Is AST SpaceMobile (ASTS) Stock Outpacing Its Computer and Technology Peers This Year?

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has AST SpaceMobile, Inc. (ASTS) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.AST SpaceMobile, Inc. is one of 618 companies in the Computer and Technology group. The Computer and Technology group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. AST SpaceMobile, Inc. is currently sporting a Zacks Rank of #2 (Buy).Over the past 90 days, the Zacks Consensus Estimate for ASTS' full-year earnings has moved 48.7% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.Based on the latest available data, ASTS has gained about 311% so far this year. In comparison, Computer and Technology companies have returned an average of 35.8%. This shows that AST SpaceMobile, Inc. is outperforming its peers so far this year.Clearwater Analytics (CWAN) is another Computer and Technology stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 47.5%.For Clearwater Analytics, the consensus EPS estimate for the current year has increased 1.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).Looking more specifically, AST SpaceMobile, Inc. belongs to the Wireless Equipment industry, which includes 14 individual stocks and currently sits at #45 in the Zacks Industry Rank. This group has gained an average of 26.4% so far this year, so ASTS is performing better in this area.On the other hand, Clearwater Analytics belongs to the Internet - Software industry. This 145-stock industry is currently ranked #33. The industry has moved +38.1% year to date.AST SpaceMobile, Inc. and Clearwater Analytics could continue their solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to these stocks.Free Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AST SpaceMobile, Inc. (ASTS): Free Stock Analysis Report Clearwater Analytics Holdings, Inc. (CWAN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks