AST SpaceMobile (NASDAQ:ASTS) Stock Price Down 2% – Here’s What Happened

Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) traded down 2% during mid-day trading on Tuesday . The stock traded as low as $57.81 and last traded at $58.77. Approximately 7,123,860 shares were traded during trading, a decline of 58% from the average session volume of 16,910,777 shares. The stock had previously closed at $60.00.

Trending Headlines about AST SpaceMobile

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

• Positive Sentiment: AST SpaceMobile is expanding its patent protections as it competes with Starlink in direct-to-smartphone satellite connectivity. The company’s use of large satellite arrays and unmodified smartphones supports its long-term competitive narrative. AST SpaceMobile Expands Patent Shield As Starlink Battle Moves To Smartphones
• Neutral Sentiment: Analysts maintain a consensus “Hold” recommendation, suggesting that the company’s long-term opportunity is balanced by substantial execution, valuation and financial risks. AST SpaceMobile Receives Consensus Recommendation of Hold
• Negative Sentiment: Multiple law firms announced or promoted securities class actions against AST SpaceMobile and certain officers. The lawsuits generally cover investors who purchased shares between March 4, 2025, and July 15, 2026, and allege that the company made misleading statements about its competitive position, satellite direct-to-cellular prospects, U.S. and Japanese user adoption, and capital position. Investors have until November 13, 2026, to seek lead-plaintiff status. Class Action Filed Alleging Investor Harm
• Negative Sentiment: Separate shareholder investigations are examining whether AST SpaceMobile’s officers and directors breached fiduciary duties. One complaint reportedly alleges that the CEO and CFO certified filings that overstated the company’s capital sufficiency while selling more than $18 million of stock during the class period. These remain allegations, not established findings. Grabar Law Office Investigation
• Negative Sentiment: AST SpaceMobile has not announced shipment, arrival or a launch date for BlueBird satellites 14–16. Although no formal delay has been confirmed, the lack of a schedule is increasing investor concern about deployment timing and execution. Retail Defends Long Game Amid BlueBird Delays

Analysts Set New Price Targets

ASTS has been the topic of several research reports. New Street Research set a $106.00 target price on AST SpaceMobile in a report on Friday, May 29th. Cantor Fitzgerald lifted their price target 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 reiterated a “market perform” rating on shares of AST SpaceMobile in a research report on Friday, May 29th. Piper Sandler lowered their price objective on shares of AST SpaceMobile from $100.00 to $98.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft set a $93.00 target price on shares of AST SpaceMobile in a report on Wednesday, August 12th. Six equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, AST SpaceMobile presently has a consensus rating of “Hold” and an average price target of $86.58.

AST SpaceMobile Stock Performance

The company has a quick ratio of 12.90, a current ratio of 13.05 and a debt-to-equity ratio of 1.24. The stock has a fifty day moving average price of $63.55 and a two-hundred day moving average price of $79.24. The company has a market capitalization of $24.55 billion, a price-to-earnings ratio of -29.54 and a beta of 2.74.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings data 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 company had revenue of $31.52 million for the quarter, compared to analyst estimates of $34.53 million. During the same period in the previous year, the business earned ($0.41) EPS. As a group, analysts forecast that AST SpaceMobile, Inc. will post -1.95 EPS for the current fiscal year.

Insider Activity

In other news, Director Adriana Cisneros purchased 10,822 shares of the stock in a transaction dated Monday, August 31st. The stock was acquired at an average cost of $57.22 per share, for a total transaction of $619,234.84. Following the completion of the acquisition, the director directly owned 797,023 shares in the company, valued at $45,605,656.06. This represents a 1.38% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 20.89% of the stock is owned by corporate insiders.

Institutional Trading of AST SpaceMobile

Several hedge funds and other institutional investors have recently bought and sold shares of ASTS. Norges Bank purchased a new position in AST SpaceMobile during the fourth quarter worth approximately $198,270,000. Focus Partners Wealth grew its stake in shares of AST SpaceMobile by 8,016.7% during the 4th quarter. Focus Partners Wealth now owns 1,269,609 shares of the company’s stock valued at $92,000,000 after buying an additional 1,253,967 shares during the period. Tidal Investments LLC increased its holdings in shares of AST SpaceMobile by 9,876.8% during the 2nd quarter. Tidal Investments LLC now owns 1,049,061 shares of the company’s stock worth $93,220,000 after buying an additional 1,038,546 shares during the last quarter. Tema ETFs LLC increased its holdings in shares of AST SpaceMobile by 109,486.8% during the 2nd quarter. Tema ETFs LLC now owns 1,003,815 shares of the company’s stock worth $89,199,000 after buying an additional 1,002,899 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of AST SpaceMobile by 140.3% in the 1st quarter. Bank of America Corp DE now owns 1,644,246 shares of the company’s stock worth $136,259,000 after buying an additional 960,045 shares during the period. 60.95% of the stock is 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, unmodified mobile phones directly to satellites. Its planned service is intended to extend mobile connectivity beyond the coverage of traditional terrestrial wireless networks, including in rural, remote and underserved areas.

The company’s primary technology platform consists of large, low-Earth-orbit satellites known as BlueBirds. AST SpaceMobile is developing these satellites to provide voice, messaging and broadband data services through partnerships with mobile network operators, using existing cellular devices and spectrum where permitted.

Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.