AST SpaceMobile (NASDAQ:ASTS) Stock Price Down 4.9% – Should You Sell?

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s stock price was down 4.9% during trading on Friday. The company traded as low as $39.21 and last traded at $40.97. Approximately 13,644,217 shares changed hands during trading, a decline of 18% from the average session volume of 16,642,203 shares. The stock had previously closed at $43.07.

More AST SpaceMobile News

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

• Positive Sentiment: FCC spectrum expansion improves the industry outlook. The Federal Communications Commission adopted a proposal to expand spectrum available for “supplemental coverage from space,” potentially allowing AST SpaceMobile and wireless carriers to use satellite links more broadly in areas outside conventional tower coverage. ASTS Stock Gains On FCC Plan to Expand Direct-To-Phone Spectrum
• Positive Sentiment: Brazil authorizations and operator agreements advance commercialization. AST SpaceMobile received spectrum authorizations from Brazil’s telecom regulator and signed agreements with four regional mobile operators. The deals could support future satellite-enabled broadband coverage in underserved Brazilian markets and validate the company’s international partnership strategy. AST SpaceMobile Secures Brazil Spectrum Authorizations and Four Operator Agreements
• Positive Sentiment: Bullish commentary points to potential growth beyond the recent selloff. An investment analysis cited AST’s funded satellite constellation, more than 60 carrier partners and possible large government contracts as reasons the shares may be undervalued relative to their long-term opportunity. These contracts remain potential rather than guaranteed catalysts. Prediction: ASTS Could Be Entering Its Biggest Growth Phase Yet
• Negative Sentiment: Multiple law firms are promoting a securities-fraud class action. The lawsuit covers investors who purchased ASTS securities from March 4, 2025, through July 15, 2026, with a November 13, 2026 lead-plaintiff deadline. Attorneys allege the company made material misstatements or omissions regarding capital and liquidity, including claims tied to roughly $3 billion of convertible-note offerings and dilution. The allegations have not been proven, but the litigation adds reputational and legal uncertainty. Pomerantz Class Action Announcement
• Negative Sentiment: Amazon’s approved Globalstar transaction raises competitive concerns. Amazon’s sizable investment and FCC-approved deal involving Globalstar could strengthen a rival satellite-connectivity ecosystem, increasing pressure on AST SpaceMobile to execute its constellation deployment and secure commercial contracts. Amazon’s FCC-Approved Globalstar Deal

Wall Street Analysts Forecast Growth

ASTS has been the subject of several research analyst reports. Scotiabank upgraded shares of AST SpaceMobile from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $50.80 to $55.70 in a research report on Friday, October 23rd. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Monday, September 21st. UBS Group started coverage on AST SpaceMobile in a research note on Wednesday, September 2nd. They set a “buy” rating on the stock. William Blair reissued a “market perform” rating on shares of AST SpaceMobile in a research report on Monday, October 5th. Finally, Royal Bank Of Canada lowered shares of AST SpaceMobile to a “sector perform” rating in a research note on Friday, October 2nd. Six research 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, the company presently has an average rating of “Hold” and a consensus target price of $80.67.

AST SpaceMobile Stock Performance

The company has a debt-to-equity ratio of 1.24, a current ratio of 13.05 and a quick ratio of 12.90. The firm has a fifty day simple moving average of $55.50 and a 200 day simple moving average of $78.03. The company has a market cap of $15.94 billion, a price-to-earnings ratio of -19.14 and a beta of 2.72.

AST SpaceMobile (NASDAQ:ASTS) last posted its quarterly earnings data 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). The business had revenue of $31.52 million during the quarter, compared to the consensus estimate of $34.53 million. AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. During the same period in the prior year, the company posted ($0.41) earnings per share. On average, sell-side analysts expect that AST SpaceMobile, Inc. will post -1.91 earnings per share for the current fiscal year.

Insider Buying and Selling at AST SpaceMobile

In other news, Director Adriana Cisneros acquired 10,822 shares of AST SpaceMobile stock in a transaction on Monday, August 31st. The stock was bought at an average price of $57.22 per share, for a total transaction of $619,234.84. Following the transaction, the director 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 legal filing with the SEC, which is accessible through this link. Also, COO Shanti Gupta sold 12,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $58.89, for a total value of $706,680.00. Following the sale, the chief operating officer owned 462,980 shares in the company, valued at approximately $27,264,892.20. This represents a 2.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 20.89% of the company’s stock.

Hedge Funds Weigh In On AST SpaceMobile

Several hedge funds and other institutional investors have recently modified their holdings of ASTS. Integrity Advisory Solutions LLC raised its stake in AST SpaceMobile by 5.7% during the third quarter. Integrity Advisory Solutions LLC now owns 8,587 shares of the company’s stock worth $505,000 after acquiring an additional 460 shares in the last quarter. IPG Investment Advisors LLC boosted its stake in shares of AST SpaceMobile by 21.2% in the 3rd quarter. IPG Investment Advisors LLC now owns 10,500 shares of the company’s stock valued at $618,000 after purchasing an additional 1,840 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of AST SpaceMobile by 3.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 532,163 shares of the company’s stock valued at $31,323,000 after purchasing an additional 18,971 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of AST SpaceMobile in the 3rd quarter valued at $45,926,000. Finally, ProShare Advisors LLC grew its holdings in shares of AST SpaceMobile by 91.3% in the 3rd quarter. ProShare Advisors LLC now owns 7,626 shares of the company’s stock worth $449,000 after purchasing an additional 3,640 shares during the last quarter. Institutional investors 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.