Investors are bailing on AST SpaceMobile (ASTS) shares ahead of the satellite connectivity firm’s Q2 earnings scheduled to be released later today after market close. Consensus is for the firm to post a loss of $0.28 per share for its second fiscal quarter, significantly narrower than the $0.41 per-share loss last year.
The quarterly print is significant for AST SpaceMobile stock, as it’s currently down more than 45% versus its year-to-date high in late May.