AST SpaceMobile (NASDAQ:ASTS) Stock Falls 5.2% – Time to Sell?

Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) fell 5.2% during trading on Thursday. The company traded as low as $37.80 and last traded at $38.77. 17,071,319 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 16,752,719 shares. The stock had previously closed at $40.90.

Trending Headlines about AST SpaceMobile

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

• Positive Sentiment: Scotiabank upgraded AST SpaceMobile to “Sector Outperform,” providing a near-term catalyst and signaling improved confidence in the company’s outlook. Scotiabank upgrade article
• Positive Sentiment: AST SpaceMobile’s stated plan to activate satellite-based cellular coverage across the United States, Canada, Japan, the United Kingdom and Saudi Arabia before the end of 2026 reinforces the company’s growth narrative, although execution remains critical. AST SpaceMobile service-readiness article
• Neutral Sentiment: T-REX will delist and liquidate its 2X Long ASTS Daily Target ETF, ASUP. The process could create temporary trading or flow effects in ASTS, but it does not represent a change in AST SpaceMobile’s operations or fundamentals. T-REX ETF liquidation article
• Negative Sentiment: Several law firms publicized a securities-fraud class action covering investors who purchased ASTS securities from March 4, 2025, through July 15, 2026. The allegations reportedly involve statements about the company’s capital and liquidity position, including claims that it was fully funded before subsequent convertible-note offerings. The November 13, 2026 lead-plaintiff deadline increases visibility around the legal overhang, though the allegations have not been proven. AST SpaceMobile class-action notice
• Negative Sentiment: ASTS recently fell more sharply than the broader market as investors reduced exposure to high-flying technology and space stocks. The stock remains well below its recent highs, highlighting elevated volatility and continued risk-off pressure. Space-stock selloff article

Analyst Ratings Changes

ASTS has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of AST SpaceMobile from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Monday, October 12th. Scotiabank raised shares of AST SpaceMobile from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $50.80 to $55.70 in a research report on Friday. Berenberg Bank initiated coverage on shares of AST SpaceMobile in a research note on Wednesday, September 2nd. They set a “buy” rating and a $92.00 target price for the company. Cantor Fitzgerald increased their price target on AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Finally, B. Riley Financial downgraded AST SpaceMobile from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $85.00 to $65.00 in a research note on Friday, October 2nd. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $80.67.

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 company has a market cap of $15.49 billion, a PE ratio of -18.59 and a beta of 2.72. The business’s fifty day moving average is $57.50 and its 200-day moving average is $72.63.

AST SpaceMobile (NASDAQ:ASTS) last announced its 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). The business had revenue of $31.52 million for 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 prior year, the company posted ($0.41) earnings per share. As a group, research analysts predict that AST SpaceMobile, Inc. will post -1.92 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Adriana Cisneros purchased 10,822 shares of the business’s stock in a transaction on Monday, August 31st. The stock was acquired at an average price of $57.22 per share, with a total value of $619,234.84. Following the completion of the acquisition, the director owned 797,023 shares of the company’s stock, valued at approximately $45,605,656.06. This trade represents a 1.38% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of the company’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 completion of the sale, the chief technology officer owned 34,750 shares of the company’s stock, valued at approximately $2,047,817.50. The trade was a 53.51% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 20.89% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Tidal Investments LLC boosted its stake 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 acquiring an additional 1,038,546 shares during the period. Tema ETFs LLC grew its position in shares of AST SpaceMobile by 109,486.8% during the second quarter. Tema ETFs LLC now owns 1,003,815 shares of the company’s stock worth $89,199,000 after purchasing an additional 1,002,899 shares in the last quarter. Bank of America Corp DE raised its stake in AST SpaceMobile by 140.3% during the 1st quarter. Bank of America Corp DE now owns 1,644,246 shares of the company’s stock valued at $136,259,000 after purchasing an additional 960,045 shares during the period. Bank of New York Mellon Corp bought a new stake in AST SpaceMobile during the 2nd quarter valued at approximately $67,907,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in AST SpaceMobile during the 1st quarter valued at approximately $34,627,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

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.