AST SpaceMobile (NASDAQ:ASTS) Stock Price Up 1.5% – Should You Buy?

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s share price shot up 1.5% during trading on Tuesday . The stock traded as high as $90.95 and last traded at $88.10. 21,323,492 shares traded hands during mid-day trading, an increase of 30% from the average session volume of 16,359,256 shares. The stock had previously closed at $86.83.

More AST SpaceMobile News

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

• Positive Sentiment: Defiance launched ASTY, a 2X long ETF tied to AST SpaceMobile, underscoring strong trader demand for bullish exposure to ASTS. Defiance Launches ASTY: The 2X Long ETF for AST SpaceMobile, Inc.
• Positive Sentiment: AST SpaceMobile is benefiting from broader interest in space stocks as the SpaceX IPO story boosts valuations across launch, satellite, and AI infrastructure names. SpaceX IPO Filing Is Moving Rocket Lab, CoreWeave, and Other Stocks
• Positive Sentiment: Orange announced new partnerships with AST SpaceMobile to expand direct-to-cell satellite services, including trials in Romania, reinforcing commercial momentum for its network. Orange Satellite And Cyber Moves Add New Angles To Valuation Story
• Positive Sentiment: The company also received support from industry commentary highlighting its FCC approval to provide commercial direct-to-device service in the U.S. and its position as a major beneficiary of rising satellite telecom demand. Forget SpaceX. These 2 Space Stocks Could Be the Real Winners Of the Coming IPO Frenzy
• Neutral Sentiment: Multiple articles focused on ASTS’ sharp long-term run and valuation, suggesting investors are weighing whether the stock’s strong momentum has already priced in a lot of future growth. Is It Too Late To Consider AST SpaceMobile (ASTS) After Its Recent 17x Three Year Surge?
• Negative Sentiment: CFO Andrew Martin Johnson sold 5,000 shares, a small insider sale that may add a bit of caution for some investors, though the position remains largely intact. SEC insider filing

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen cut AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 15th. New Street Research began coverage on shares of AST SpaceMobile in a research report on Wednesday, May 13th. They issued a “neutral” rating and a $80.00 price objective for the company. UBS Group cut their target price on AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. B. Riley Financial raised their target price on AST SpaceMobile from $75.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, AST SpaceMobile presently has a consensus rating of “Reduce” and an average price target of $79.45.

AST SpaceMobile Stock Up 7.4%

The company has a current ratio of 18.47, a quick ratio of 18.37 and a debt-to-equity ratio of 1.11. The firm has a market cap of $36.76 billion, a P/E ratio of -54.06 and a beta of 2.60. The stock’s fifty day moving average is $84.65 and its two-hundred day moving average is $83.31.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.43). AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The firm had revenue of $14.74 million during the quarter, compared to the consensus estimate of $39.01 million. During the same period in the previous year, the business earned ($0.20) earnings per share. The firm’s revenue for the quarter was up 1952.2% on a year-over-year basis. As a group, research analysts anticipate that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current year.

Insider Activity at AST SpaceMobile

In other AST SpaceMobile news, CFO Andrew Martin Johnson sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $90.25, for a total value of $451,250.00. Following the completion of the transaction, the chief financial officer owned 565,805 shares of the company’s stock, valued at $51,063,901.25. The trade was a 0.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $88.88, for a total value of $3,555,200.00. Following the completion of the transaction, the chief technology officer directly owned 4,750 shares in the company, valued at approximately $422,180. This represents a 89.39% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 3,100,000 shares of company stock valued at $276,048,350. Company insiders own 20.89% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. REAP Financial Group LLC purchased a new stake in AST SpaceMobile during the 3rd quarter valued at about $25,000. Crewe Advisors LLC purchased a new position in shares of AST SpaceMobile in the fourth quarter valued at about $25,000. Laurel Wealth Advisors LLC purchased a new position in AST SpaceMobile during the 4th quarter valued at about $25,000. Cornerstone Planning Group LLC raised 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 acquiring an additional 327 shares in the last quarter. Finally, Byrne Asset Management LLC bought a new position in shares of AST SpaceMobile during the fourth quarter valued at approximately $29,000. 60.95% of the stock is owned by institutional investors.

About AST SpaceMobile

AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company’s core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.

AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.