AST SpaceMobile (NASDAQ:ASTS) Shares Down 8.8% – Time to Sell?

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s stock price traded down 8.8% during trading on Wednesday . The company traded as low as $106.29 and last traded at $107.73. 17,424,972 shares were traded during mid-day trading, a decline of 1% from the average session volume of 17,689,918 shares. The stock had previously closed at $118.17.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: AST SpaceMobile is being mentioned alongside other space names that have benefited from renewed interest in the sector after SpaceX’s IPO roadshow, which has helped lift sentiment across space stocks. Article Title
• Positive Sentiment: One article argues AST SpaceMobile could still benefit from its BlueBird launch progress and reaffirmed 2026 guidance, reinforcing the bull case even after recent volatility. Article Title
• Neutral Sentiment: Several recent write-ups are questioning whether ASTS is overextended after its sharp multi-week run, highlighting valuation concerns and the need to reassess the stock after big swings. Article Title
• Neutral Sentiment: Another analysis notes AST SpaceMobile faces competitive pressure from Starlink and broader macro risks, but says an upcoming multi-satellite BlueBird launch could change sentiment. Article Title
• Negative Sentiment: Recent commentary also points to ASTS slipping with the broader space trade after a strong prior rally, as enthusiasm cooled when the SpaceX-driven buying frenzy faded. Article Title

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ASTS. Wall Street Zen cut shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 15th. Barclays increased their target price on AST SpaceMobile from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Thursday, April 9th. UBS Group cut their price target on shares of AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Tuesday, May 12th. B. Riley Financial upped their target price on shares of AST SpaceMobile from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft cut shares of AST SpaceMobile from a “buy” rating to a “hold” rating and dropped their target price for the stock from $117.00 to $106.00 in a report on Friday, May 29th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, AST SpaceMobile has an average rating of “Reduce” and a consensus price target of $81.33.

AST SpaceMobile Trading Down 6.2%

The company’s fifty day simple moving average is $89.65 and its 200-day simple moving average is $86.66. The company has a debt-to-equity ratio of 1.11, a current ratio of 18.47 and a quick ratio of 18.37. The firm has a market capitalization of $39.05 billion, a PE ratio of -56.53 and a beta of 2.70.

AST SpaceMobile (NASDAQ:ASTS) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.43). The firm had revenue of $14.74 million for the quarter, compared to analysts’ expectations of $39.01 million. AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The firm’s revenue for the quarter was up 1952.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.20) earnings per share. As a group, sell-side analysts expect that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current fiscal year.

Insider Buying and Selling at AST SpaceMobile

In related news, major shareholder Hiroshi Mikitani sold 1,690,000 shares of the company’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $91.42, for a total transaction of $154,499,800.00. Following the completion of the sale, the insider owned 29,330,155 shares of the company’s stock, valued at approximately $2,681,362,770.10. This represents a 5.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Andrew Martin Johnson sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $90.25, for a total value of $451,250.00. Following the transaction, the chief financial officer owned 565,805 shares in the company, valued at approximately $51,063,901.25. This represents a 0.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 3,100,000 shares of company stock valued at $276,048,350. Insiders own 20.89% of the company’s stock.

Hedge Funds Weigh In On AST SpaceMobile

Large investors have recently modified their holdings of the business. REAP Financial Group LLC acquired a new position in shares of AST SpaceMobile in the 3rd quarter worth approximately $25,000. Crewe Advisors LLC acquired a new stake in AST SpaceMobile during the fourth quarter worth approximately $25,000. Laurel Wealth Advisors LLC purchased a new stake in AST SpaceMobile in the fourth quarter valued at $25,000. Cornerstone Planning Group LLC boosted its stake in AST SpaceMobile by 16,350.0% in the first quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock valued at $27,000 after acquiring an additional 327 shares in the last quarter. Finally, Byrne Asset Management LLC purchased a new position in shares of AST SpaceMobile during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

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.