AST SpaceMobile (NASDAQ:ASTS) Shares Gap Down – What’s Next?

Posted by Brian Himes on Jul 16th, 2026

AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $66.31, but opened at $59.20. AST SpaceMobile shares last traded at $57.4270, with a volume of 14,526,526 shares traded.

AST SpaceMobile News Summary

Here are the key news stories impacting AST SpaceMobile this week:

Positive Sentiment: Bell Canada completed construction of its first direct-to-device satellite ground station in Québec, supporting AST SpaceMobile’s network rollout and underscoring real commercial progress. Bell successfully completes construction of its first sovereign direct-to-device satellite ground station in Canada
Positive Sentiment: The company said BlueBird 11 has arrived at Cape Canaveral, with BlueBirds 12 and 13 expected to follow for an August launch, while New Zealand also granted new regulatory approval for a gateway link. AST SpaceMobile (ASTS) Secures Global Approvals As Texas Expansion And Launches Near
Positive Sentiment: Midland is set to consider a $150 million manufacturing expansion tied to AST SpaceMobile, which would support production capacity and potentially create 1,800 jobs. ASTS Stock Snaps 3-Day Losing Streak On ‘Imminent’ BlueBird Launch — Midland Weighs $150M AST SpaceMobile Deal
Neutral Sentiment: Analysts continue to highlight AST SpaceMobile as a high-potential space stock, with some long-term valuation articles pointing to upside if the satellite broadband business scales as planned. What AST SpaceMobile Could Be Worth in 2028, According to Analysts
Negative Sentiment: The new convertible debt raise is the main reason shares are falling, since investors may worry about future dilution and heavier financing needs as the company builds out its satellite network. AST SpaceMobile Announces Pricing of Private Offering of $1.0 Billion of Convertible Senior Notes Due 2034
Negative Sentiment: Recent commentary from Barron’s and other outlets notes the stock has been sliding over the past few months, with the debt offering and broader concerns about capital intensity weighing on sentiment. AST SpaceMobile Stock Drops Again and It’s About More Than SpaceX

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Piper Sandler began coverage on shares of AST SpaceMobile in a research report on Wednesday. They set an “overweight” rating and a $100.00 target price on the stock. Roth Capital reissued a “buy” rating and issued a $108.00 target price on shares of AST SpaceMobile in a report on Tuesday, May 12th. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft lowered AST SpaceMobile from a “buy” rating to a “hold” rating and decreased their price target for the company from $117.00 to $106.00 in a research note on Friday, May 29th. Finally, New Street Research set a $106.00 price objective on AST SpaceMobile in a research note on Friday, May 29th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $86.95.

Read Our Latest Stock Analysis on ASTS

AST SpaceMobile Trading Down 15.4%

The company’s fifty day moving average price is $87.32 and its two-hundred day moving average price is $89.46. The company has a quick ratio of 18.37, a current ratio of 18.47 and a debt-to-equity ratio of 1.11. The company has a market cap of $21.76 billion, a price-to-earnings ratio of -31.50 and a beta of 2.69.

AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last announced its earnings results on Monday, May 11th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.43). The business had revenue of $14.73 million during the quarter, compared to analyst estimates of $39.01 million. AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The firm’s revenue was up 1952.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.20) earnings per share. Research analysts expect that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current year.

Insider Buying and Selling at AST SpaceMobile

In other AST SpaceMobile news, Director Julio A. Torres sold 15,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $76.34, for a total value of $1,145,100.00. Following the transaction, the director owned 43,239 shares of the company’s stock, valued at approximately $3,300,865.26. The trade was a 25.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction on Friday, June 5th. The stock was sold at an average price of $96.37, for a total value of $3,854,800.00. Following the sale, the chief technology officer owned 34,750 shares in the company, valued at $3,348,857.50. The trade was a 53.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 105,809 shares of company stock worth $9,748,492. 20.89% of the stock is currently owned by insiders.

Institutional Trading of AST SpaceMobile

Several hedge funds have recently modified their holdings of ASTS. Vodafone Ventures Ltd bought a new position in AST SpaceMobile in the 4th quarter valued at $397,413,000. Norges Bank bought a new stake in shares of AST SpaceMobile during the fourth quarter worth $198,270,000. Vanguard Group Inc. lifted its stake in shares of AST SpaceMobile by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 21,488,180 shares of the company’s stock valued at $1,560,687,000 after acquiring an additional 1,568,292 shares during the period. Morgan Stanley lifted its stake in shares of AST SpaceMobile by 44.0% during the fourth quarter. Morgan Stanley now owns 4,661,551 shares of the company’s stock valued at $338,569,000 after acquiring an additional 1,425,199 shares during the period. Finally, Focus Partners Wealth boosted its holdings in AST SpaceMobile by 8,016.7% in the fourth quarter. Focus Partners Wealth now owns 1,269,609 shares of the company’s stock valued at $92,000,000 after acquiring an additional 1,253,967 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

AST SpaceMobile Company Profile

(Get Free Report)

AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company’s core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.

AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.