Here’s what you need to know

At the last market close, AST reached SpaceMobile, Inc. (ASTS) $23.94, with a +0.38% move compared to the day before. The stock outperformed the S&P 500, which was down 0.28% for the day. On the other hand, the Dow Jones lost 0.61% and the tech-focused Nasdaq fell 0.33%.

Heading into today, the company’s shares had fallen 8.66% over the past month, lagging the Computer and Technology sector’s gain of 2.1% and the S&P 500’s gain of 0.41% that time.

AST SpaceMobile, Inc.’s upcoming earnings release will be of great interest to investors. The company is expected to report earnings per share of -$0.18, marking an upward move of 21.74% from the corresponding quarter of the previous year.

It is also important for investors to be aware of any recent changes to analyst estimates for AST SpaceMobile, Inc. These recent revisions generally reflect the evolving nature of near-term business trends. As a result, positive estimates changes indicate analysts’ favorable outlook on the company’s operating 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, validated by third-party audits, with stocks rated No. 1 rating deliver an average annual return of +25%. since the year 1988. Over the past thirty days, the Zacks Consensus EPS estimate has remained unchanged. AST SpaceMobile, Inc. currently has a Zacks Rank of #4 (Sell).

The wireless equipment industry is part of the computer and technology sector. The current Zacks Industry Rank of 101 puts this sector in the top 41% of all industries, with a total of over 250.

The Zacks Industry Rank assesses 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 50% of sectors perform better than the bottom half by a factor of 2 to 1.

Be sure to utilize Zacks.com to follow all of these stock-impacting metrics and more in the coming trading sessions.

Want the latest recommendations from Zacks Investment Research? Today you can download the 7 best stocks for the next 30 days. Click to get this free report

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

To read this article on Zacks.com, click here.

Zacks Investment Research