AST SpaceMobile Falls 10.55% as Major Indexes Advance

AST SpaceMobile closed at $50.93, down 10.55% from the prior session. The decline contrasted with gains of 0.6% for the S&P 500, 0.83% for the Dow and 0.64% for the Nasdaq.

Ahead of its upcoming results, consensus estimates call for a loss of $0.39 per share and revenue of $45.19 million. The revenue estimate represents a 206.56% increase from the same quarter a year earlier. In the month leading into the session, AST SpaceMobile shares had fallen 4.97%, while the Computer and Technology sector gained 4.03%.