AST SpaceMobile (NASDAQ:ASTS) Stock Falls 10.5% – Should You Sell?

Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) fell 10.5% on Friday. The company traded as low as $47.57 and last traded at $50.97. Approximately 53,918,743 shares were traded during trading, an increase of 224% from the average session volume of 16,661,455 shares. The stock had previously closed at $56.93.

More AST SpaceMobile News

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

• Positive Sentiment: AST SpaceMobile and TELUS completed their first integration test connecting TELUS’ terrestrial wireless network with AST’s satellite system for direct-to-smartphone service in Canada. The milestone supports the company’s commercial rollout and carrier-partnership strategy. AST SpaceMobile Could Be 67% Undervalued on TELUS Integration Progress
• Positive Sentiment: Clear Street maintained a “Buy” rating, saying the Federal Communications Commission’s October 29 agenda could benefit AST’s carrier partnerships, although it also identified a limited auction-related risk. Clear Street Calls FCC Meeting Agenda Mixed for AST SpaceMobile
• Neutral Sentiment: Investors remain focused on the number of BlueBird satellites AST can place in orbit and whether launches stay on schedule. That metric is central to the company’s long-term opportunity, but AST remains unprofitable and trades at a substantial premium to the broader market on a price-to-sales basis. The Single Most Important Metric for AST SpaceMobile Stock
• Negative Sentiment: SpaceX reportedly secured low-band spectrum that AST SpaceMobile had pursued, reducing AST’s access to a potentially valuable frequency option and reinforcing concerns about competition in direct-to-device satellite communications. SpaceX Spectrum Deal Closes Off Low-Band Option
• Negative Sentiment: Multiple law firms announced a securities class action covering investors who purchased ASTS between March 4, 2025, and July 15, 2026. The complaints allege material misstatements or omissions involving capital and liquidity, user-adoption risks, and dilution from convertible-note offerings. The allegations have not been proven, but the litigation adds reputational, legal and potential financial risk; investors have until November 13, 2026, to seek lead-plaintiff status. ASTS Securities Class Action Investor Alert
• Negative Sentiment: Analysts and investors continue to flag AST’s expected cash burn, lack of profitability and execution risk. Short interest reportedly represents more than one-fifth of the float, amplifying volatility and skepticism about the valuation. AST SpaceMobile Short Interest and Execution Risks

Analyst Ratings Changes

A number of research analysts have commented on ASTS shares. Deutsche Bank Aktiengesellschaft set a $93.00 price objective on shares of AST SpaceMobile in a research note on Wednesday, August 12th. Piper Sandler reduced their price target on shares of AST SpaceMobile from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 11th. 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. Berenberg Bank initiated coverage on AST SpaceMobile in a research note on Wednesday, September 2nd. They set a “buy” rating and a $92.00 price objective on the stock. Finally, William Blair reaffirmed a “market perform” rating on shares of AST SpaceMobile in a report on Monday. Five investment 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, the stock currently has a consensus rating of “Hold” and a consensus price target of $84.58.

AST SpaceMobile Stock Performance

The company has a market capitalization of $19.84 billion, a price-to-earnings ratio of -23.82 and a beta of 2.72. The stock has a 50 day simple moving average of $63.07 and a 200 day simple moving average of $75.85. The company has a quick ratio of 12.90, a current ratio of 13.05 and a debt-to-equity ratio of 1.24.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings results on Monday, August 10th. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.45). The company had revenue of $31.52 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted ($0.41) earnings per share. As a group, analysts anticipate that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, COO Shanti B. Gupta sold 12,000 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $58.89, for a total transaction of $706,680.00. Following the completion of the transaction, the chief operating officer owned 462,980 shares of the company’s stock, valued at approximately $27,264,892.20. The trade was a 2.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Adriana Cisneros purchased 10,822 shares of the stock in a transaction dated Monday, August 31st. The shares were purchased at an average price of $57.22 per share, with a total value of $619,234.84. Following the transaction, the director directly owned 797,023 shares of the company’s stock, valued at approximately $45,605,656.06. The trade was a 1.38% increase in their position. The disclosure for this purchase is available in the SEC filing. 20.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE increased its stake in shares of AST SpaceMobile by 140.3% in the first 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. First Trust Advisors LP boosted its position 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 worth $109,128,000 after buying an additional 164,303 shares during the period. Tidal Investments LLC grew its holdings in AST SpaceMobile by 9,876.8% in 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 in the last quarter. Focus Partners Wealth increased its position in AST SpaceMobile by 8,016.7% in the 4th 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 during the period. Finally, Tema ETFs LLC increased its position in AST SpaceMobile by 109,486.8% in the 2nd quarter. Tema ETFs LLC now owns 1,003,815 shares of the company’s stock valued at $89,199,000 after acquiring an additional 1,002,899 shares during the period. 60.95% of the stock is owned by institutional investors and hedge funds.

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.