AST SpaceMobile (NASDAQ:ASTS) Shares Down 4.1% – What’s Next?

Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) fell 4.1% on Wednesday. The company traded as low as $34.87 and last traded at $35.62. Approximately 15,641,118 shares traded hands during trading, a decline of 6% from the average daily volume of 16,609,662 shares. The stock had previously closed at $37.15.

Key AST SpaceMobile News

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

• Positive Sentiment: AST SpaceMobile and AT&T successfully tested a live-call handoff between a terrestrial cellular network and an AST satellite, then back again. The demonstration is an important step toward continuous direct-to-smartphone coverage. Can ASTS’ Handoff Test With AT&T Strengthen Its Growth Prospects?
• Positive Sentiment: Chile granted AST’s local subsidiary a 30-year concession to provide mobile satellite services using the SpaceMobile constellation, adding a long-term regulatory foothold for its international service plans. Chile Clears AST SpaceMobile for Nationwide Satellite Service
• Neutral Sentiment: ASTS is approaching its Q3 earnings report, with launches, partnerships and government contracts supporting its growth outlook. Investors will be watching for updates on deployment timing, spending and execution; the same report notes that high costs remain a concern. Should You Buy, Sell or Hold ASTS Stock Ahead of Q3 Earnings?
• Negative Sentiment: Several law firms publicized a securities class action covering March 4, 2025–July 15, 2026. The complaint alleges misleading statements or omissions about the company’s capital and liquidity position; one notice also alleges executives sold more than $18 million in shares during the class period. These are allegations, not established findings, but the litigation could add reputational and financial uncertainty. ASTS Shareholder Alert: Securities Class Action
• Negative Sentiment: Reports that AST SpaceMobile will not reach its goal of 45 satellites this year, alongside launch delays and substantial cash burn, reinforce concerns about the pace, cost and financing of building its network. AST SpaceMobile Just Admitted It Won’t Hit 45 Satellites This Year
• Negative Sentiment: SpaceX’s reported interest in Boost Mobile raises competitive concerns: direct access to a wireless carrier could challenge ASTS’s partner-led approach and put pressure on pricing or customer adoption. Why AST SpaceMobile Stock Is Down and What’s Next After Boost Mobile Talks

Analyst Ratings Changes

Several equities analysts have commented on ASTS shares. UBS Group started coverage on AST SpaceMobile in a report on Wednesday, September 2nd. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft upgraded AST SpaceMobile from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Monday, October 12th. Royal Bank Of Canada lowered AST SpaceMobile to a “sector perform” rating in a research note on Friday, October 2nd. Cantor Fitzgerald upped their target price on AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Finally, Berenberg Bank started coverage on shares of AST SpaceMobile in a research note on Wednesday, September 2nd. They set a “buy” rating and a $92.00 price target on the stock. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, AST SpaceMobile presently has an average rating of “Hold” and an average target price of $80.67.

AST SpaceMobile Stock Performance

The company has a market capitalization of $13.86 billion, a P/E ratio of -16.64 and a beta of 2.88. The stock has a fifty day simple moving average of $53.87 and a 200-day simple moving average of $77.17. 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 posted 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 firm had revenue of $31.52 million during the quarter, compared to the consensus estimate of $34.53 million. During the same period in the previous year, the company posted ($0.41) EPS. Equities analysts forecast that AST SpaceMobile, Inc. will post -1.91 EPS for the current year.

Insider Activity at AST SpaceMobile

In other AST SpaceMobile news, Director Adriana Cisneros bought 10,822 shares of AST SpaceMobile stock in a transaction dated Monday, August 31st. The shares were acquired at an average cost of $57.22 per share, with a total value of $619,234.84. Following the acquisition, the director directly 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Huiwen Yao sold 40,000 shares of the business’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 value of $2,357,200.00. Following the completion of the transaction, the chief technology officer directly owned 34,750 shares in the company, valued at $2,047,817.50. The trade was 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. 20.89% of the stock is currently owned by insiders.

Hedge Funds Weigh In On AST SpaceMobile

A number of institutional investors and hedge funds have recently bought and sold shares of the business. ABN Amro Investment Solutions acquired a new stake in shares of AST SpaceMobile in the first quarter valued at $996,000. KBC Group NV raised its holdings in shares of AST SpaceMobile by 259.5% in the first quarter. KBC Group NV now owns 23,438 shares of the company’s stock valued at $1,942,000 after buying an additional 16,918 shares during the last quarter. Bank of Nova Scotia acquired a new position in AST SpaceMobile during the 1st quarter worth about $1,329,000. Sanders Morris Harris LLC acquired a new position in AST SpaceMobile during the 3rd quarter worth about $1,020,000. Finally, Swedbank AB bought a new position in AST SpaceMobile in the 1st quarter worth approximately $3,399,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

About AST SpaceMobile

AST SpaceMobile, Inc is a space-based communications company developing a global cellular broadband network designed to connect directly with standard, unmodified mobile phones. Its technology is intended to extend wireless coverage beyond traditional terrestrial networks, including in rural, remote and underserved areas.

The company is building and deploying a constellation of large low Earth orbit satellites, known as the BlueBird satellite system. AST SpaceMobile plans to provide voice, messaging, data and broadband services through partnerships with mobile network operators, allowing subscribers to remain connected outside the reach of conventional cellular towers.

Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.