ASTS
AST SpaceMobile, Inc.
ASTS trails on the overall score without a compensating advantage in the available component scores.
PENG
Penguin Solutions, Inc.
PENG has the edge over ASTS overall, supported by lower modeled downside and stronger modeled upside.
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.
PENG Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Weak | |
| Healthy |
PENG's revenue, profitability and balance sheet are currently healthy, but its cash flow is weak.
ASTS PE Valuation
ASTS has no meaningful PE right now: it lost money over the past year.
PENG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 11x | $50.10 | — |
| Current | 19x | $50.10 | — |
| Cheap | 36x | $93.86 | +87% |
| Fair | 66x | $171 | +240% |
| Expensive | 83x | $215 | +330% |
Historical ranges are pointers, not guarantees.
PENG's PE is in its cheap range at 19x. If earnings grow as analysts expect, today's price would be 11x next year's earnings.
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.
PENG Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for PENG, with profitability improving.
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.
PENG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.56 | +76% |
| Q3 2026 | $2.59 | +793% |
| Q2 2026 | $1.41 | +$1.69 |
| Q1 2026 | $0.72 | +$0.89 |
| Q4 2025 | $0.23 | +$0.75 |
| Q3 2025 | $0.29 | +$1.29 |
| Q2 2025 | -$0.28 | +$2.80 |
| Q1 2025 | -$0.17 | +$3.51 |
| Q4 2024 | -$0.52 | +$3.45 |
PENG 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 PENG 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.
PENG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $566.7M | +68% |
| Q2 2026 | $478.7M | +48% |
| Q1 2026 | $343M | -6.2% |
| Q4 2025 | $343.1M | +0.6% |
| Q3 2025 | $337.9M | +8.6% |
| Q2 2025 | $324.3M | +7.9% |
| Q1 2025 | $365.5M | +28% |
| Q4 2024 | $341.1M | +24% |
PENG's revenue is growing: $567M last quarter, up 68% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | +8.6 points |
| Q2 2026 | 11% | +7.6 points |
| Q1 2026 | 7.5% | +2.4 points |
| Q4 2025 | 5.7% | +0.6 points |
| Q3 2025 | 3.7% | +0.9 points |
| Q2 2025 | 3% | -0.8 points |
| Q1 2025 | 5.1% | +6.2 points |
| Q4 2024 | 5.1% | +4.6 points |
PENG 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.
PENG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$167.4M | -$94.1M |
| Q2 2026 | -$77.6M | -185% |
| Q1 2026 | $53.3M | -24% |
| Q4 2025 | $28.2M | +135% |
| Q3 2025 | -$73.4M | -$55.4M |
| Q2 2025 | $90.9M | +20% |
| Q1 2025 | $70.5M | +$97.7M |
| Q4 2024 | $12M | -55% |
PENG has the edge over ASTS on cash flow, with more consistent year-over-year improvement.
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 the edge over PENG on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
PENG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +16% | +9M shares |
| 1 year | +18% | +9.7M shares |
| 3 years | +15% | +8.5M shares |
| 5 years | +24% | +12.5M shares |
| Available history | +32% | +15.5M shares |
PENG has 64M diluted shares, up 18% from a year ago, despite $74M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5.5M |
| Q2 2026 | $11.8M |
| Q1 2026 | $36.9M |
| Q4 2025 | $20.2M |
| Q3 2025 | $3.1M |
| Q2 2025 | $31.6M |
| Q1 2025 | $6.5M |
| Q4 2024 | $11.1M |
PENG spent $74M buying back its own shares over the past year, up 42% 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.
PENG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.0x | Very low |
| Q1 2026 | -0.4x | Net Cash |
| Q4 2025 | 0.0x | Very low |
| Q3 2025 | 0.1x | Very low |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | 0.3x | Very low |
| Q4 2024 | 3.0x | Moderate |
PENG's net debt is less than a year of its operating earnings (EBITDA).
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).
PENG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.1 | Neutral |
| Stochastic | 21.3 | Neutral |
PENG's weekly RSI is 49 (neutral) and its Stochastic is 21 (neutral).
ASTS PE vs Technology Sector
ASTS has no meaningful PE right now: it lost money over the past year.
PENG PE vs Technology Sector
| Metric | PENG | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 28x | 31% below |
| PE % | 2 | 35 | 33 pts below |
PENG is trading at 19x earnings, a 31% 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.
PENG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $56.0 | 11% below |
| 20 week MA | $56.8 | 12% below |
| 50 week MA | $41.0 | 22% above |
| 100 week MA | $30.9 | 62% above |
| 200 week MA | $25.6 | 96% above |
PENG 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.
PENG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.1 | $17.7 | -7.3% |
| 2021 | $17.7 | $33.4 | +89% |
| 2022 | $33.4 | $15.3 | -54% |
| 2023 | $15.3 | $18.9 | +24% |
| 2024 | $18.9 | $19.4 | +2.3% |
| 2025 | $19.4 | $20.3 | +4.7% |
| 2026 YTD | $20.3 | $50.1 | +147% |
PENG has the edge over ASTS on returns for 2026, with the stronger performance.