AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report)’s stock price dropped 5.8% on Wednesday. The stock traded as low as $59.92 and last traded at $59.98. 8,405,655 shares changed hands during mid-day trading, a decline of 50% from the average daily volume of 16,725,760 shares. The stock had previously closed at $63.69.
AST SpaceMobile News Roundup
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: A broad rally across pure-play space companies lifted AST SpaceMobile along with Rocket Lab and Planet Labs, suggesting sector-wide buying rather than a company-specific catalyst. Space stocks rally article
- Positive Sentiment: Some investors view ASTS as more attractively valued after its roughly 55% decline from prior highs. The company’s potential long-term moat includes more than 60 carrier partners representing approximately 3 billion subscribers and a planned satellite network designed to provide direct-to-smartphone connectivity. AST SpaceMobile moat article
- Neutral Sentiment: Investors are awaiting the next earnings report for updates on deployment timing, cash usage, satellite launches and commercialization. Recent coverage also frames ASTS against Intuitive Machines as investors compare space-infrastructure opportunities. Upcoming earnings report article
- Negative Sentiment: AST SpaceMobile reportedly pushed its commercial launch timeline into 2027 after delaying the launch of 45 satellites. Although the company raised $1.15 billion and has approximately $3.7 billion of liquidity, the delay could postpone revenue generation and increase execution risk. Commercial launch delay article
- Negative Sentiment: Several law firms announced or promoted a securities class action covering investors who purchased ASTS securities from March 4, 2025, through July 15, 2026, with a lead-plaintiff deadline of November 13, 2026. Allegations include misleading investors about capital sufficiency, competitive advantages and the impact of convertible-note financings on shareholder dilution. The lawsuits are allegations, not established findings, but they create legal, financial and reputational uncertainty. Pomerantz class action article SBS securities lawsuit article
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on ASTS. Scotiabank upgraded shares of 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 report on Wednesday, July 29th. B. Riley Financial upgraded AST SpaceMobile from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Friday, July 17th. Deutsche Bank Aktiengesellschaft set a $93.00 price objective on AST SpaceMobile in a report on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AST SpaceMobile in a report on Monday. Finally, New Street Research set a $106.00 target price on AST SpaceMobile in a research report on Friday, May 29th. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.58.
AST SpaceMobile Price Performance
The stock has a market cap of $23.96 billion, a P/E ratio of -28.72 and a beta of 2.74. The business has a 50-day simple moving average of $62.80 and a 200 day simple moving average of $77.98. The company has a current ratio of 13.05, a quick ratio of 12.90 and a debt-to-equity ratio of 1.24.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $31.52 million for the quarter, compared to the consensus estimate of $34.53 million. AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%.During the same quarter last year, the business earned ($0.41) earnings per share. On average, analysts forecast that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current year.
Insider Transactions at AST SpaceMobile
In related news, COO Shanti B. Gupta sold 12,000 shares of AST SpaceMobile stock in a transaction on Wednesday, September 16th. The shares were 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 $27,264,892.20. This trade represents a 2.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction, the chief technology officer owned 34,750 shares in the company, valued at approximately $2,047,817.50. 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. Corporate insiders own 20.89% of the company’s stock.
Institutional Trading of AST SpaceMobile
A number of large investors have recently bought and sold shares of ASTS. Compass Financial Management LLC bought a new stake in shares of AST SpaceMobile during the 2nd quarter valued at about $26,000. Cornerstone Planning Group LLC increased its holdings in AST SpaceMobile by 16,350.0% in the first quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock worth $27,000 after purchasing an additional 327 shares in the last quarter. Grove Bank & Trust acquired a new position in AST SpaceMobile in the second quarter valued at approximately $27,000. Continuum Advisory LLC bought a new position in shares of AST SpaceMobile during the 2nd quarter worth approximately $28,000. Finally, Portus Wealth Advisors LLC bought a new position in shares of AST SpaceMobile during the 1st quarter worth approximately $30,000. 60.95% of the stock is currently owned by institutional investors and hedge funds.
About AST SpaceMobile
AST SpaceMobile, Inc develops a space-based cellular broadband network designed to connect standard, unmodified mobile phones directly to satellites. Its planned service is intended to extend mobile connectivity beyond the coverage of traditional terrestrial wireless networks, including in rural, remote and underserved areas.
The company’s primary technology platform consists of large, low-Earth-orbit satellites known as BlueBirds. AST SpaceMobile is developing these satellites to provide voice, messaging and broadband data services through partnerships with mobile network operators, using existing cellular devices and spectrum where permitted.
Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.
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