AST SpaceMobile (NASDAQ:ASTS) Trading 2.9% Higher – Still a Buy?

AST SpaceMobile, Inc. (NASDAQ:ASTS) rose 2.9% during mid-day trading on Tuesday . The stock traded as high as $65.41 and last traded at $63.69. 10,400,717 shares were traded during trading, a decline of 38% from the average daily volume of 16,771,594 shares. The stock had previously closed at $61.89.

Key Headlines Impacting AST SpaceMobile

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

• Positive Sentiment: Investor enthusiasm was supported by reports that AST SpaceMobile is progressing toward commercial service, with 13 satellites in orbit, additional BlueBird satellites in production, and a beta service potentially approaching. The company’s strategy of connecting ordinary smartphones directly to satellites and its carrier relationships remain key parts of the bullish thesis. Prediction: AST SpaceMobile Will Be the Best-Performing Space Stock of 2027
• Positive Sentiment: ASTS also benefited from sector momentum, with space-related stocks and the Procure Space ETF trading higher. Investors appear to be rewarding growth prospects across the space industry despite a broader market backdrop of rising bond yields. Space Stocks Rally
• Neutral Sentiment: Several law firms reiterated that investors may seek lead-plaintiff status by November 13, 2026, in an already-filed securities class action covering purchases from March 4, 2025, through July 15, 2026. The repeated announcements are largely procedural rather than new operating developments. Rosen Investor Notice
• Negative Sentiment: Pomerantz announced that a class action has been filed against AST SpaceMobile and certain officers in federal court. The lawsuit alleges violations of federal securities laws and seeks damages for investors; the claims have not been proven. Pomerantz Class Action Announcement
• Negative Sentiment: One investor notice specifically alleges AST SpaceMobile understated risks involving slow user adoption in the United States and Japan and the potential dilution from three $1 billion convertible-note offerings. If the allegations gain traction, the company could face legal costs, reputational damage, and additional uncertainty over dilution. ASTS Shareholder Alert

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. New Street Research set a $106.00 target price on AST SpaceMobile in a research note on Friday, May 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AST SpaceMobile in a report on Wednesday, June 24th. William Blair reiterated a “market perform” rating on shares of AST SpaceMobile in a research report on Friday, May 29th. B. Riley Financial upgraded shares of AST SpaceMobile from a “neutral” rating to a “buy” rating and set a $85.00 price objective on the stock in a research report on Friday, July 17th. Finally, UBS Group initiated coverage on AST SpaceMobile in a research report on Wednesday, September 2nd. They set a “buy” rating for the company. 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $86.58.

AST SpaceMobile Price Performance

The stock has a market cap of $24.79 billion, a PE ratio of -29.76 and a beta of 2.74. 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’s fifty day moving average is $62.91 and its 200 day moving average is $78.71.

AST SpaceMobile (NASDAQ:ASTS) last issued its earnings results on Monday, August 10th. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $34.53 million. During the same period in the previous year, the company earned ($0.41) EPS. As a group, sell-side 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, CTO Huiwen Yao sold 40,000 shares of the business’s stock in a transaction dated 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 approximately $2,047,817.50. The trade was a 53.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average cost 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 $45,605,656.06. The trade was a 1.38% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 20.89% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Compass Financial Management LLC bought a new position in AST SpaceMobile in the second quarter worth about $26,000. Cornerstone Planning Group LLC grew its holdings in shares of AST SpaceMobile by 16,350.0% during the first quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock valued at $27,000 after purchasing an additional 327 shares during the last quarter. Grove Bank & Trust acquired a new stake in shares of AST SpaceMobile during the 2nd quarter worth approximately $27,000. Continuum Advisory LLC acquired a new stake in shares of AST SpaceMobile during the 2nd quarter worth approximately $28,000. Finally, Portus Wealth Advisors LLC bought a new stake in shares of AST SpaceMobile in the 1st quarter worth approximately $30,000. 60.95% of the stock is currently owned by 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.