AST SpaceMobile (NASDAQ:ASTS) Stock Price Down 3.1% – Time to Sell?

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s share price was down 3.1% on Thursday. The stock traded as low as $56.92 and last traded at $57.04. 12,311,465 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 16,520,297 shares. The stock had previously closed at $58.86.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: AST SpaceMobile shipped three additional BlueBird satellites to Cape Canaveral, bringing its next launch trio closer to deployment. The milestone reinforces progress toward expanding its direct-to-smartphone satellite network. AST SpaceMobile ships three more BlueBird satellites to Cape Canaveral
• Positive Sentiment: CEO Abel Avellan reportedly met FCC Chairman Brendan Carr to advocate expanded spectrum access, including the lower 6 GHz band. Additional spectrum could improve the company’s long-term network capacity and coverage if approved. ASTS BlueBird convoy and spectrum discussions
• Positive Sentiment: A change-of-control severance policy for senior executives has fueled speculation that AST SpaceMobile could become an acquisition or strategic-investment target. However, no transaction has been announced, so this remains an unconfirmed catalyst. AST SpaceMobile takeover speculation
• Neutral Sentiment: AT&T CEO John Stankey criticized SpaceX’s rooftop cellular strategy as impractical, a comment that may indirectly support AST SpaceMobile’s competing satellite-to-phone approach. The broader competitive implications remain uncertain. AT&T comments on SpaceX’s wireless strategy
• Negative Sentiment: Several law firms announced or promoted securities class actions against AST SpaceMobile and certain officers. The complaints allege that the company overstated its capital and liquidity position and that executives sold more than $18 million of stock during the relevant period. These are allegations, not established findings, but the litigation creates legal, financial and reputational risk. The lead-plaintiff deadline is November 13, 2026. AST SpaceMobile class action announcement
• Negative Sentiment: Investor commentary continues to highlight AST SpaceMobile’s capital needs, dilution from convertible-note offerings and a highly speculative valuation. Those concerns could limit upside unless satellite deployments translate into substantially higher revenue and cash flow. ASTS investor alert

Wall Street Analyst Weigh In

Several research firms recently issued reports on ASTS. Cantor Fitzgerald lifted their price objective on AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a research note 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. UBS Group assumed coverage on shares of AST SpaceMobile in a research report on Wednesday, September 2nd. They set a “buy” rating for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Monday, September 21st. Finally, Piper Sandler dropped their target price on AST SpaceMobile from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Tuesday, August 11th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $86.58.

AST SpaceMobile Price Performance

The stock has a market cap of $22.20 billion, a PE ratio of -26.65 and a beta of 2.74. The business’s 50-day simple moving average is $62.82 and its 200-day simple moving average is $77.19. The company has a quick ratio of 12.90, a current ratio of 13.05 and a debt-to-equity ratio of 1.24.

AST SpaceMobile (NASDAQ:ASTS) last posted its earnings results on Monday, August 10th. The company reported ($0.77) earnings per share 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 firm had revenue of $31.52 million for the quarter, compared to analysts’ expectations of $34.53 million. During the same quarter in the prior year, the company posted ($0.41) earnings per share. On average, research analysts expect that AST SpaceMobile, Inc. will post -1.95 EPS for the current fiscal year.

Insider Transactions at AST SpaceMobile

In other news, COO Shanti Gupta sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $58.89, for a total transaction of $706,680.00. Following the transaction, the chief operating officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Adriana Cisneros purchased 10,822 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average cost of $57.22 per share, with a total value of $619,234.84. Following the purchase, the director directly owned 797,023 shares of the company’s stock, valued at $45,605,656.06. This trade represents a 1.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 20.89% of the company’s stock.

Institutional Trading of AST SpaceMobile

Institutional investors and hedge funds have recently bought and sold shares of the stock. Focus Partners Wealth increased its stake in shares of AST SpaceMobile by 8,016.7% in the 4th quarter. Focus Partners Wealth now owns 1,269,609 shares of the company’s stock worth $92,000,000 after acquiring an additional 1,253,967 shares in the last quarter. ABN Amro Investment Solutions bought a new stake in AST SpaceMobile during the first quarter worth about $996,000. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new stake in AST SpaceMobile in the fourth quarter worth about $2,290,000. KBC Group NV increased its stake in shares of AST SpaceMobile by 259.5% during the first quarter. KBC Group NV now owns 23,438 shares of the company’s stock valued at $1,942,000 after purchasing an additional 16,918 shares in the last quarter. Finally, Bank of Nova Scotia bought a new position in shares of AST SpaceMobile during the first quarter valued at approximately $1,329,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

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.