AST SpaceMobile (NASDAQ:ASTS) Shares Down 10.5% – Time to Sell?

Posted by Stanley Muller on Oct 16th, 2026

AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) traded down 10.5% during trading on Wednesday. The company traded as low as $42.00 and last traded at $42.14. 26,772,965 shares traded hands during trading, an increase of 60% from the average session volume of 16,773,490 shares. The stock had previously closed at $47.06.

AST SpaceMobile News Roundup

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

Positive Sentiment: AST SpaceMobile and TELUS completed an integration test connecting TELUS’ terrestrial network with AST’s satellite system. The test supports the company’s plan to provide direct-to-smartphone connectivity in remote and underserved Canadian markets, although commercial deployment still depends on satellite launches. Launch Delays Could Change The Case For AST SpaceMobile Stock
Positive Sentiment: Some market commentary points to potentially attractive options pricing and argues that the selloff may create a speculative bullish trading opportunity. This reflects trading sentiment rather than a change in AST SpaceMobile’s fundamentals. Why There Might Be a Mathematical Incentive to Bet on AST SpaceMobile Stock’s 227% Options Spread

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Royal Bank Of Canada cut shares of AST SpaceMobile to a “sector perform” rating in a research note on Friday, October 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Monday, September 21st. Deutsche Bank Aktiengesellschaft upgraded shares of AST SpaceMobile from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Monday. UBS Group began coverage on AST SpaceMobile in a research note on Wednesday, September 2nd. They set a “buy” rating on the stock. Finally, William Blair reiterated a “market perform” rating on shares of AST SpaceMobile in a report on Monday, October 5th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, AST SpaceMobile presently has a consensus rating of “Hold” and a consensus target price of $80.18.

Check Out Our Latest Research Report on ASTS

AST SpaceMobile Price Performance

The company has a market cap of $16.03 billion, a PE ratio of -19.26 and a beta of 2.72. The business has a 50 day moving average of $61.23 and a 200 day moving average of $74.42. The company has a debt-to-equity ratio of 1.24, a current ratio of 13.05 and a quick ratio of 12.90.

AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last announced its earnings results on Monday, August 10th. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.45). AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. The company had revenue of $31.52 million for the quarter, compared to the consensus estimate of $34.53 million. During the same period in the previous year, the firm posted ($0.41) EPS. As a group, research analysts predict that AST SpaceMobile, Inc. will post -1.92 EPS for the current year.

Insider Activity

In other news, Director Adriana Cisneros acquired 10,822 shares of the stock in a transaction on Monday, August 31st. The stock was acquired at an average price of $57.22 per share, with a total value of $619,234.84. Following the completion of the transaction, the director owned 797,023 shares of the company’s stock, valued at $45,605,656.06. This represents a 1.38% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Shanti B. Gupta sold 12,000 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $58.89, for a total transaction of $706,680.00. Following the completion of the transaction, the chief operating officer owned 462,980 shares of the company’s stock, valued at approximately $27,264,892.20. The trade was a 2.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 20.89% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASTS. Tidal Investments LLC increased its holdings in shares of AST SpaceMobile by 9,876.8% during the second quarter. Tidal Investments LLC now owns 1,049,061 shares of the company’s stock valued at $93,220,000 after acquiring an additional 1,038,546 shares in the last quarter. Tema ETFs LLC grew its position in AST SpaceMobile by 109,486.8% during the 2nd quarter. Tema ETFs LLC now owns 1,003,815 shares of the company’s stock valued at $89,199,000 after purchasing an additional 1,002,899 shares during the last quarter. 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 valued at $136,259,000 after purchasing an additional 960,045 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in AST SpaceMobile during the 2nd quarter valued at about $67,907,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in AST SpaceMobile during the 1st quarter valued at about $34,627,000. Institutional investors own 60.95% of the company’s stock.

About AST SpaceMobile

(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.