ASTS
AST SpaceMobile, Inc.
ASTS offers stronger modeled upside, but that advantage does not outweigh its weaker overall profile.
LOGI
Logitech International S.A.
LOGI has the edge over ASTS overall, supported by lower modeled downside and stronger fundamentals.
ASTS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Weak | |
| Unavailable |
ASTS's revenue is currently healthy, but its profitability and cash flow are weak. There isn't enough data to rate its balance sheet.
LOGI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| Strong | |
| Strong |
LOGI's profitability, cash flow and balance sheet are currently strong, and its revenue is stable.
ASTS PE Valuation
ASTS has no meaningful PE right now: it lost money over the past year.
LOGI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $95.32 | -5.3% |
| Current | 18x | $101 | — |
| Forward | 18x | $101 | — |
| Fair | 21x | $119 | +18% |
| Expensive | 27x | $152 | +51% |
Historical ranges are pointers, not guarantees.
LOGI's PE is in its cheap range at 18.1x. On analysts' estimates for next year's earnings, today's price would be 18.4x.
ASTS Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses growing | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect ASTS's losses to grow, with revenue growing. However, they disagree widely on these estimates.
LOGI Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Stable | |
| Stable | |
| Stable | |
| Limited | |
| Moderate |
Analysts expect LOGI's earnings, revenue and profitability to hold roughly steady.
ASTS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$2.15 | -$0.91 |
| Q2 2026 | -$2.16 | -$0.27 |
| Q1 2026 | -$1.80 | +$0.19 |
| Q4 2025 | -$1.34 | +$0.61 |
| Q3 2025 | -$1.24 | +$0.88 |
| Q2 2025 | -$1.89 | -$0.64 |
| Q1 2025 | -$1.99 | -$1.01 |
| Q4 2022 | -$0.58 | -$0.21 |
ASTS is still losing money, but far less than before: $2.15 per share over the past year, against $5.76 at its worst in mid-2021.
LOGI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $5.47 | -1.5% |
| Q3 2026 | $5.55 | +26% |
| Q2 2026 | $5.45 | +30% |
| Q1 2026 | $4.80 | +16% |
| Q4 2025 | $4.76 | +12% |
| Q3 2025 | $4.39 | -2.2% |
| Q2 2025 | $4.19 | -4.8% |
| Q1 2025 | $4.13 | +6.7% |
| Q4 2024 | $4.26 | +39% |
LOGI has the edge over ASTS on earnings quality, reporting a profit while its opponent remains loss making.
ASTS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $42.3M | +187% |
| Q2 2026 | $31.5M | +2627% |
| Q1 2026 | $14.7M | +1952% |
| Q4 2025 | $54.3M | +2731% |
| Q3 2025 | $14.7M | +1240% |
| Q2 2025 | $1.2M | +28% |
| Q1 2025 | $718K | +44% |
| Q3 2022 | $4.2M | +70% |
ASTS has the edge over LOGI on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -415% | +694 points |
| Q2 2026 | -948% | +10744 points |
| Q1 2026 | -1686% | +7083 points |
| Q4 2025 | -175% | +2446 points |
| Q3 2025 | -1109% | +4850 points |
| Q2 2025 | -11692% | -4693 points |
| Q1 2025 | -8769% | +2331 points |
| Q4 2024 | -2621% | N/A |
ASTS's operating margin was −415% last quarter, up 694 points from the same quarter a year ago.
LOGI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +2.8% |
| Q2 2026 | $1.2B | +6.9% |
| Q1 2026 | $1.1B | +7.4% |
| Q4 2025 | $1.4B | +6.1% |
| Q3 2025 | $1.2B | +6.3% |
| Q2 2025 | $1.1B | +5.5% |
| Q1 2025 | $1B | -0.1% |
| Q4 2024 | $1.3B | +6.8% |
LOGI's revenue has grown year over year for six quarters in a row: $1.2B last quarter, up 2.8% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 16% | +0.3 points |
| Q2 2026 | 21% | +7 points |
| Q1 2026 | 13% | +2 points |
| Q4 2025 | 20% | +2.6 points |
| Q3 2025 | 16% | +1.7 points |
| Q2 2025 | 14% | 0 points |
| Q1 2025 | 10% | -2.4 points |
| Q4 2024 | 18% | -0.2 points |
LOGI has the edge over ASTS on profitability, with a higher operating margin.
ASTS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$464.2M | -$161.4M |
| Q2 2026 | -$694.8M | -$341.1M |
| Q1 2026 | -$309.7M | -$160.7M |
| Q4 2025 | -$330.7M | -$220.3M |
| Q3 2025 | -$302.9M | -$239.1M |
| Q2 2025 | -$353.6M | -$315.3M |
| Q1 2025 | -$149M | -$61.3M |
| Q4 2024 | -$110.5M | -$63.2M |
ASTS has burned cash in almost every quarter: −$1.8B over the past year, against −$916M the year before.
LOGI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $148.8M | -30% |
| Q2 2026 | $149.9M | +38% |
| Q1 2026 | $189M | +62% |
| Q4 2025 | $465.6M | +31% |
| Q3 2025 | $212.3M | +40% |
| Q2 2025 | $108.8M | -33% |
| Q1 2025 | $116.9M | -49% |
| Q4 2024 | $356.6M | -17% |
LOGI has the edge over ASTS on cash generation, producing positive trailing cash flow while its opponent burns cash.
ASTS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +1.1M shares |
| 1 year | +10% | +27.3M shares |
| 3 years | +235% | +211M shares |
| 5 years | +480% | +248M shares |
| Available history | +944% | +271M shares |
ASTS has 300M diluted shares, up 10% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
LOGI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.9% | -1.3M shares |
| 1 year | -3.1% | -4.7M shares |
| 3 years | -9.5% | -15.2M shares |
| 5 years | -16% | -27.6M shares |
| Available history | -15% | -25.9M shares |
LOGI has the edge over ASTS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $170.8M |
| Q2 2026 | $113.6M |
| Q1 2026 | $279.6M |
| Q4 2025 | $27.1M |
| Q3 2025 | $106.6M |
| Q2 2025 | $121.7M |
| Q1 2025 | $125.5M |
| Q4 2024 | $200.1M |
LOGI spent $591M buying back its own shares over the past year, up 6.7% from the year before.
ASTS Net Leverage
ASTS's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
LOGI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -1.6x | Net Cash |
| Q2 2026 | -1.9x | Net Cash |
| Q1 2026 | -2.0x | Net Cash |
| Q4 2025 | -2.2x | Net Cash |
| Q3 2025 | -1.8x | Net Cash |
| Q2 2025 | -2.0x | Net Cash |
| Q1 2025 | -2.1x | Net Cash |
| Q4 2024 | -2.0x | Net Cash |
LOGI has more cash than debt.
ASTS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.1 | Neutral |
| Stochastic | 11.9 | Oversold |
ASTS's weekly RSI is 34 (neutral) and its Stochastic is 12 (oversold).
LOGI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.3 | Neutral |
| Stochastic | 20.4 | Neutral |
LOGI's weekly RSI is 49 (neutral) and its Stochastic is 20 (neutral).
ASTS PE vs Technology Sector
ASTS has no meaningful PE right now: it lost money over the past year.
LOGI PE vs Technology Sector
| Metric | LOGI | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 28x | 35% below |
| PE % | 23 | 35 | 12 pts below |
LOGI is trading at 18x earnings, a 35% discount to the Technology sector's median of 28x.
ASTS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.9 | 23% below |
| 20 week MA | $57.1 | 40% below |
| 50 week MA | $75.5 | 54% below |
| 100 week MA | $57.8 | 40% below |
| 200 week MA | $33.6 | 2.8% above |
ASTS has fallen below most of its moving averages, though it's still 2.8% above its 200-week average.
LOGI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $101.3 | 0.7% below |
| 20 week MA | $101.3 | 0.7% below |
| 50 week MA | $100.4 | 0.2% above |
| 100 week MA | $97.7 | 3% above |
| 200 week MA | $87.7 | 15% above |
LOGI has the edge over ASTS on trend strength, trading above more of its moving averages.
ASTS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.87 | $13.4 | +36% |
| 2021 | $13.4 | $8.71 | -35% |
| 2022 | $8.71 | $3.97 | -54% |
| 2023 | $3.97 | $6.03 | +52% |
| 2024 | $6.03 | $22.9 | +280% |
| 2025 | $22.9 | $72.0 | +214% |
| 2026 YTD | $72.0 | $34.5 | -52% |
ASTS's yearly returns have swung widely, from +280% in 2024 to −54% in 2022. It's down 52% so far in 2026.
LOGI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $47.1 | $93.0 | +98% |
| 2021 | $93.0 | $84.9 | -8.7% |
| 2022 | $84.9 | $61.6 | -27% |
| 2023 | $61.6 | $95.1 | +54% |
| 2024 | $95.1 | $83.4 | -12% |
| 2025 | $83.4 | $105.3 | +26% |
| 2026 YTD | $105.3 | $100.6 | -4.4% |
LOGI has the edge over ASTS on returns for 2026, with the stronger performance.