AST SpaceMobile (NASDAQ:ASTS) Shares Down 6.1% – Here’s What Happened

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares fell 6.1% on Thursday. The company traded as low as $55.96 and last traded at $56.93. Approximately 17,821,467 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 16,461,318 shares. The stock had previously closed at $60.65.

Trending Headlines about AST SpaceMobile

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

• Positive Sentiment: AST SpaceMobile and TELUS completed an integration test linking TELUS’s terrestrial network with AST SpaceMobile’s satellite system for direct smartphone-to-satellite connectivity in Canada. The milestone supports the company’s carrier-partnership strategy and potential commercial rollout. AST SpaceMobile Could Be 67% Undervalued on TELUS Integration Progress
• Positive Sentiment: AST SpaceMobile has reported approximately $3.7 billion in funding and is targeting 45 BlueBird satellites by early 2027. Reaching the estimated 45-to-60-satellite threshold for continuous coverage is viewed as a key catalyst for future revenue, although execution and launch timing remain critical. BlueBird Launches Hold the Key to Future Gains
• Positive Sentiment: Clear Street maintained a Buy rating, saying the FCC’s October 29 agenda favors AST SpaceMobile’s carrier partnerships, though it identified a limited auction-related risk. Clear Street Calls FCC Meeting Agenda Mixed for AST SpaceMobile
• Neutral Sentiment: One report said October short interest totaled zero shares, while other recent coverage cited short interest equal to 21.84% of the float. The conflicting figures make the current short-position data difficult to interpret. 21.84% of AST SpaceMobile’s Float Is Betting Against It
• Negative Sentiment: SpaceX secured low-band spectrum that AST SpaceMobile had pursued, increasing competitive concerns around satellite-to-phone services and limiting ASTS’s spectrum options. Analysts nevertheless note that AST SpaceMobile could become a valuable partner for wireless carriers competing with SpaceX. AST SpaceMobile Falls as SpaceX Spectrum Deal Closes Off Low-Band Option
• Negative Sentiment: Multiple law firms publicized a securities class action alleging material misstatements or omissions related to AST SpaceMobile’s capital and liquidity position, user-adoption risks and dilution from convertible-note offerings. The November 13, 2026 lead-plaintiff deadline adds to headline and potential legal risk. ASTS Investor Alert and Class Action Deadline
• Negative Sentiment: Investors remain concerned that AST SpaceMobile is unprofitable, faces substantial future cash burn and trades at a very high price-to-sales valuation, leaving the stock particularly sensitive to launch delays or weaker-than-expected adoption. The Single Most Important Metric for AST SpaceMobile Stock

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Piper Sandler reduced their price objective on shares of AST SpaceMobile from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Tuesday, August 11th. Berenberg Bank assumed coverage on shares of AST SpaceMobile in a research report on Wednesday, September 2nd. They issued a “buy” rating and a $92.00 target price on the stock. UBS Group assumed coverage on shares of AST SpaceMobile in a report on Wednesday, September 2nd. They set a “buy” rating on the stock. William Blair restated a “market perform” rating on shares of AST SpaceMobile in a research report on Monday. Finally, Cantor Fitzgerald raised their price objective on shares of AST SpaceMobile from $80.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, AST SpaceMobile presently has an average rating of “Hold” and an average target price of $84.58.

AST SpaceMobile Stock Down 10.5%

The firm has a 50-day moving average of $62.91 and a two-hundred day moving average of $75.67. The stock has a market capitalization of $19.84 billion, a price-to-earnings ratio of -23.82 and a beta of 2.72. The company has a quick ratio of 12.90, a current ratio of 13.05 and a debt-to-equity ratio of 1.24.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $34.53 million. AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. During the same quarter in the previous year, the business posted ($0.41) earnings per share. As a group, sell-side analysts anticipate that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current year.

Insiders Place Their Bets

In related news, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction on Wednesday, September 16th. The stock was 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 directly owned 34,750 shares in the company, valued at approximately $2,047,817.50. This trade represents a 53.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Shanti B. Gupta sold 12,000 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $58.89, for a total value of $706,680.00. Following the completion of the transaction, the chief operating officer owned 462,980 shares in the company, valued at $27,264,892.20. This trade represents a 2.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 20.89% of the company’s stock.

Institutional Investors Weigh In On AST SpaceMobile

Large investors have recently made changes to their positions in the company. Capital Advisors Ltd. LLC raised its holdings in AST SpaceMobile by 6.6% during the first quarter. Capital Advisors Ltd. LLC now owns 2,638 shares of the company’s stock valued at $219,000 after buying an additional 164 shares in the last quarter. Hollencrest Capital Management increased its holdings in shares of AST SpaceMobile by 11.7% during the 1st quarter. Hollencrest Capital Management now owns 1,592 shares of the company’s stock valued at $132,000 after acquiring an additional 167 shares during the last quarter. Byrne Asset Management LLC increased its holdings in shares of AST SpaceMobile by 17.0% during the 3rd quarter. Byrne Asset Management LLC now owns 1,170 shares of the company’s stock valued at $67,000 after acquiring an additional 170 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of AST SpaceMobile by 15.5% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 1,404 shares of the company’s stock valued at $121,000 after acquiring an additional 188 shares in the last quarter. Finally, HHM Wealth Advisors LLC lifted its holdings in AST SpaceMobile by 72.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 465 shares of the company’s stock worth $39,000 after purchasing an additional 195 shares during the last quarter. Institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Company Profile

AST SpaceMobile, Inc develops a space-based cellular broadband network designed to connect standard mobile phones directly to satellites without requiring specialized satellite phones or equipment. The company’s objective is to extend mobile connectivity to areas that lack reliable terrestrial cellular coverage, including remote and underserved regions.

Its system is built around the planned SpaceMobile satellite constellation, including BlueBird satellites equipped with large communications arrays.