AST SpaceMobile (NASDAQ:ASTS) Announces Quarterly Earnings Results

AST SpaceMobile (NASDAQ:ASTS) released its earnings results on Monday. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.42) by ($0.02), FiscalAI reports. AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. The firm had revenue of $42.32 million during the quarter, compared to the consensus estimate of $45.73 million.

AST SpaceMobile Stock Up 14.1%

ASTS stock traded up $4.56 during mid-day trading on Monday, reaching $36.89. The company had a trading volume of 27,352,843 shares, compared to its average volume of 16,815,805. The company has a market capitalization of $14.36 billion, a price-to-earnings ratio of -17.24 and a beta of 2.88. AST SpaceMobile has a 52 week low of $27.58 and a 52 week high of $133.86. The stock has a 50 day simple moving average of $52.17 and a two-hundred day simple moving average of $76.01. The company has a debt-to-equity ratio of 1.24, a current ratio of 13.05 and a quick ratio of 12.90.

More AST SpaceMobile News

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

• Positive Sentiment: AST SpaceMobile and Rakuten Group established Rakuten AST, a joint venture to build a direct-to-device satellite network in Japan. Reports point to about $1 billion in expected government support, giving AST a potential government-backed customer and a path into a market where major carriers use Starlink. Rakuten and AST SpaceMobile establish joint venture
• Neutral Sentiment: A broader rebound in space stocks and the market, plus possible short covering ahead of earnings, may also have supported ASTS; these factors are less specific to the company’s underlying outlook. What is driving the pre-earnings rally
• Negative Sentiment: Third-quarter results missed analyst expectations: AST reported a loss of $0.44 per share versus an expected $0.42 loss, while revenue of $42.32 million fell short of the $45.73 million consensus. The shortfall may temper optimism from the partnership announcement. Third-quarter 2026 results and business update
• Negative Sentiment: Analyst caution and litigation remain risks: UBS cut its price target to $43 from $62, and Scotiabank moved to Sell with a $45.60 target. A securities class action alleges the company made misleading statements about its capital position and competitive lead; the allegations are not proven. Lawsuit notice and analyst target changes

Wall Street Analysts Forecast Growth

ASTS has been the topic of a number of recent research reports. Scotiabank upgraded shares of AST SpaceMobile from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $50.80 to $55.70 in a report on Friday, October 23rd. Berenberg Bank began coverage on shares of AST SpaceMobile in a research report on Wednesday, September 2nd. They issued a “buy” rating and a $92.00 target price for the company. Royal Bank Of Canada lowered shares of AST SpaceMobile to a “sector perform” rating in a research note on Friday, October 2nd. Deutsche Bank Aktiengesellschaft raised shares of AST SpaceMobile from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Monday, October 12th. Finally, B. Riley Financial cut shares of AST SpaceMobile from a “buy” rating to a “neutral” rating and cut their price target for the stock from $85.00 to $65.00 in a research report on Friday, October 2nd. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, AST SpaceMobile presently has an average rating of “Hold” and an average target price of $80.67.

Insider Transactions at AST SpaceMobile

In related news, CTO Huiwen Yao sold 40,000 shares of the firm’s stock in a transaction 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 transaction, the chief technology officer directly owned 34,750 shares of the company’s stock, valued at approximately $2,047,817.50. This trade represents a 53.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Shanti B. Gupta sold 12,000 shares of the business’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $58.89, for a total transaction of $706,680.00. Following the transaction, the chief operating officer owned 462,980 shares in the company, valued at approximately $27,264,892.20. The trade was a 2.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 20.89% of the company’s stock.

About AST SpaceMobile

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.