AST SpaceMobile (NASDAQ:ASTS) Stock Price Down 5.5% – Here’s What Happened

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares were down 5.5% on Friday. The stock traded as low as $31.34 and last traded at $32.60. 14,277,570 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 16,818,951 shares. The stock had previously closed at $34.50.

Latest AST SpaceMobile News

Investors following ASTS have been watching these news items:

• Neutral Sentiment: Firefly Aerospace reported sharply higher third-quarter revenue, partly tied to its $1.3 billion AST SpaceMobile deal, and raised guidance. The partnership may support AST’s satellite deployment plans, but execution and potential dilution risks remain. Article: Firefly Aerospace Lights Up a High-Risk Space Opportunity
• Negative Sentiment: A securities class action alleges material misstatements or omissions about the company’s capital and liquidity during March 4, 2025–July 15, 2026. The November 13 lead-plaintiff deadline and repeated law-firm notices add legal and reputational uncertainty; the allegations are not proven. Article: ASTS Securities Fraud Class Action Deadline
• Negative Sentiment: Analyst commentary also flags ASTS’s capital needs, launch timing and valuation: one comparison gives SpaceX the edge on growth and valuation, while a separate estimate lowered AST SpaceMobile’s implied fair value. Article: SpaceX vs. AST SpaceMobile

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. B. Riley Financial cut their target price on shares of AST SpaceMobile from $65.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 10th. Royal Bank Of Canada downgraded AST SpaceMobile to a “sector perform” rating in a research note on Friday, October 2nd. Cantor Fitzgerald reiterated an “overweight” rating on shares of AST SpaceMobile in a research note on Monday, November 9th. William Blair reissued a “market perform” rating on shares of AST SpaceMobile in a report on Wednesday. Finally, Citigroup restated a “positive” rating on shares of AST SpaceMobile in a research note on Tuesday, November 10th. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $72.70.

AST SpaceMobile Price Performance

The stock has a market capitalization of $12.69 billion, a P/E ratio of -15.31 and a beta of 2.88. The company has a 50 day moving average of $49.70 and a 200-day moving average of $74.14. The company has a quick ratio of 12.90, a current ratio of 13.65 and a debt-to-equity ratio of 1.89.

AST SpaceMobile (NASDAQ:ASTS) last released its earnings results on Monday, November 9th. The company reported ($0.44) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.03). AST SpaceMobile had a negative net margin of 439.71% and a negative return on equity of 22.00%. The business had revenue of $42.32 million for the quarter, compared to the consensus estimate of $45.73 million. During the same quarter in the previous year, the firm earned ($0.45) EPS. The firm’s revenue for the quarter was up 187.9% on a year-over-year basis. Sell-side analysts predict that AST SpaceMobile, Inc. will post -1.95 EPS for the current year.

Insider Activity

In related news, CTO Huiwen Yao sold 40,000 shares of the business’s 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 sale, the chief technology officer owned 34,750 shares of the company’s stock, valued at $2,047,817.50. This represents a 53.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Adriana Cisneros acquired 10,822 shares of the stock in a transaction that occurred on 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 transaction, the director owned 797,023 shares in the company, valued at approximately $45,605,656.06. The trade was a 1.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 20.89% of the company’s stock.

Hedge Funds Weigh In On AST SpaceMobile

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Entropy Technologies LP bought a new stake in shares of AST SpaceMobile in the 3rd quarter worth approximately $7,166,000. Jump Financial LLC bought a new position in AST SpaceMobile during the 3rd quarter worth $835,000. Pathstone Holdings LLC increased its position in AST SpaceMobile by 3.3% in the third quarter. Pathstone Holdings LLC now owns 69,897 shares of the company’s stock worth $4,114,000 after buying an additional 2,217 shares during the period. Headlands Technologies LLC increased its position in AST SpaceMobile by 132.8% in the third quarter. Headlands Technologies LLC now owns 5,286 shares of the company’s stock worth $311,000 after buying an additional 3,015 shares during the period. Finally, Empowered Funds LLC increased its position in AST SpaceMobile by 12.8% in the third quarter. Empowered Funds LLC now owns 6,999 shares of the company’s stock worth $412,000 after buying an additional 796 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.

AST SpaceMobile Company Profile

AST SpaceMobile, Inc. develops a space-based cellular broadband network designed to connect directly with standard mobile phones, without requiring users to purchase specialized satellite devices. Its planned services include voice calls, text messaging and mobile broadband, delivered through partnerships with mobile network operators and integrated with their existing networks. The company is developing and deploying its BlueBird satellite system to provide coverage in areas where terrestrial cellular networks are unavailable or limited.