AST SpaceMobile falls after wider Q2 loss on satellite charge
ASTS•Analyst view and execution risks
Oppenheimer said ASTS targets a large total addressable market in direct-to-device and specialty services, but the co is still at an early stage and faces execution risks.
"Launch availability remains an industry challenge, and its service quality and business model have yet to be proven," the firm said. "Financials remain secondary to deploying its constellation, with proof of reliable service, sustained launch cadence, and commercial conversion the key catalysts."
Twelve analysts rate the stock "hold" on average; median PT is $82.12, according to data compiled by LSEG. Up to last day's close, the stock had fallen about 5% year to date.
Shares fall after wider quarterly loss and revenue miss
Shares of satellite communications co AST SpaceMobile ASTS.O fell nearly 2% to $67.53 premarket after the company on Monday reported a wider second-quarter net loss, hurt by a one-time charge related to the loss of its BlueBird 7 satellite.
Q2 revenue came in at $31.52 million, missing analysts' average estimate of $34.98 million, according to data compiled by LSEG.
