AST SpaceMobile (NASDAQ:ASTS) Stock Falls 2.6% – Should You Sell?

Posted by Brenda Bartman on Oct 1st, 2026

AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) shares traded down 2.6% during mid-day trading on Tuesday. The stock traded as low as $58.58 and last traded at $59.40. Approximately 15,883,060 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 16,574,934 shares. The stock had previously closed at $61.00.

AST SpaceMobile News Summary

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

Positive Sentiment: Satellite deployment progress: AST SpaceMobile shipped three additional BlueBird satellites to Cape Canaveral, reportedly positioning the spacecraft for the next launch. The shipment supports the company’s plans to expand its space-based cellular network and was a key reason the stock increased. AST SpaceMobile ships three more BlueBird satellites to Cape Canaveral
Positive Sentiment: Takeover speculation: A newly disclosed change-of-control severance policy for senior executives sparked speculation that AST SpaceMobile could attract an acquisition offer or strategic investment. Options activity also pointed to expectations for near-term strength, although no transaction has been announced. AST SpaceMobile takeover speculation
Positive Sentiment: Regulatory and competitive support: CEO Abel Avellan met FCC Chairman Brendan Carr to advocate expanded direct-to-device spectrum access, including the lower 6 GHz band. Separately, AT&T CEO John Stankey questioned the viability of SpaceX’s competing rooftop-cellular strategy, potentially improving sentiment toward AST SpaceMobile’s approach. AST SpaceMobile BlueBird convoy and FCC meeting
Neutral Sentiment: Speculative valuation: Analysts and financial commentary continue to debate whether AST SpaceMobile can grow revenue substantially as its network scales. The company remains unprofitable, with a negative P/E ratio and significant ongoing funding needs, making the stock particularly sensitive to execution and financing news.
Negative Sentiment: Legal overhang: Several law firms announced or promoted securities class actions covering investors who purchased ASTS between March 4, 2025, and July 15, 2026. The lawsuits allege the company made misleading statements about its capital and liquidity position and cite $3 billion of convertible-note offerings, which could create legal costs, dilution concerns and reputational pressure. AST SpaceMobile securities fraud class action
Negative Sentiment: Execution and competition risks: AST SpaceMobile is burning cash while building an expensive satellite constellation, and SpaceX’s successful orbital satellite deployment highlights intensifying competition in space-based connectivity.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald lifted their price target on shares of AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Monday, September 21st. Deutsche Bank Aktiengesellschaft set a $93.00 price objective on AST SpaceMobile in a research note on Wednesday, August 12th. Scotiabank raised AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 target price on the stock in a research note on Wednesday, July 29th. Finally, Berenberg Bank initiated coverage on shares of AST SpaceMobile in a research note on Wednesday, September 2nd. They set a “buy” rating and a $92.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $86.58.

Check Out Our Latest Research Report on ASTS

AST SpaceMobile Stock Up 0.5%

The firm has a market cap of $23.01 billion, a PE ratio of -27.18 and a beta of 2.74. The company has a current ratio of 13.05, a quick ratio of 12.90 and a debt-to-equity ratio of 1.24. The firm has a 50 day moving average price of $62.82 and a 200-day moving average price of $77.19.

AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.45). AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%.The firm had revenue of $31.52 million during the quarter, compared to analysts’ expectations of $34.53 million. During the same quarter in the prior year, the firm earned ($0.41) EPS. Research analysts forecast that AST SpaceMobile, Inc. will post -1.95 EPS for the current fiscal year.

Insider Activity

In other news, COO Shanti B. Gupta sold 12,000 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $58.89, for a total value of $706,680.00. Following the completion of the transaction, the chief operating officer owned 462,980 shares in the company, valued at approximately $27,264,892.20. This represents a 2.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Huiwen Yao sold 40,000 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $58.93, for a total transaction of $2,357,200.00. Following the completion of the sale, the chief technology officer directly owned 34,750 shares of the company’s stock, valued at approximately $2,047,817.50. This trade represents a 53.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 20.89% of the company’s stock.

Institutional Investors Weigh In On AST SpaceMobile

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASTS. Norges Bank purchased a new stake in AST SpaceMobile in the 4th quarter valued at $198,270,000. Bank of America Corp DE grew its position in AST SpaceMobile by 140.3% during the 1st quarter. Bank of America Corp DE now owns 1,644,246 shares of the company’s stock worth $136,259,000 after purchasing an additional 960,045 shares during the last quarter. First Trust Advisors LP grew its position in AST SpaceMobile by 14.3% during the 1st quarter. First Trust Advisors LP now owns 1,316,852 shares of the company’s stock worth $109,128,000 after purchasing an additional 164,303 shares during the last quarter. Focus Partners Wealth increased its stake 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 purchasing an additional 1,253,967 shares during the period. Finally, Tidal Investments LLC increased its stake in AST SpaceMobile by 9,876.8% in the second quarter. Tidal Investments LLC now owns 1,049,061 shares of the company’s stock valued at $93,220,000 after purchasing an additional 1,038,546 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Company Profile

(Get Free Report)

AST SpaceMobile, Inc develops a space-based cellular broadband network designed to connect standard mobile phones directly to satellites without requiring specialized satellite phones or equipment. The company’s objective is to extend mobile connectivity to areas that lack reliable terrestrial cellular coverage, including remote and underserved regions.

Its system is built around the planned SpaceMobile satellite constellation, including BlueBird satellites equipped with large communications arrays.