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Ast Spacemobile Inc (ASTS)
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Upturn Advisory Summary
11/22/2024: ASTS (3-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: 430.76% | Upturn Advisory Performance 3 | Avg. Invested days: 37 |
Profits based on simulation | Stock Returns Performance 5 | Last Close 11/22/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: 430.76% | Avg. Invested days: 37 |
Upturn Star Rating | Stock Returns Performance 5 |
Profits based on simulation Last Close 11/22/2024 | Upturn Advisory Performance 3 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 6.83B USD |
Price to earnings Ratio - | 1Y Target Price 35.94 |
Dividends yield (FY) - | Basic EPS (TTM) -2.26 |
Volume (30-day avg) 11299110 | Beta 1.64 |
52 Weeks Range 1.97 - 39.08 | Updated Date 12/12/2024 |
Company Size Mid-Cap Stock | Market Capitalization 6.83B USD | Price to earnings Ratio - | 1Y Target Price 35.94 |
Dividends yield (FY) - | Basic EPS (TTM) -2.26 | Volume (30-day avg) 11299110 | Beta 1.64 |
52 Weeks Range 1.97 - 39.08 | Updated Date 12/12/2024 |
Earnings Date
Report Date 2024-11-14 | When After Market |
Estimate -0.2 | Actual -1.1 |
Report Date 2024-11-14 | When After Market | Estimate -0.2 | Actual -1.1 |
Profitability
Profit Margin - | Operating Margin (TTM) -6999.22% |
Management Effectiveness
Return on Assets (TTM) -30.15% | Return on Equity (TTM) -103.52% |
Valuation
Trailing PE - | Forward PE - |
Enterprise Value 4417207893 | Price to Sales(TTM) 4875.83 |
Enterprise Value to Revenue 1766.88 | Enterprise Value to EBITDA -2.34 |
Shares Outstanding 200344992 | Shares Floating 119270853 |
Percent Insiders 30.37 | Percent Institutions 42.87 |
Trailing PE - | Forward PE - | Enterprise Value 4417207893 | Price to Sales(TTM) 4875.83 |
Enterprise Value to Revenue 1766.88 | Enterprise Value to EBITDA -2.34 | Shares Outstanding 200344992 | Shares Floating 119270853 |
Percent Insiders 30.37 | Percent Institutions 42.87 |
Analyst Ratings
Rating 4.6 | Target Price 23.5 | Buy 2 |
Strong Buy 3 | Hold - | Sell - |
Strong Sell - |
Rating 4.6 | Target Price 23.5 | Buy 2 | Strong Buy 3 |
Hold - | Sell - | Strong Sell - |
AI Summarization
Ast SpaceMobile Inc. - A Comprehensive Overview (As of November 2023)
Company Profile:
Detailed history and background: Founded in 2016, Ast SpaceMobile Inc. is a US-based company aiming to provide direct-to-cell phone broadband connectivity through its satellite-based network.
Core Business Areas:
- SpaceMobile™: Providing global cellular broadband connectivity directly to standard mobile phones via low Earth orbit (LEO) satellites.
- Network Services: Delivering cellular backhaul solutions to mobile operators facing network gaps or capacity constraints.
Leadership Team and Corporate Structure:
- Abel Avellan, CEO & Founder: Former executive at SpaceX and Google.
- Scott Wisniewski, CFO & President: Former executive at LightSquared and Loral Space & Communications.
- Craig Shankel, CTO & Co-founder: Expertise in wireless and communication systems.
- Ast SpaceMobile operates with a Board of Directors and an executive management team overseeing various departments.
Top Products and Market Share:
Top Product: SpaceMobile™ service - direct-to-cell phone broadband connectivity constellation.
Market Share:
- Ast SpaceMobile operates in a niche market with no direct competitors offering global direct-to-mobile satellite service.
- Traditional satellite phone providers hold significant market share, but their services differ in technology and target audience.
Product Performance:
- SpaceMobile™ successfully completed the first-ever live call on a standard mobile phone using a LEO satellite in 2023.
- Further development and testing are ongoing, with commercial service launch expected in 2024.
Total Addressable Market: Ast SpaceMobile targets the global mobile phone user base, estimated to be over 8 billion users. This represents a vast, untapped market for direct-to-cell satellite broadband connectivity.
Financial Performance:
Financial Statements Analysis:
- As of November 2023, Ast SpaceMobile remains in pre-revenue and pre-profit stages.
- Year-over-year comparisons are not applicable due to the lack of historical financial data.
- Cash flow statements and balance sheet health are currently focused on supporting ongoing development and operational expenses.
Dividends and Shareholder Returns:
- Dividend History: No dividend payouts have been made as the company is yet to generate profits.
- Shareholder Returns: Share price has shown volatility due to its pre-revenue status and market expectations for future growth potential.
Growth Trajectory:
Historical Growth: Limited data available due to the company's young age.
Future Projections:
- Industry analysts anticipate significant growth potential for the global satellite connectivity market in the coming years.
- Ast SpaceMobile's early mover advantage and unique technology position the company for potential market leadership.
- Successful launch and adoption of the SpaceMobile™ service will be crucial for driving revenue growth and achieving profitability.
Market Dynamics:
- The mobile satellite communications industry is experiencing rapid technological advancements and growing demand for global connectivity.
- Ast SpaceMobile faces competition from traditional satellite phone providers and emerging LEO satellite constellations, each offering distinct solutions and targeting different segments.
Competitors:
- Traditional Satellite Phone Providers: Iridium Communications Inc. (IRDM), Globalstar Inc. (GSAT).
- LEO Satellite Constellations: SpaceX (private), OneWeb (private).
- Ast SpaceMobile has a competitive advantage with its direct-to-mobile technology, addressing a broader market than traditional satellite phone providers.
Potential Challenges and Opportunities:
Challenges:
- High development and deployment costs associated with the SpaceMobile™ constellation.
- Regulatory approvals and spectrum access are critical for global service implementation.
- Competition from established players and new entrants.
Opportunities:
- Growing demand for global mobile connectivity, especially in underserved areas.
- Partnerships with major mobile operators to expand reach and potential customer base.
- Technological advancements enabling lower production and operational costs.
Recent Acquisitions:
Ast SpaceMobile Inc. has not completed any acquisitions within the past 3 years (as of November 2023).
AI-Based Fundamental Rating:
Preliminary AI Rating: Based on available data and projected growth potential, Ast SpaceMobile may receive an AI-based fundamental rating of 6-7. However, this is subject to change as the company progresses through its development and commercialization stages.
Justification:
- The company's unique technology positions it to disrupt the mobile satellite communications market.
- Significant market opportunity exists with high user demand for global connectivity.
- Challenges remain in terms of execution, competition, and achieving financial stability.
Sources and Disclaimers:
- This overview relies on information from Ast SpaceMobile Inc.'s official website, financial reports, industry news sources, and independent research.
- The provided information is for educational purposes only and does not constitute financial advice. Investors should conduct thorough research and consider their risk tolerance before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ast Spacemobile Inc
Exchange | NASDAQ | Headquaters | Midland, TX, United States |
IPO Launch date | 2019-11-01 | Founder, Chairman & CEO | Mr. Abel Avellan |
Sector | Technology | Website | https://ast-science.com |
Industry | Communication Equipment | Full time employees | 489 |
Headquaters | Midland, TX, United States | ||
Founder, Chairman & CEO | Mr. Abel Avellan | ||
Website | https://ast-science.com | ||
Website | https://ast-science.com | ||
Full time employees | 489 |
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.
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