AST SpaceMobile (NASDAQ:ASTS) Shares Down 3% – Should You Sell?

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s share price dropped 3% during mid-day trading on Tuesday . The stock traded as low as $53.36 and last traded at $56.55. Approximately 12,507,121 shares changed hands during trading, a decline of 32% from the average session volume of 18,411,102 shares. The stock had previously closed at $58.29.

AST SpaceMobile News Roundup

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

• Positive Sentiment: AST SpaceMobile scheduled the launch of its BlueBird 11, 12 and 13 satellites for August 5 aboard a SpaceX Falcon 9 from Florida. A successful mission would expand the company’s constellation and support progress toward commercial direct-to-smartphone service. AST SpaceMobile Announces Launch Date for BlueBird Satellites 11, 12 and 13
• Positive Sentiment: Vodafone said its partnership with AST SpaceMobile remains attractive and identified early 2027 as the target for U.K. beta testing. Vodafone indicated that approximately 45 satellites are needed to begin the trial, providing a potential validation point for ASTS’s network. ASTS Stock Breaks 3-Day Slide: Vodafone Says AST Partnership Is Definitely Worth It
• Neutral Sentiment: Management will provide AST SpaceMobile’s second-quarter 2026 business and financial update on August 10. Investors will likely focus on cash usage, satellite deployment timing, commercial agreements and funding needs. AST SpaceMobile to Host Second Quarter 2026 Business Update Call on August 10, 2026
• Negative Sentiment: ASTS is participating in a sector-wide correction, with several space stocks significantly below their highs. Analysts and investors are reassessing elevated valuations, negative margins and the ability of pure-play satellite companies to reach profitability.
• Negative Sentiment: Amazon’s proposed 5,105-satellite Amazon Leo constellation raises the prospect of heavier competition and pricing pressure in direct-to-device connectivity. The article also highlights ASTS’s dependence on SpaceX for launches even though Starlink is a major competitor. Amazon’s Satellite Push Raises the Stakes for SpaceX and AST SpaceMobile
• Negative Sentiment: Investor caution is heightened by AST SpaceMobile’s substantial losses, reliance on future commercial scale and recent insider selling without reported insider purchases. A separate analyst discussion warned that Starlink’s growing direct-to-device lead could limit ASTS’s eventual market opportunity.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Barclays increased their price target on shares of AST SpaceMobile from $60.00 to $65.00 and gave the company an “underweight” rating in a research report on Thursday, April 9th. Roth Capital reaffirmed a “buy” rating and issued a $108.00 price objective on shares of AST SpaceMobile in a research report on Tuesday, May 12th. New Street Research set a $106.00 target price on shares of AST SpaceMobile in a research note on Friday, May 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Wednesday, June 24th. Finally, William Blair restated a “market perform” rating on shares of AST SpaceMobile in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $86.95.

AST SpaceMobile Stock Performance

The company has a debt-to-equity ratio of 1.11, a current ratio of 18.47 and a quick ratio of 18.37. The company has a 50 day simple moving average of $84.21 and a 200-day simple moving average of $88.29. The stock has a market capitalization of $21.95 billion, a P/E ratio of -31.77 and a beta of 2.69.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings results on Monday, May 11th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.43). The firm had revenue of $14.73 million for the quarter, compared to the consensus estimate of $39.01 million. AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The firm’s revenue was up 1952.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.20) EPS. On average, equities analysts forecast that AST SpaceMobile, Inc. will post -1.38 EPS for the current year.

Insider Activity at AST SpaceMobile

In other AST SpaceMobile news, CFO Andrew Martin Johnson sold 45,809 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $93.81, for a total transaction of $4,297,342.29. Following the sale, the chief financial officer directly owned 503,619 shares of the company’s stock, valued at $47,244,498.39. This represents a 8.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Julio A. Torres sold 15,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $76.34, for a total transaction of $1,145,100.00. Following the transaction, the director owned 43,239 shares of the company’s stock, valued at $3,300,865.26. This represents a 25.76% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 105,809 shares of company stock worth $9,748,492. Company insiders own 20.89% of the company’s stock.

Institutional Trading of AST SpaceMobile

A number of institutional investors have recently modified their holdings of ASTS. Focus Partners Wealth grew its stake in AST SpaceMobile by 8,016.7% in the 4th quarter. Focus Partners Wealth now owns 1,269,609 shares of the company’s stock valued at $92,000,000 after buying an additional 1,253,967 shares in the last quarter. KPP Advisory Services LLC bought a new stake in AST SpaceMobile during the 4th quarter valued at $1,649,000. M&T Bank Corp lifted its position in shares of AST SpaceMobile by 1,062.9% during the fourth quarter. M&T Bank Corp now owns 77,994 shares of the company’s stock worth $5,665,000 after acquiring an additional 71,287 shares in the last quarter. ABN Amro Investment Solutions purchased a new stake in shares of AST SpaceMobile during the first quarter worth $996,000. Finally, Arrowpoint Investment Partners Singapore Pte. Ltd. bought a new position in shares of AST SpaceMobile in the fourth quarter worth $2,290,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.

AST SpaceMobile Company Profile

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.