Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) traded up 6.4% during mid-day trading on Tuesday. The stock traded as high as $43.43 and last traded at $41.96. 15,206,355 shares traded hands during trading, a decline of 9% from the average session volume of 16,701,490 shares. The stock had previously closed at $39.45.
AST SpaceMobile News Summary
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: BlackRock stake provides institutional support. BlackRock reported owning approximately 16.1 million ASTS shares, or a 5.4% interest, potentially signaling confidence in AST SpaceMobile after its recent selloff. ASTS Stock Logs Best Day In Nearly a Month — BlackRock’s Stake Takes Spotlight After Bruising Selloff
- Positive Sentiment: International expansion remains a longer-term catalyst. AST SpaceMobile has secured Brazilian spectrum access to offer satellite-based calls, internet and video directly to ordinary smartphones in areas lacking mobile coverage. Can ASTS Turn Brazil’s Spectrum Approval Into a Growth Opportunity?
- Neutral Sentiment: Analysts are weighing ASTS against more established telecom companies. Comparisons with Verizon highlight AST SpaceMobile’s potentially high-growth satellite model but also its greater execution, financing and valuation risks. VZ vs. ASTS: Which Telecom Stock Has the Stronger Investment Case?
- Negative Sentiment: Amazon’s approved Globalstar transaction increases competitive pressure. The FCC-approved $11.5 billion deal could strengthen direct-to-device satellite connectivity through Globalstar and intensify competition with AST SpaceMobile and SpaceX. Amazon’s FCC-Approved $11.5B Globalstar Deal Puts Fresh Pressure On Struggling AST SpaceMobile Stock
- Negative Sentiment: Multiple law firms are promoting a securities class action. The lawsuit alleges ASTS misrepresented the sufficiency of its capital and liquidity, competitive position and future funding needs, while roughly $3 billion of convertible-note offerings allegedly caused shareholder dilution. The lead-plaintiff deadline is generally reported as November 13, 2026. ASTS Upcoming Deadline: SueWallSt Alerts AST SpaceMobile Stockholders
Analyst Ratings Changes
ASTS has been the subject of several research analyst reports. UBS Group began coverage on AST SpaceMobile in a research note on Wednesday, September 2nd. They set a “buy” rating for the company. Berenberg Bank started coverage on shares of AST SpaceMobile in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $92.00 price target for the company. Deutsche Bank Aktiengesellschaft raised shares of AST SpaceMobile from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Monday, October 12th. William Blair reissued a “market perform” rating on shares of AST SpaceMobile in a report on Monday, October 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Monday, September 21st. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $80.67.
View Our Latest Stock Report on ASTS
AST SpaceMobile Stock Up 2.6%
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 market capitalization of $16.89 billion, a P/E ratio of -20.28 and a beta of 2.72. The stock has a fifty day moving average price of $55.97 and a two-hundred day moving average price of $78.30.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.32) by ($0.45). The firm had revenue of $31.52 million for the quarter, compared to the consensus estimate 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 last year, the business earned ($0.41) earnings per share. Research analysts forecast that AST SpaceMobile, Inc. will post -1.91 EPS for the current year.
Insiders Place Their Bets
In other AST SpaceMobile news, Director Adriana Cisneros acquired 10,822 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was acquired at an average price of $57.22 per share, with a total value of $619,234.84. Following the transaction, the director directly owned 797,023 shares in the company, valued at approximately $45,605,656.06. This represents a 1.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Shanti B. Gupta sold 12,000 shares of the stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $58.89, for a total transaction 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 trade represents a 2.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 20.89% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On AST SpaceMobile
A number of large investors have recently bought and sold shares of the business. ABN Amro Investment Solutions acquired a new position in AST SpaceMobile during the 1st quarter valued at about $996,000. KBC Group NV lifted its stake in shares of AST SpaceMobile by 259.5% in the 1st quarter. KBC Group NV now owns 23,438 shares of the company’s stock worth $1,942,000 after acquiring an additional 16,918 shares during the period. Bank of Nova Scotia acquired a new stake in shares of AST SpaceMobile in the 1st quarter worth approximately $1,329,000. Sanders Morris Harris LLC bought a new position in shares of AST SpaceMobile in the third quarter valued at approximately $1,020,000. Finally, Swedbank AB bought a new position in shares of AST SpaceMobile in the first quarter valued at approximately $3,399,000. 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.
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