AST SpaceMobile (NASDAQ:ASTS) Stock Price Down 4.1% – Should You Sell?

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s stock price dropped 4.1% during mid-day trading on Wednesday. The stock traded as low as $34.87 and last traded at $35.62. Approximately 15,641,118 shares changed hands during mid-day trading, a decline of 6% from the average session 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: Major rocket and engine agreement: AST SpaceMobile plans to develop a 20-ton rocket, called Blacklift, to launch its BlueBird satellites. A three-year agreement with Firefly Aerospace, valued at more than $1.3 billion, covers engines, licensed technology and engineering support. Bringing launch capability in-house could help AST manage satellite deployment, but the plan will require successful development and execution. AST SpaceMobile rocket announcement Firefly engine deal details
• Positive Sentiment: Government and market opportunities: Recent coverage also points to a U.S. Space Force contract supporting space-based sensing, and potential commercial-service growth in Brazil. These could broaden AST’s opportunities beyond its core direct-to-phone service, though the provided reports offer limited detail on expected revenue or timing. Space Force contract Brazil growth discussion
• Neutral Sentiment: Near-term earnings catalyst: AST is scheduled to report third-quarter results after the market closes November 9. One report cites analyst expectations for a loss of $0.42 per share and revenue of $45.73 million; options pricing signals that traders expect a potentially sharp move in either direction. Earnings and options expectations
• Negative Sentiment: Securities class action: Multiple law firms are publicizing a filed lawsuit on behalf of investors who purchased AST securities from March 4, 2025, through July 15, 2026. The allegations are not proven, but the litigation creates reputational and potential legal-cost risks; November 13 is the lead-plaintiff deadline. Class action deadline notice

Analyst Ratings Changes

Several brokerages have recently commented on ASTS. Berenberg Bank initiated coverage on AST SpaceMobile in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $92.00 price target on the stock. B. Riley Financial lowered shares of AST SpaceMobile from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $85.00 to $65.00 in a report on Friday, October 2nd. Piper Sandler cut shares of AST SpaceMobile from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $98.00 to $54.00 in a research report on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft raised shares of AST SpaceMobile from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Monday, October 12th. Finally, William Blair reissued a “market perform” rating on shares of AST SpaceMobile in a research note on Monday, October 5th. Six research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $80.67.

AST SpaceMobile Stock Up 7.1%

The firm has a market cap of $12.58 billion, a price-to-earnings ratio of -15.11 and a beta of 2.88. The company has a debt-to-equity ratio of 1.24, a quick ratio of 12.90 and a current ratio of 13.05. The firm has a 50-day moving average price of $52.75 and a two-hundred day moving average price of $76.41.

AST SpaceMobile (NASDAQ:ASTS) last announced its earnings results on Monday, August 10th. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.45). The business had revenue of $31.52 million during the quarter, compared to analyst estimates 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 previous year, the firm earned ($0.41) earnings per share. On average, sell-side analysts forecast that AST SpaceMobile, Inc. will post -1.91 earnings per share for the current year.

Insider Activity

In related news, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $58.93, for a total transaction 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 $2,047,817.50. This represents a 53.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Adriana Cisneros acquired 10,822 shares of AST SpaceMobile stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average price of $57.22 per share, with a total value of $619,234.84. Following the transaction, the director owned 797,023 shares of the company’s stock, valued at $45,605,656.06. This trade represents a 1.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 20.89% of the company’s stock.

Institutional Investors Weigh In On AST SpaceMobile

A number of institutional investors have recently added to or reduced their stakes in ASTS. Moors & Cabot Inc. lifted its position in shares of AST SpaceMobile by 4.7% in the third quarter. Moors & Cabot Inc. now owns 17,416 shares of the company’s stock valued at $1,025,000 after acquiring an additional 788 shares in the last quarter. Allworth Financial LP increased its position in AST SpaceMobile by 64.2% during the 3rd quarter. Allworth Financial LP now owns 6,696 shares of the company’s stock worth $394,000 after purchasing an additional 2,619 shares in the last quarter. Eurizon Capital SGR S.p.A. increased its position in AST SpaceMobile by 5.6% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 22,384 shares of the company’s stock worth $1,318,000 after purchasing an additional 1,190 shares in the last quarter. R Squared Ltd acquired a new position in AST SpaceMobile in the 3rd quarter valued at about $231,000. Finally, Fifth Third Bancorp raised its stake in AST SpaceMobile by 15.5% in the 3rd quarter. Fifth Third Bancorp now owns 7,552 shares of the company’s stock valued at $445,000 after purchasing an additional 1,011 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Company Profile

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.