AST SpaceMobile (NASDAQ:ASTS) Stock Falls 1.8% – Time to Sell?

AST SpaceMobile, Inc. (NASDAQ:ASTS) traded down 1.8% during mid-day trading on Tuesday. The stock traded as low as $39.02 and last traded at $41.13. Approximately 13,926,974 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 16,782,129 shares. The stock had previously closed at $41.87.

AST SpaceMobile News Summary

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

• Positive Sentiment: International service rollout provides a potential catalyst. AST SpaceMobile says it is preparing initial, intermittent direct-to-smartphone broadband coverage in the United States, Canada, Japan, the United Kingdom, and Saudi Arabia before the end of 2026. Bank of America highlighted the five-market target, which could help validate the company’s commercial model if execution continues. AST SpaceMobile Advances Service Readiness Ahead of Initial Space-Based Cellular Broadband Coverage in Key Global Markets
• Positive Sentiment: Some analysts still see substantial upside. Roth MKM maintained a Buy view, while coverage cited a potential share-price doubling if upcoming satellite launches and service deployment meet expectations. SpaceX’s large spectrum investment was also interpreted by some investors as validation of the long-term satellite-to-phone opportunity. AST SpaceMobile Lost 18% in a Week. Roth MKM Says It Could More Than Double

Wall Street Analysts Forecast Growth

ASTS has been the subject of a number of research reports. Berenberg Bank started coverage on AST SpaceMobile in a research report on Wednesday, September 2nd. They set a “buy” rating and a $92.00 price target for the company. Piper Sandler lowered AST SpaceMobile from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $98.00 to $54.00 in a report on Tuesday, October 13th. Scotiabank raised AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 price objective on the stock in a report on Wednesday, July 29th. UBS Group initiated coverage on AST SpaceMobile in a research note on Wednesday, September 2nd. They issued a “buy” rating for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AST SpaceMobile in a report on Monday, September 21st. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $80.18.

AST SpaceMobile Trading Down 0.6%

The stock has a market cap of $15.92 billion, a PE ratio of -19.11 and a beta of 2.72. The company’s fifty day moving average is $58.78 and its 200-day moving average is $73.24. The company has a debt-to-equity ratio of 1.24, a current ratio of 13.05 and a quick ratio of 12.90.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly 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 business had revenue of $31.52 million during 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 previous year, the company posted ($0.41) earnings per share. On average, analysts predict that AST SpaceMobile, Inc. will post -1.92 earnings per share for the current fiscal year.

Insider Transactions at AST SpaceMobile

In other 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 value 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $58.93, for a total value of $2,357,200.00. Following the sale, the chief technology officer directly owned 34,750 shares in the company, valued at approximately $2,047,817.50. This trade represents a 53.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 20.89% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Compass Financial Management LLC purchased a new position in AST SpaceMobile in the second quarter valued at $26,000. Grove Bank & Trust acquired a new position in shares of AST SpaceMobile in the second quarter worth about $27,000. Continuum Advisory LLC acquired a new position in shares of AST SpaceMobile in the second quarter worth about $28,000. Cornerstone Planning Group LLC boosted its stake in shares of 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 in the last quarter. Finally, Portus Wealth Advisors LLC purchased a new stake in shares of AST SpaceMobile during the 1st quarter worth about $30,000. 60.95% of the stock is owned by institutional investors and hedge funds.

AST SpaceMobile Company Profile

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.