AST SpaceMobile (NASDAQ:ASTS) Stock Price Down 4% – Should You Sell?

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s share price was down 4% during trading on Thursday . The company traded as low as $59.87 and last traded at $59.91. 8,267,722 shares were traded during mid-day trading, a decline of 52% from the average session volume of 17,085,412 shares. The stock had previously closed at $62.42.

AST SpaceMobile News Summary

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

• Positive Sentiment: A new U.S. task force targeting 10,000 annual space operations by 2035 could benefit ASTS through faster regulatory approvals, additional spaceports, priority launch corridors and improved airspace integration. New Trump Task Force Targets 10,000 Annual Space Operations By 2035
• Positive Sentiment: ASTS generated approximately $31.5 million of second-quarter revenue, sharply above $1.2 million a year earlier, while its roughly $1.3 billion contracted backlog includes commercial and U.S. government business. This supports the longer-term growth case, although the forecast that revenue could triple again by 2028 remains speculative. Prediction: AST SpaceMobile Triples Its Revenue Again by 2028
• Positive Sentiment: AST is seeking additional satellite testing in the United States, including proposed BlueBird radiolocation tests near three gateway sites. Progress on testing could support network deployment and regulatory approvals. ASTS Stock Hits Nearly 3-Week High
• Neutral Sentiment: Reported short interest was zero shares as of September 10, unchanged from the prior period, implying no measurable short-selling signal. The figures appear anomalous, with the reported percentage change listed as “NaN.”
• Neutral Sentiment: Analyst opinions remain divided, limiting the usefulness of consensus sentiment as a clear catalyst. Analysts Have Conflicting Sentiments on AST SpaceMobile
• Negative Sentiment: Investors remain concerned about satellite deployment timing, regulatory hurdles and future capital needs despite ASTS’s strong liquidity, partnerships and broadband progress. Those concerns have contributed to a substantial six-month decline. ASTS Stock Declines 24.4% in Six Months
• Negative Sentiment: The latest earnings update missed analyst expectations on both adjusted loss and revenue, while the company continues to operate with deeply negative margins. This has weighed on expectations since the report. Why Is AST SpaceMobile Down Since Last Earnings Report?
• Negative Sentiment: Weakness in other space stocks, including selling tied to an insider share unlock at SpaceX, has added broader sector pressure to ASTS. Space Sector Stocks Under Pressure

Analysts Set New Price Targets

ASTS has been the topic of a number of research reports. William Blair restated a “market perform” rating on shares of AST SpaceMobile in a research report on Friday, May 29th. Piper Sandler reduced their price objective on AST SpaceMobile from $100.00 to $98.00 and set an “overweight” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Wednesday, June 24th. Cantor Fitzgerald lifted their price objective on AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Finally, New Street Research set a $106.00 price objective on AST SpaceMobile in a research note on Friday, May 29th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, AST SpaceMobile presently has an average rating of “Hold” and a consensus price target of $86.58.

AST SpaceMobile Trading Down 4.0%

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 company has a market capitalization of $23.32 billion, a PE ratio of -28.00 and a beta of 2.74. The company’s fifty day moving average is $65.59 and its 200-day moving average is $80.09.

AST SpaceMobile (NASDAQ:ASTS) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.45). The company had revenue of $31.52 million for 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 previous year, the business earned ($0.41) EPS. On average, analysts anticipate that AST SpaceMobile, Inc. will post -1.95 EPS for the current fiscal year.

Insider Activity at AST SpaceMobile

In other AST SpaceMobile news, Director Adriana Cisneros bought 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 completion of the acquisition, the director directly owned 797,023 shares in the company, valued at approximately $45,605,656.06. This trade represents a 1.38% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 20.89% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Compass Financial Management LLC purchased a new stake in AST SpaceMobile during the second quarter worth $26,000. 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 during the last quarter. Grove Bank & Trust acquired a new stake in shares of AST SpaceMobile in the second quarter valued at about $27,000. Continuum Advisory LLC acquired a new position in shares of AST SpaceMobile during the 2nd quarter worth approximately $28,000. Finally, Acumen Wealth Advisors LLC acquired a new stake in AST SpaceMobile during the fourth quarter worth about $29,000. 60.95% of the stock is owned by institutional investors and hedge funds.

About AST SpaceMobile

AST SpaceMobile, Inc develops a space-based cellular broadband network designed to connect standard, unmodified mobile phones directly to satellites. Its planned service is intended to extend mobile connectivity beyond the coverage of traditional terrestrial wireless networks, including in rural, remote and underserved areas.

The company’s primary technology platform consists of large, low-Earth-orbit satellites known as BlueBirds. AST SpaceMobile is developing these satellites to provide voice, messaging and broadband data services through partnerships with mobile network operators, using existing cellular devices and spectrum where permitted.

Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.