ASTS
AST SpaceMobile, Inc.
ASTS has the edge over NSYS overall, supported by stronger valuation and stronger modeled upside.
NSYS
Nortech Systems Incorporated
NSYS has lower modeled downside risk, despite its lower overall score.
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.
NSYS Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Weak |
NSYS's profitability and cash flow are currently healthy, and its revenue is stable, but its balance sheet is weak.
ASTS PE Valuation
ASTS has no meaningful PE right now: it lost money over the past year.
NSYS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 4.5x | $2.84 | -74% |
| Fair | 7.1x | $4.48 | -59% |
| Expensive | 17x | $10.91 | -0.1% |
| Current | 17x | $10.92 | — |
Historical ranges are pointers, not guarantees.
NSYS's PE is in its expensive range at 17x.
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.
NSYS Forward outlook
There aren't enough analyst estimates for NSYS to show an outlook.
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.
NSYS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.63 | +$1.55 |
| Q2 2026 | $0.37 | +$1.51 |
| Q1 2026 | $0.38 | +$1.59 |
| Q4 2025 | -$0.09 | +$0.38 |
| Q3 2025 | -$0.92 | -159% |
| Q2 2025 | -$1.14 | -151% |
| Q1 2025 | -$1.21 | -150% |
| Q4 2024 | -$0.47 | -120% |
NSYS 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 NSYS 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.
NSYS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $33M | +8.4% |
| Q2 2026 | $33.5M | +9.3% |
| Q1 2026 | $30.3M | +13% |
| Q4 2025 | $30.3M | +5.9% |
| Q3 2025 | $30.5M | -2.9% |
| Q2 2025 | $30.7M | -9.5% |
| Q1 2025 | $26.9M | -21% |
| Q4 2024 | $28.6M | -21% |
NSYS's revenue has grown year over year for four quarters in a row: $33M last quarter, up 8.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 4.3% | +1.2 points |
| Q2 2026 | 1.9% | -0.6 points |
| Q1 2026 | 0.2% | +6.2 points |
| Q4 2025 | 3% | +7.3 points |
| Q3 2025 | 3.1% | +4.6 points |
| Q2 2025 | 2.4% | +1.4 points |
| Q1 2025 | -6% | -9.4 points |
| Q4 2024 | -4.3% | -12 points |
NSYS 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.
NSYS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $2.1M | +$2.3M |
| Q2 2026 | -$983K | -1795% |
| Q1 2026 | -$1.8M | +$1.4M |
| Q4 2025 | $5.5M | +986% |
| Q3 2025 | -$242K | +$1.3M |
| Q2 2025 | $58K | +$4.6M |
| Q1 2025 | -$3.2M | -253% |
| Q4 2024 | $503K | +$1.1M |
NSYS 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 | — |
NSYS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.2% | +37.1K shares |
| 1 year | +9% | +251K shares |
| 3 years | +5.1% | +147K shares |
| 5 years | +5.4% | +156K shares |
| Available history | +14% | +371K shares |
NSYS has the edge over ASTS on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q4 2019 | — |
ASTS Net Leverage
ASTS's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
NSYS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2024 | 5.0x | High |
| Q3 2024 | 1.5x | Healthy |
| Q2 2024 | 0.9x | Very low |
| Q1 2024 | 0.3x | Very low |
| Q4 2023 | 0.6x | Very low |
NSYS's net debt is about 5.0 years of its operating earnings (EBITDA), up from less than a year a year ago.
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).
NSYS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.0 | Neutral |
| Stochastic | 20.2 | Neutral |
NSYS's weekly RSI is 44 (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.
NSYS PE vs Technology Sector
| Metric | NSYS | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 28x | 38% below |
| PE % | 83 | 35 | 48 pts above |
NSYS is trading at 17x earnings, a 38% 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.
NSYS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $10.9 | 0% above |
| 20 week MA | $12.2 | 10% below |
| 50 week MA | $11.6 | 5.5% below |
| 100 week MA | $10.4 | 5.1% above |
| 200 week MA | $10.9 | 0.5% above |
NSYS 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.
NSYS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.35 | $6.00 | +12% |
| 2021 | $6.00 | $10.2 | +69% |
| 2022 | $10.2 | $12.1 | +19% |
| 2023 | $12.1 | $9.42 | -22% |
| 2024 | $9.42 | $10.5 | +11% |
| 2025 | $10.5 | $7.39 | -30% |
| 2026 YTD | $7.39 | $10.9 | +48% |
NSYS has the edge over ASTS on returns for 2026, with the stronger performance.