AST SpaceMobile (NASDAQ:ASTS) Stock Price Down 4.9% – Should You Sell?

Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) were down 4.9% during trading on Friday. The stock traded as low as $39.21 and last traded at $40.97. Approximately 13,644,217 shares traded hands during trading, a decline of 18% from the average daily volume of 16,642,203 shares. The stock had previously closed at $43.07.

AST SpaceMobile News Roundup

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

• Positive Sentiment: FCC spectrum expansion improves the industry outlook. The Federal Communications Commission adopted a proposal to expand spectrum available for “supplemental coverage from space,” potentially allowing AST SpaceMobile and wireless carriers to use satellite links more broadly in areas outside conventional tower coverage. ASTS Stock Gains On FCC Plan to Expand Direct-To-Phone Spectrum
• Positive Sentiment: Brazil authorizations and operator agreements advance commercialization. AST SpaceMobile received spectrum authorizations from Brazil’s telecom regulator and signed agreements with four regional mobile operators. The deals could support future satellite-enabled broadband coverage in underserved Brazilian markets and validate the company’s international partnership strategy. AST SpaceMobile Secures Brazil Spectrum Authorizations and Four Operator Agreements
• Positive Sentiment: Bullish commentary points to potential growth beyond the recent selloff. An investment analysis cited AST’s funded satellite constellation, more than 60 carrier partners and possible large government contracts as reasons the shares may be undervalued relative to their long-term opportunity. These contracts remain potential rather than guaranteed catalysts. Prediction: ASTS Could Be Entering Its Biggest Growth Phase Yet
• Negative Sentiment: Multiple law firms are promoting a securities-fraud class action. The lawsuit covers investors who purchased ASTS securities from March 4, 2025, through July 15, 2026, with a November 13, 2026 lead-plaintiff deadline. Attorneys allege the company made material misstatements or omissions regarding capital and liquidity, including claims tied to roughly $3 billion of convertible-note offerings and dilution. The allegations have not been proven, but the litigation adds reputational and legal uncertainty. Pomerantz Class Action Announcement
• Negative Sentiment: Amazon’s approved Globalstar transaction raises competitive concerns. Amazon’s sizable investment and FCC-approved deal involving Globalstar could strengthen a rival satellite-connectivity ecosystem, increasing pressure on AST SpaceMobile to execute its constellation deployment and secure commercial contracts. Amazon’s FCC-Approved Globalstar Deal

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ASTS shares. B. Riley Financial lowered shares of AST SpaceMobile from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $85.00 to $65.00 in a research note on Friday, October 2nd. Scotiabank upgraded shares of AST SpaceMobile from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $50.80 to $55.70 in a report on Friday, October 23rd. William Blair reiterated a “market perform” rating on shares of AST SpaceMobile in a research note on Monday, October 5th. Deutsche Bank Aktiengesellschaft upgraded shares of AST SpaceMobile from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research note on Monday, October 12th. Finally, UBS Group began coverage on shares of AST SpaceMobile in a research report on Wednesday, September 2nd. They set a “buy” rating on the stock. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, AST SpaceMobile currently has an average rating of “Hold” and a consensus price target of $80.67.

AST SpaceMobile Price Performance

The stock has a market cap of $15.94 billion, a P/E ratio of -19.14 and a beta of 2.72. 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 business has a 50 day simple moving average of $55.02 and a 200-day simple moving average of $77.74.

AST SpaceMobile (NASDAQ:ASTS) last announced 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). The business had revenue of $31.52 million for the quarter, compared to analysts’ expectations of $34.53 million. AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. During the same period in the prior year, the business earned ($0.41) earnings per share. On average, sell-side analysts forecast that AST SpaceMobile, Inc. will post -1.91 EPS for the current year.

Insider Activity at AST SpaceMobile

In other AST SpaceMobile news, COO Shanti B. Gupta sold 12,000 shares of AST SpaceMobile stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $58.89, for a total value of $706,680.00. Following the sale, the chief operating officer owned 462,980 shares of the company’s stock, valued at approximately $27,264,892.20. The trade was a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Adriana Cisneros bought 10,822 shares of the company’s stock in a transaction 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 completion of the purchase, the director owned 797,023 shares of the company’s stock, valued at approximately $45,605,656.06. The trade was a 1.38% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 20.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hollencrest Capital Management raised its holdings in shares of AST SpaceMobile by 11.7% in the 1st quarter. Hollencrest Capital Management now owns 1,592 shares of the company’s stock worth $132,000 after purchasing an additional 167 shares during the period. Byrne Asset Management LLC lifted its stake in AST SpaceMobile by 17.0% in the third quarter. Byrne Asset Management LLC now owns 1,170 shares of the company’s stock valued at $67,000 after purchasing an additional 170 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in AST SpaceMobile by 15.5% in the second quarter. TD Waterhouse Canada Inc. now owns 1,404 shares of the company’s stock valued at $121,000 after purchasing an additional 188 shares during the last quarter. MGO One Seven LLC lifted its stake in AST SpaceMobile by 1.9% in the third quarter. MGO One Seven LLC now owns 12,536 shares of the company’s stock valued at $738,000 after purchasing an additional 239 shares during the last quarter. Finally, Salvus Wealth Management LLC grew its holdings in AST SpaceMobile by 0.4% during the third quarter. Salvus Wealth Management LLC now owns 70,662 shares of the company’s stock valued at $4,159,000 after purchasing an additional 263 shares during the period. 60.95% of the stock is owned by institutional investors.

About AST SpaceMobile

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.