AST SpaceMobile (NASDAQ:ASTS) Shares Down 8.5% – Should You Sell?

Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) dropped 8.5% during mid-day trading on Tuesday. The company traded as low as $46.23 and last traded at $47.07. Approximately 22,924,993 shares were traded during trading, an increase of 37% from the average daily volume of 16,722,135 shares. The stock had previously closed at $51.46.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: Deutsche Bank upgraded AST SpaceMobile to Buy from Hold and maintained a $93 price target, arguing that SpaceX’s spectrum acquisition could ultimately make AST’s satellite-to-phone network more attractive to wireless carriers. AST SpaceMobile upgraded to buy at Deutsche Bank as selloff called misread
• Positive Sentiment: AST announced that three additional BlueBird satellites had reached Cape Canaveral ahead of launch. The hardware milestone supports progress toward the constellation required for commercial service, although the company has not yet generated recurring commercial revenue. AST SpaceMobile Rallies as Next BlueBird Satellites Reach Cape Canaveral
• Neutral Sentiment: The FCC granted AST a 30-day authorization to test radiolocation capabilities in the 902–928 MHz band across the contiguous United States and Hawaii, providing a regulatory and technology-testing milestone but not immediate revenue.
• Negative Sentiment: Piper Sandler downgraded ASTS to Neutral and reportedly cut its price target by 45%, citing SpaceX’s expanding direct-to-cell ambitions and the risk that satellite-launch challenges delay AST’s commercial rollout. SpaceX’s potential combination of Ligado, Viasat and additional FCC spectrum could create a significant competing mid-band platform. AST SpaceMobile Price Target Is Slashed in Half
• Negative Sentiment: Several law firms publicized a securities class action and a November 13, 2026 lead-plaintiff deadline. The allegations include overstating AST’s capital position and competitive advantage, while approximately $3 billion of convertible-note offerings allegedly increased dilution. These are allegations, not established findings, but the legal overhang adds to investor uncertainty. ASTS Shareholder Alert
• Negative Sentiment: Investors remain concerned about AST’s substantial losses, high operating costs, launch risk and future capital requirements. The stock’s elevated volatility and decline from its 12-month high amplify sensitivity to analyst changes and competitive developments.

Wall Street Analyst Weigh In

ASTS has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised 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. Royal Bank Of Canada downgraded AST SpaceMobile to a “sector perform” rating in a report on Friday, October 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Monday, September 21st. Cantor Fitzgerald raised 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. Finally, Berenberg Bank started coverage on shares of AST SpaceMobile in a report on Wednesday, September 2nd. They set a “buy” rating and a $92.00 price objective on the stock. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $80.18.

AST SpaceMobile Stock Performance

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 stock has a market cap of $18.31 billion, a PE ratio of -21.99 and a beta of 2.72. The company’s 50 day simple moving average is $62.67 and its 200 day simple moving average is $75.33.

AST SpaceMobile (NASDAQ:ASTS) last posted its earnings results on Monday, August 10th. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.45). The firm had revenue of $31.52 million for the quarter, compared to the consensus estimate of $34.53 million. AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. During the same period in the prior year, the business earned ($0.41) EPS. Analysts expect that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current year.

Insiders Place Their Bets

In other news, COO Shanti B. Gupta sold 12,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief operating officer directly owned 462,980 shares of the company’s stock, valued at $27,264,892.20. This trade represents a 2.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Adriana Cisneros bought 10,822 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were acquired at an average cost of $57.22 per share, with a total value of $619,234.84. Following the completion of the transaction, the director owned 797,023 shares in the company, valued at approximately $45,605,656.06. The trade was a 1.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 20.89% of the company’s stock.

Hedge Funds Weigh In On AST SpaceMobile

Institutional investors have recently added to or reduced their stakes in the stock. Compass Financial Management LLC purchased a new position in AST SpaceMobile during the second quarter valued at approximately $26,000. Cornerstone Planning Group LLC increased its holdings in AST SpaceMobile by 16,350.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock worth $27,000 after acquiring an additional 327 shares during the period. Grove Bank & Trust purchased a new stake in AST SpaceMobile in the 2nd quarter worth approximately $27,000. Continuum Advisory LLC purchased a new stake in AST SpaceMobile in the 2nd quarter worth approximately $28,000. Finally, Portus Wealth Advisors LLC purchased a new stake in AST SpaceMobile in the 1st quarter worth approximately $30,000. Institutional investors own 60.95% of the company’s stock.

About AST SpaceMobile

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.