AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $85.53, but opened at $74.10. AST SpaceMobile shares last traded at $78.6090, with a volume of 14,436,821 shares.
AST SpaceMobile News Summary
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: Insurance expected to cover the loss, which should blunt near‑term cash impact on AST’s balance sheet. AST SpaceMobile Stock Sinks After Failed Satellite Launch
- Positive Sentiment: Management reiterated its launch cadence, constellation targets and existing contracts — signaling the company will press on with deployments and commercialization. AST SpaceMobile Addresses Today’s Orbital Launch
- Positive Sentiment: Analysts and coverage note AST’s manufacturing pipeline and upcoming satellites give a viable path to recover capacity and schedules over coming quarters. Manufacturing Pipeline Offers a Path to Recovery
- Neutral Sentiment: Blue Origin successfully re‑used the New Glenn booster but failed the primary mission by deploying BlueBird 7 into the wrong orbit — a technical/operational failure distinct from AST’s hardware. Blue Origin’s New Glenn Put Satellite in Wrong Orbit
- Neutral Sentiment: Some analysts say the direct financial hit should be limited (insurance + replacement capacity), but the incident raises execution and timing risk for AST’s commercialization timeline. CNBC: AST Falls After Blue Origin Places Satellite in Wrong Orbit
- Negative Sentiment: Market reaction is sharp: shares plunged in premarket/early trading as investors price in higher perceived execution risk and potential delays to revenue ramp. AST Stock Tumbles on Wrong Satellite Orbit
- Negative Sentiment: Brokerage sentiment turned cautious (average “Reduce”), and recent insider selling reports add to near‑term downside pressure on the stock. Brokerages Give Reduce Rating
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Friday, March 27th. Wall Street Zen downgraded shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 15th. Scotiabank downgraded shares of AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 price objective on the stock. in a research note on Wednesday, January 7th. B. Riley Financial lowered their price objective on shares of AST SpaceMobile from $105.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, February 13th. Finally, Zacks Research raised AST SpaceMobile from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, AST SpaceMobile presently has an average rating of “Reduce” and a consensus target price of $82.51.
AST SpaceMobile Stock Performance
The stock has a market capitalization of $30.14 billion, a P/E ratio of -59.76 and a beta of 2.81. The firm has a 50-day moving average of $88.90 and a 200 day moving average of $83.53. The company has a quick ratio of 16.27, a current ratio of 16.35 and a debt-to-equity ratio of 0.92.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last issued its earnings results on Monday, March 2nd. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The firm had revenue of $54.31 million during the quarter, compared to the consensus estimate of $39.53 million. AST SpaceMobile had a negative return on equity of 23.02% and a negative net margin of 482.16%.The firm’s quarterly revenue was up 2731.3% compared to the same quarter last year. Research analysts anticipate that AST SpaceMobile, Inc. will post -0.4 EPS for the current fiscal year.
Insiders Place Their Bets
In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $88.88, for a total transaction of $3,555,200.00. Following the completion of the transaction, the chief technology officer directly owned 4,750 shares of the company’s stock, valued at approximately $422,180. This trade represents a 89.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Hiroshi Mikitani sold 1,690,000 shares of AST SpaceMobile stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $91.42, for a total value of $154,499,800.00. Following the transaction, the insider directly owned 29,330,155 shares of the company’s stock, valued at approximately $2,681,362,770.10. The trade was a 5.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,080,000 shares of company stock valued at $274,452,000. Company insiders own 30.90% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings 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. Vodafone Ventures Ltd bought a new position in shares of AST SpaceMobile during the fourth quarter valued at $397,413,000. Morgan Stanley lifted its holdings 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. Geode Capital Management LLC lifted its holdings in shares of AST SpaceMobile by 9.8% during the fourth quarter. Geode Capital Management LLC now owns 4,522,549 shares of the company’s stock valued at $328,749,000 after acquiring an additional 402,505 shares during the period. Finally, State Street Corp increased its stake in shares of AST SpaceMobile by 9.7% in the fourth quarter. State Street Corp now owns 3,951,685 shares of the company’s stock valued at $287,011,000 after buying an additional 350,690 shares in the last quarter. 60.95% of the stock is owned by institutional investors.
About AST SpaceMobile
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.
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