AST SpaceMobile (NASDAQ:ASTS) Stock Price Down 7% – Time to Sell?
by Teresa Graham · The Cerbat GemAST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report)’s stock price was down 7% during mid-day trading on Thursday . The company traded as low as $76.92 and last traded at $78.75. Approximately 17,235,072 shares traded hands during mid-day trading, an increase of 11% from the average daily volume of 15,532,508 shares. The stock had previously closed at $84.66.
AST SpaceMobile News Summary
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: FCC grants AST SpaceMobile expanded commercial authority to deploy and operate a large non‑GEO direct‑to‑device constellation (authorization covers up to 248 satellites), validating the technology and clearing a major regulatory hurdle. FCC Grants AST SpaceMobile Commercial Authority
- Neutral Sentiment: Market commentary highlights that the FCC win materially improves ASTS’s addressed market and regulatory moat, but stresses that the stock’s path now hinges on execution and deployment cadence rather than regulatory risk. This Space Stock Just Proved the Bears Wrong Again—Here’s What Comes Next
- Neutral Sentiment: Sector signal: Iridium’s Q1 miss and revenue softness (and its stock pullback) remind investors that satellite communications names can trade on company‑specific execution and broader sector sentiment. Iridium Earnings Miss
- Negative Sentiment: Blue Origin’s flight placed AST’s BlueBird 7 satellite into too‑low an orbit (effectively a loss), triggering a sharp near‑term selloff and raising execution/timeline risk for ASTS’s deployment schedule. AST SpaceMobile Drops 15% After Blue Origin Satellite Mishap
- Negative Sentiment: Competitive risk flagged: AT&T noted that operators like SpaceX (Starlink) and Amazon could rival ASTS in the satellite‑to‑phone market, prompting investor concern about margin and market‑share pressures from deep‑pocketed rivals. ASTS stock slides premarket: AT&T says SpaceX and Amazon could rival AST SpaceMobile
Analysts Set New Price Targets
A number of brokerages have recently commented on ASTS. Scotiabank cut AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 price target on the stock. in a research report on Wednesday, January 7th. New Street Research set a $115.00 price objective on AST SpaceMobile in a research note on Monday. Deutsche Bank Aktiengesellschaft set a $117.00 price objective on shares of AST SpaceMobile in a report on Wednesday, April 15th. Zacks Research upgraded shares of AST SpaceMobile from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Friday, March 27th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, AST SpaceMobile has an average rating of “Reduce” and an average price target of $82.51.
View Our Latest Stock Report on ASTS
AST SpaceMobile Trading Down 7.0%
The firm has a 50-day simple moving average of $87.91 and a 200-day simple moving average of $83.72. The company has a quick ratio of 16.27, a current ratio of 16.35 and a debt-to-equity ratio of 0.92. The stock has a market cap of $30.08 billion, a PE ratio of -59.66 and a beta of 2.81.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last announced its quarterly earnings results on Monday, March 2nd. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.08). AST SpaceMobile had a negative net margin of 482.16% and a negative return on equity of 23.02%. The company had revenue of $54.31 million during the quarter, compared to analysts’ expectations of $39.53 million. The company’s revenue was up 2731.3% compared to the same quarter last year. Equities analysts forecast that AST SpaceMobile, Inc. will post -0.99 earnings per share for the current year.
Insider Activity
In related news, CTO Huiwen Yao sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were 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 owned 4,750 shares of the company’s stock, valued at approximately $422,180. The trade was a 89.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Hiroshi Mikitani sold 1,350,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $86.22, for a total transaction of $116,397,000.00. Following the sale, the insider directly owned 27,980,155 shares in the company, valued at $2,412,448,964.10. This trade represents a 4.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 3,080,000 shares of company stock worth $274,452,000. Company insiders own 30.90% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Vodafone Ventures Ltd purchased a new stake in shares of AST SpaceMobile in the fourth quarter worth $397,413,000. Norges Bank bought a new stake in AST SpaceMobile during the fourth quarter valued at $198,270,000. Vanguard Group Inc. grew its position in AST SpaceMobile by 13.4% during the third quarter. Vanguard Group Inc. now owns 19,919,888 shares of the company’s stock worth $977,668,000 after buying an additional 2,351,539 shares in the last quarter. Clear Street Group Inc. purchased a new position in AST SpaceMobile during the third quarter worth about $90,129,000. Finally, Morgan Stanley increased its stake in AST SpaceMobile by 44.0% in the 4th quarter. Morgan Stanley now owns 4,661,551 shares of the company’s stock worth $338,569,000 after acquiring an additional 1,425,199 shares during the last quarter. 60.95% of the stock is currently owned by hedge funds and other institutional investors.
AST SpaceMobile Company Profile
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.