AST SpaceMobile (ASTS) Loses 6.5% as Investors on Wait-and-See Mode

AST SpaceMobile, Inc. (NASDAQ:ASTS) is one of the 10 Stocks That Investors Are Dumping.

AST SpaceMobile dropped for a second day on Wednesday, losing 6.51 percent to close at $42.5 apiece as investors appeared to have parked funds while on a wait-and-see mode for more catalysts to boost buying.

AST SpaceMobile, Inc. (NASDAQ:ASTS), a satellite company, is set to announce the results of its earnings performance in the second quarter period on August 14, based on its historical reporting dates.

According to investment firm Zacks, it is anticipated that AST SpaceMobile, Inc. (NASDAQ:ASTS) will report an EPS of -$0.19, or a 35.71 percent decline from the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.15 million, indicating a 472.22 percent increase compared to the same quarter of the previous year.

An aerial view of a communications satellite in orbit, beaming its signal down to Earth.

For the full year, the Zacks Consensus Estimates are projecting earnings of -$1 per share and revenue of $62.5 million, which would represent changes of -51.52 percent and +1314.58 percent, respectively, from the prior year.

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Disclosure: None. This article is originally published at Insider Monkey.