AST SpaceMobile (NASDAQ:ASTS) Stock Jumps 14.1% – Time to Buy?

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s stock price shot up 14.1% during trading on Monday. The stock traded as high as $38.20 and last traded at $36.89. 25,560,611 shares changed hands during trading, an increase of 52% from the average daily volume of 16,806,857 shares. The stock had previously closed at $32.33.

Key AST SpaceMobile News

These are some of the ASTS news items that stood out recently:

• Positive Sentiment: Management is targeting intermittent satellite broadband service before year-end 2026 and aims to have 45 satellites in orbit by mid-2027. Progress toward commercial service could provide important evidence that the company can turn deployment plans into revenue. Article: ASTS Q3 Earnings Call Highlights Service Rollout and Launch Plans
• Negative Sentiment: Analysts have lowered price targets following the results, citing launch timing, commercial-service delays and execution risks. The revisions signal less confidence in the near-term outlook. Article: UBS Cuts AST SpaceMobile Price Target
• Negative Sentiment: Several law firms publicized an existing securities class action and the November 13 lead-plaintiff deadline. The lawsuit alleges investor harm; the claims have not been established in court, but the headlines add reputational uncertainty. Article: AST SpaceMobile Investors May Seek to Lead Class Action

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ASTS shares. Citigroup reiterated a “positive” rating on shares of AST SpaceMobile in a report on Tuesday. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Monday, September 21st. Scotiabank upgraded AST SpaceMobile from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $50.80 to $55.70 in a report on Friday, October 23rd. Royal Bank Of Canada cut shares of AST SpaceMobile to a “sector perform” rating in a report on Friday, October 2nd. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of AST SpaceMobile in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $75.47.

AST SpaceMobile Trading Up 8.7%

The business’s 50 day moving average price is $51.23 and its 200-day moving average price is $75.27. The company has a current ratio of 13.05, a quick ratio of 12.90 and a debt-to-equity ratio of 1.24. The company has a market cap of $14.25 billion, a price-to-earnings ratio of -17.19 and a beta of 2.88.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings results on Monday, November 9th. The company reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.03). AST SpaceMobile had a negative net margin of 439.71% and a negative return on equity of 21.29%. The company had revenue of $42.32 million during the quarter, compared to analyst estimates of $45.73 million. During the same quarter last year, the company posted ($0.45) EPS. The firm’s quarterly revenue was up 187.9% on a year-over-year basis. On average, equities analysts anticipate that AST SpaceMobile, Inc. will post -1.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other AST SpaceMobile news, COO Shanti Gupta sold 12,000 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $58.89, for a total value of $706,680.00. Following the completion of the sale, the chief operating officer owned 462,980 shares of the company’s stock, valued at $27,264,892.20. The trade was a 2.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $58.93, for a total transaction of $2,357,200.00. Following the transaction, the chief technology officer directly owned 34,750 shares in the company, valued at $2,047,817.50. This represents a 53.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 20.89% of the company’s stock.

Institutional Investors Weigh In On AST SpaceMobile

Institutional investors and hedge funds have recently bought and sold shares of the company. ABN Amro Investment Solutions acquired a new position in shares of AST SpaceMobile during the 1st quarter worth $996,000. KBC Group NV increased its holdings in AST SpaceMobile by 259.5% in the 1st quarter. KBC Group NV now owns 23,438 shares of the company’s stock worth $1,942,000 after purchasing an additional 16,918 shares in the last quarter. Bank of Nova Scotia bought a new stake in shares of AST SpaceMobile during the first quarter worth about $1,329,000. Sanders Morris Harris LLC bought a new stake in shares of AST SpaceMobile during the third quarter worth about $1,020,000. Finally, International Assets Investment Management LLC raised its holdings in AST SpaceMobile by 412.1% in the 3rd quarter. International Assets Investment Management LLC now owns 25,000 shares of the company’s stock valued at $1,472,000 after buying an additional 20,118 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Company Profile

AST SpaceMobile, Inc. develops a space-based cellular broadband network designed to connect directly with standard mobile phones, without requiring users to purchase specialized satellite devices. Its planned services include voice calls, text messaging and mobile broadband, delivered through partnerships with mobile network operators and integrated with their existing networks. The company is developing and deploying its BlueBird satellite system to provide coverage in areas where terrestrial cellular networks are unavailable or limited.