Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) dropped 8.5% during mid-day trading on Tuesday. The company traded as low as $46.23 and last traded at $47.07. 22,924,993 shares were traded during mid-day trading, an increase of 37% from the average session volume of 16,722,135 shares. The stock had previously closed at $51.46.
Key Stories Impacting AST SpaceMobile
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: Deutsche Bank upgraded AST SpaceMobile to Buy from Hold and maintained a $93 price target, arguing that SpaceX’s spectrum acquisition could ultimately make AST’s satellite-to-phone network more attractive to wireless carriers. AST SpaceMobile upgraded to buy at Deutsche Bank as selloff called misread
- Positive Sentiment: AST announced that three additional BlueBird satellites had reached Cape Canaveral ahead of launch. The hardware milestone supports progress toward the constellation required for commercial service, although the company has not yet generated recurring commercial revenue. AST SpaceMobile Rallies as Next BlueBird Satellites Reach Cape Canaveral
- Neutral Sentiment: The FCC granted AST a 30-day authorization to test radiolocation capabilities in the 902–928 MHz band across the contiguous United States and Hawaii, providing a regulatory and technology-testing milestone but not immediate revenue.
- Negative Sentiment: Piper Sandler downgraded ASTS to Neutral and reportedly cut its price target by 45%, citing SpaceX’s expanding direct-to-cell ambitions and the risk that satellite-launch challenges delay AST’s commercial rollout. SpaceX’s potential combination of Ligado, Viasat and additional FCC spectrum could create a significant competing mid-band platform. AST SpaceMobile Price Target Is Slashed in Half
- Negative Sentiment: Several law firms publicized a securities class action and a November 13, 2026 lead-plaintiff deadline. The allegations include overstating AST’s capital position and competitive advantage, while approximately $3 billion of convertible-note offerings allegedly increased dilution. These are allegations, not established findings, but the legal overhang adds to investor uncertainty. ASTS Shareholder Alert
- Negative Sentiment: Investors remain concerned about AST’s substantial losses, high operating costs, launch risk and future capital requirements. The stock’s elevated volatility and decline from its 12-month high amplify sensitivity to analyst changes and competitive developments.
Analyst Ratings Changes
ASTS has been the subject of several recent analyst reports. Cantor Fitzgerald boosted their target price on AST SpaceMobile from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Scotiabank raised AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 price target on the stock in a report on Wednesday, July 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Monday, September 21st. Piper Sandler downgraded AST SpaceMobile from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $98.00 to $54.00 in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised AST SpaceMobile from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Monday. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, AST SpaceMobile currently has a consensus rating of “Hold” and a consensus price target of $80.18.
AST SpaceMobile Stock Performance
The company’s 50-day moving average price is $62.67 and its two-hundred day moving average price is $75.33. The company has a debt-to-equity ratio of 1.24, a quick ratio of 12.90 and a current ratio of 13.05. The stock has a market cap of $18.31 billion, a PE ratio of -21.99 and a beta of 2.72.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last posted 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). AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. 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 prior year, the firm posted ($0.41) earnings per share. On average, equities research analysts forecast that AST SpaceMobile, Inc. will post -1.95 EPS for the current year.
Insiders Place Their Bets
In other news, Director Adriana Cisneros bought 10,822 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was bought at an average price of $57.22 per share, for a total transaction of $619,234.84. Following the transaction, the director directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Huiwen Yao sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $58.93, for a total value 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 represents a 53.51% decrease in their position. 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. Corporate insiders own 20.89% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. 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 acquiring an additional 960,045 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of AST SpaceMobile by 14.3% in the first 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 boosted its position in AST SpaceMobile by 8,016.7% during the 4th quarter. Focus Partners Wealth now owns 1,269,609 shares of the company’s stock valued at $92,000,000 after buying an additional 1,253,967 shares during the period. Tidal Investments LLC boosted its position in AST SpaceMobile by 9,876.8% during the 2nd quarter. Tidal Investments LLC now owns 1,049,061 shares of the company’s stock valued at $93,220,000 after buying an additional 1,038,546 shares during the period. Finally, Tema ETFs LLC increased its position in shares of AST SpaceMobile by 109,486.8% in the second quarter. Tema ETFs LLC now owns 1,003,815 shares of the company’s stock valued at $89,199,000 after acquiring an additional 1,002,899 shares during the period. Hedge funds and other institutional investors own 60.95% of the company’s stock.
AST SpaceMobile Company Profile
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.
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