AST SpaceMobile (NASDAQ:ASTS) Stock Falls 6.1% – Time to Sell?

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares were down 6.1% during trading on Thursday. The stock traded as low as $55.96 and last traded at $56.93. Approximately 17,821,467 shares changed hands during trading, an increase of 8% from the average daily volume of 16,461,318 shares. The stock had previously closed at $60.65.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: AST SpaceMobile and TELUS completed a direct-to-smartphone satellite connectivity test in Canada using standard mobile devices, demonstrating the potential to extend cellular service into remote areas without specialized hardware. AST SpaceMobile Completed Its First Direct Satellite To Smartphone Test In Canada
• Positive Sentiment: ASTS received attention from a U.S.-Japan technology initiative, while its multi-launch arrangement with Blue Origin could support larger BlueBird satellite batches if New Glenn returns to flight as expected. State Department Names AST SpaceMobile in U.S.-Japan Tech Deal
• Positive Sentiment: Some analysts remain bullish, arguing that AST SpaceMobile’s valuation and direct-to-device opportunity could support substantial upside if satellite production and launches remain on schedule. AST SpaceMobile: Cheaper And Better Than SpaceX
• Neutral Sentiment: The company’s inclusion in space-focused ETFs and continued high short interest reflect strong investor attention, but also indicate elevated volatility and sharply divided expectations.
• Negative Sentiment: A satellite rival cleared a regulatory hurdle, intensifying competitive concerns. ASTS may be particularly exposed because its model depends on wireless-carrier partnerships and regulatory approvals. AST SpaceMobile Sinks as Satellite Rival Clears Regulatory Hurdle
• Negative Sentiment: Several law firms publicized a securities class action covering investors who purchased ASTS securities from March 4, 2025, through July 15, 2026. Allegations include inadequate disclosure of user-adoption risks and dilution from three $1 billion convertible-note offerings; the claims have not been proven. The lead-plaintiff deadline is November 13, 2026. AST SpaceMobile Class Action Announcement
• Negative Sentiment: Investors remain concerned about AST SpaceMobile’s cash needs, launch timing and operating losses. Wall Street estimates roughly $3.2 billion of cash burn before 2029, while the company recently missed consensus revenue and EPS expectations.

Wall Street Analysts Forecast Growth

ASTS has been the topic of a number of analyst reports. B. Riley Financial lowered AST SpaceMobile from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $85.00 to $65.00 in a report on Friday, October 2nd. Berenberg Bank began coverage on shares of AST SpaceMobile in a report on Wednesday, September 2nd. They issued a “buy” rating and a $92.00 price target on the stock. Piper Sandler cut their target price on shares of AST SpaceMobile from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. Scotiabank raised shares of AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 price objective for the company in a research report on Wednesday, July 29th. Finally, William Blair reissued a “market perform” rating on shares of AST SpaceMobile in a research note on Monday. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $84.58.

AST SpaceMobile Trading Down 6.1%

The firm has a fifty day moving average of $63.10 and a 200-day moving average of $76.08. 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 capitalization of $22.16 billion, a price-to-earnings ratio of -26.60 and a beta of 2.72.

AST SpaceMobile (NASDAQ:ASTS) last issued 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 return on equity of 22.88% and a negative net margin of 536.66%.The company had revenue of $31.52 million for the quarter, compared to analyst estimates of $34.53 million. During the same quarter in the prior year, the firm earned ($0.41) EPS. As a group, equities analysts predict that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The shares were 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 $2,047,817.50. This trade represents a 53.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Adriana Cisneros acquired 10,822 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were purchased at an average price of $57.22 per share, for a total transaction of $619,234.84. Following the purchase, the director directly 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 20.89% of the stock is owned by company insiders.

Institutional Investors Weigh In On AST SpaceMobile

A number of large investors have recently added to or reduced their stakes in ASTS. Bank of America Corp DE lifted its holdings in 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 in the last quarter. First Trust Advisors LP grew its stake in shares of AST SpaceMobile by 14.3% during the first quarter. First Trust Advisors LP now owns 1,316,852 shares of the company’s stock valued at $109,128,000 after acquiring an additional 164,303 shares in the last quarter. Focus Partners Wealth grew its stake in shares of AST SpaceMobile by 8,016.7% during the fourth quarter. Focus Partners Wealth now owns 1,269,609 shares of the company’s stock valued at $92,000,000 after acquiring an additional 1,253,967 shares in the last quarter. Tidal Investments LLC increased its position in shares of AST SpaceMobile by 9,876.8% during 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 last quarter. Finally, Tema ETFs LLC lifted its stake in shares of AST SpaceMobile by 109,486.8% in the second 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 in the last quarter. 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.