (ROI)</li><li>Has This Leading Tech Stock Halted the AI Surge?</li><li>Health Care Stocks Explained: Why You Might Want to Invest</li><li>Revolutionary Battery Stock Gains Momentum with 3D Silicon-Anodes</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AST SpaceMobile wasn't on the list.</p><p>While AST SpaceMobile currently has a &#34;Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p> </div>

ASTS

<p>Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) dropped 0.7% during mid-day trading on Monday. The company traded as low as $12.42 and last traded at $12.75. Approximately 1,924,239 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 7,413,728 shares. The stock had previously closed at $12.84.</p>

AST SpaceMobile (NASDAQ:ASTS) Shares Down 0.7%