AST SpaceMobile (NASDAQ:ASTS) Sets New 52-Week Low – Here’s What Happened

AST SpaceMobile, Inc. (NASDAQ:ASTS) reached a new 52-week low during trading on Saturday. The company traded as low as $47.57 and last traded at $50.97, with a volume of 54,105,642 shares trading hands. The stock had previously closed at $56.93.

More AST SpaceMobile News

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

• Positive Sentiment: AST SpaceMobile and TELUS completed an integration test linking TELUS’s terrestrial network with AST SpaceMobile’s satellite system for direct smartphone-to-satellite connectivity in Canada. The milestone supports the company’s carrier-partnership strategy and potential commercial rollout. AST SpaceMobile Could Be 67% Undervalued on TELUS Integration Progress
• Positive Sentiment: AST SpaceMobile has reported approximately $3.7 billion in funding and is targeting 45 BlueBird satellites by early 2027. Reaching the estimated 45-to-60-satellite threshold for continuous coverage is viewed as a key catalyst for future revenue, although execution and launch timing remain critical. BlueBird Launches Hold the Key to Future Gains
• Positive Sentiment: Clear Street maintained a Buy rating, saying the FCC’s October 29 agenda favors AST SpaceMobile’s carrier partnerships, though it identified a limited auction-related risk. Clear Street Calls FCC Meeting Agenda Mixed for AST SpaceMobile
• Neutral Sentiment: One report said October short interest totaled zero shares, while other recent coverage cited short interest equal to 21.84% of the float. The conflicting figures make the current short-position data difficult to interpret. 21.84% of AST SpaceMobile’s Float Is Betting Against It
• Negative Sentiment: SpaceX secured low-band spectrum that AST SpaceMobile had pursued, increasing competitive concerns around satellite-to-phone services and limiting ASTS’s spectrum options. Analysts nevertheless note that AST SpaceMobile could become a valuable partner for wireless carriers competing with SpaceX. AST SpaceMobile Falls as SpaceX Spectrum Deal Closes Off Low-Band Option
• Negative Sentiment: Multiple law firms publicized a securities class action alleging material misstatements or omissions related to AST SpaceMobile’s capital and liquidity position, user-adoption risks and dilution from convertible-note offerings. The November 13, 2026 lead-plaintiff deadline adds to headline and potential legal risk. ASTS Investor Alert and Class Action Deadline
• Negative Sentiment: Investors remain concerned that AST SpaceMobile is unprofitable, faces substantial future cash burn and trades at a very high price-to-sales valuation, leaving the stock particularly sensitive to launch delays or weaker-than-expected adoption. The Single Most Important Metric for AST SpaceMobile Stock

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ASTS shares. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Monday, September 21st. Cantor Fitzgerald lifted their price objective on AST SpaceMobile from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. William Blair reaffirmed a “market perform” rating on shares of AST SpaceMobile in a research note on Monday, October 5th. Piper Sandler reduced their target price on AST SpaceMobile from $100.00 to $98.00 and set an “overweight” rating on the stock in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada downgraded shares of AST SpaceMobile to a “sector perform” rating in a research report on Friday, October 2nd. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $84.58.

AST SpaceMobile Stock Performance

The firm has a market cap of $19.84 billion, a price-to-earnings ratio of -23.82 and a beta of 2.72. 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 firm’s fifty day moving average is $62.91 and its 200-day moving average is $75.58.

AST SpaceMobile (NASDAQ:ASTS) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $31.52 million for the quarter, compared to the consensus estimate of $34.53 million. During the same period last year, the company posted ($0.41) EPS. Equities analysts anticipate that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current year.

Insider Activity

In related news, COO Shanti Gupta sold 12,000 shares of the company’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $58.89, for a total transaction of $706,680.00. Following the sale, the chief operating officer owned 462,980 shares in the company, valued at $27,264,892.20. This represents a 2.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Adriana Cisneros bought 10,822 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were acquired at an average price of $57.22 per share, for a total transaction of $619,234.84. Following the transaction, the director owned 797,023 shares in the company, valued at $45,605,656.06. This represents a 1.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 20.89% of the stock is owned by company insiders.

Hedge Funds Weigh In On AST SpaceMobile

Several institutional investors have recently added to or reduced their stakes in ASTS. Focus Partners Wealth boosted its holdings 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 purchasing an additional 1,253,967 shares in the last quarter. Tidal Investments LLC grew its holdings 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 during the last quarter. Tema ETFs LLC grew its holdings in AST SpaceMobile by 109,486.8% in the 2nd quarter. Tema ETFs LLC now owns 1,003,815 shares of the company’s stock worth $89,199,000 after acquiring an additional 1,002,899 shares during the last quarter. Bank of America Corp DE grew its stake in shares of AST SpaceMobile by 140.3% in the first quarter. Bank of America Corp DE now owns 1,644,246 shares of the company’s stock worth $136,259,000 after purchasing an additional 960,045 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of AST SpaceMobile in the 2nd quarter worth approximately $67,907,000. 60.95% of the stock is owned by institutional investors and hedge funds.

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.