AST SpaceMobile (NASDAQ:ASTS) Shares Down 2.6% – What’s Next?

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s stock price was down 2.6% during mid-day trading on Tuesday. The company traded as low as $58.58 and last traded at $59.40. Approximately 15,883,060 shares were traded during mid-day trading, a decline of 4% from the average session volume of 16,574,934 shares. The stock had previously closed at $61.00.

Key Headlines Impacting AST SpaceMobile

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

• Positive Sentiment: AST SpaceMobile disclosed a change-of-control severance plan covering its CEO and other senior executives. The plan, which could provide substantial payouts if control changes, fueled speculation that the company may become an acquisition target. AST SpaceMobile change-of-control plan article
• Neutral Sentiment: A German regulatory filing has brought AST SpaceMobile’s proposed 344-satellite BlueBird constellation back into focus, potentially highlighting progress toward the company’s planned space-based cellular network. However, the filing does not by itself confirm launch timing or commercial revenue. BlueBird satellite filing article
• Negative Sentiment: Several law firms publicized a securities-fraud class action and a November 13, 2026 deadline for investors to seek lead-plaintiff status. The allegations include claims that AST SpaceMobile overstated the sufficiency of its cash resources while later raising approximately $3.0 billion through convertible-note offerings, increasing concerns about financing needs and dilution. The allegations have not been proven. ASTS securities class action deadline article
• Negative Sentiment: SpaceX reported that Starship reached orbit and deployed satellites for the first time. The milestone lifted SpaceX but pressured space-sector peers, including AST SpaceMobile, by underscoring intensifying competition and potentially improving launch and satellite deployment capabilities. SpaceX Starship orbital deployment article
• Negative Sentiment: Reports that AST SpaceMobile’s COO sold 12,000 shares for approximately $707,000 may add to investor unease, particularly after the stock’s substantial longer-term gains. AST SpaceMobile COO share sale article

Wall Street Analysts Forecast Growth

ASTS has been the topic of a number of recent research reports. Cantor Fitzgerald upped their price target on AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Piper Sandler dropped 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 note on Tuesday, August 11th. Berenberg Bank initiated coverage on shares of AST SpaceMobile in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $92.00 price objective for the company. Scotiabank upgraded AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 target price on the stock in a research report on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Monday, September 21st. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $86.58.

AST SpaceMobile Stock Down 2.6%

The company’s 50 day simple moving average is $62.96 and its 200-day simple moving average is $77.59. 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 firm has a market capitalization of $23.12 billion, a PE ratio of -27.76 and a beta of 2.74.

AST SpaceMobile (NASDAQ:ASTS) last released its quarterly 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 firm 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 quarter last year, the firm earned ($0.41) earnings per share. On average, analysts forecast that AST SpaceMobile, Inc. will post -1.95 EPS for the current fiscal year.

Insider Activity at AST SpaceMobile

In related news, COO Shanti Gupta sold 12,000 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was 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 directly owned 462,980 shares in the company, valued at $27,264,892.20. The trade was a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Adriana Cisneros bought 10,822 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was acquired at an average price of $57.22 per share, for a total transaction of $619,234.84. Following the completion of the purchase, the director directly owned 797,023 shares in the company, valued at approximately $45,605,656.06. The trade was a 1.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 20.89% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On AST SpaceMobile

Several hedge funds have recently bought and sold shares of ASTS. Geode Capital Management LLC raised its position in AST SpaceMobile by 9.8% during the 4th quarter. Geode Capital Management LLC now owns 4,522,549 shares of the company’s stock valued at $328,749,000 after purchasing an additional 402,505 shares during the last quarter. Norges Bank purchased a new stake in shares of AST SpaceMobile in the 4th quarter worth about $198,270,000. Bank of America Corp DE boosted its stake in shares of 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 in the last quarter. First Trust Advisors LP boosted its stake in shares of AST SpaceMobile by 14.3% during the 1st quarter. First Trust Advisors LP now owns 1,316,852 shares of the company’s stock valued at $109,128,000 after purchasing an additional 164,303 shares in the last quarter. Finally, 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 valued at $93,220,000 after buying an additional 1,038,546 shares during the period. 60.95% of the stock is currently owned by institutional investors.

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.