AST SpaceMobile (NASDAQ:ASTS) Stock Falls 1.8% – Here’s What Happened

by · The Markets Daily

AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report)’s share price dropped 1.8% during mid-day trading on Tuesday. The stock traded as low as $39.02 and last traded at $41.13. 13,926,974 shares were traded during trading, a decline of 17% from the average session volume of 16,782,129 shares. The stock had previously closed at $41.87.

More AST SpaceMobile News

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

  • Positive Sentiment: Roth MKM issued a Buy rating and argued that AST SpaceMobile’s shares could more than double, providing a bullish counterpoint to Piper Sandler’s recent Neutral downgrade and lower price target. AST SpaceMobile Receives a Buy from Roth MKM
  • Positive Sentiment: The company said it is advancing toward initial, intermittent space-based cellular broadband coverage in the United States, Canada, Japan, the United Kingdom and Saudi Arabia before year-end. Meeting that timetable would provide an important commercial validation of ASTS’s satellite network. AST SpaceMobile Advances Service Readiness
  • Positive Sentiment: Deutsche Telekom, Orange, Telefónica and Vodafone signed a letter of intent to explore a joint European satellite-spectrum bid. The initiative could expand ASTS’s addressable market to more than 500 million mobile users, although the carriers have not selected a satellite partner. AST SpaceMobile European Spectrum Push
  • Neutral Sentiment: Multiple law firms are soliciting investors for a securities class action covering March 4, 2025 through July 15, 2026, with a November 13, 2026 lead-plaintiff deadline. These are investor notices rather than a court finding, but they add headline and potential liability risk. ASTS Investor Alert
  • Negative Sentiment: Viasat urged the FCC to reject AST SpaceMobile’s request for additional mobile and V-band spectrum, calling the overseas spectrum proposal “fatally flawed.” Regulatory resistance could delay or limit the company’s planned 248-satellite system and weighs on sentiment. Viasat Challenges AST SpaceMobile Spectrum Bid

Wall Street Analyst Weigh In

Several brokerages have recently commented on ASTS. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Monday, September 21st. UBS Group initiated coverage on shares of AST SpaceMobile in a research report on Wednesday, September 2nd. They set a “buy” rating for the company. Royal Bank Of Canada downgraded shares of AST SpaceMobile to a “sector perform” rating in a report on Friday, October 2nd. William Blair reiterated a “market perform” rating on shares of AST SpaceMobile in a research note on Monday, October 5th. Finally, Scotiabank raised AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 target price on the stock in a report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $80.18.

Read Our Latest Research Report on AST SpaceMobile

AST SpaceMobile Stock Performance

The stock has a 50-day moving average of $60.06 and a 200 day moving average of $73.90. The company has a debt-to-equity ratio of 1.24, a current ratio of 13.05 and a quick ratio of 12.90. The stock has a market capitalization of $16.01 billion, a price-to-earnings ratio of -19.22 and a beta of 2.72.

AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last issued its earnings results on Monday, August 10th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $31.52 million during the quarter, compared to the consensus estimate of $34.53 million. During the same period last year, the business posted ($0.41) EPS. On average, analysts expect that AST SpaceMobile, Inc. will post -1.92 EPS for the current year.

Insider Activity

In other news, CTO Huiwen Yao sold 40,000 shares of the company’s stock in a transaction dated 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 $2,047,817.50. This represents a 53.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Adriana Cisneros bought 10,822 shares of the business’s stock in a transaction on Monday, August 31st. The stock was purchased at an average price of $57.22 per share, for a total transaction of $619,234.84. Following the completion of the acquisition, the director owned 797,023 shares of the company’s stock, valued at approximately $45,605,656.06. This trade represents a 1.38% increase in their position. The SEC filing for this purchase provides additional information. 20.89% of the stock is currently owned by company insiders.

Institutional Trading of AST SpaceMobile

A number of large investors have recently bought and sold shares of ASTS. Bank of America Corp DE grew its stake in shares of 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 in the last quarter. First Trust Advisors LP lifted its position 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 in the last quarter. Tidal Investments LLC lifted its position in shares of AST SpaceMobile by 9,876.8% in the second quarter. Tidal Investments LLC now owns 1,049,061 shares of the company’s stock worth $93,220,000 after purchasing an additional 1,038,546 shares in the last quarter. Tema ETFs LLC boosted its holdings in AST SpaceMobile by 109,486.8% during the second quarter. Tema ETFs LLC now owns 1,003,815 shares of the company’s stock worth $89,199,000 after purchasing an additional 1,002,899 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in AST SpaceMobile by 21.5% during the first quarter. Bank of New York Mellon Corp now owns 837,559 shares of the company’s stock worth $69,409,000 after purchasing an additional 148,464 shares during the last quarter. 60.95% of the stock is owned by institutional investors.

AST SpaceMobile Company Profile

(Get Free Report)

AST SpaceMobile, Inc is a space-based communications company developing a global cellular broadband network designed to connect directly with standard, unmodified mobile phones. Its technology is intended to extend wireless coverage beyond traditional terrestrial networks, including in rural, remote and underserved areas.

The company is building and deploying a constellation of large low Earth orbit satellites, known as the BlueBird satellite system. AST SpaceMobile plans to provide voice, messaging, data and broadband services through partnerships with mobile network operators, allowing subscribers to remain connected outside the reach of conventional cellular towers.

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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