AST SpaceMobile (NASDAQ:ASTS) Trading Down 10.5% – Here’s Why

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares traded down 10.5% during mid-day trading on Thursday . The stock traded as low as $91.05 and last traded at $93.86. 15,689,396 shares were traded during trading, a decline of 2% from the average session volume of 16,019,737 shares. The stock had previously closed at $104.89.

Key AST SpaceMobile News

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

• Positive Sentiment: TELUS commercial agreement expands ASTS’s addressable market in Canada and validates the company’s go-to-market approach; this partnership is driving near-term commercial momentum and investor interest. TELUS and AST SpaceMobile Partner to Bring Space-Based Cellular Broadband Connectivity to Every Corner of Canada
• Positive Sentiment: Company moved from “pre-revenue” to commercial receipts in 2025 — $70.9M in revenue, ~50+ telecom partners, ~3 billion potential subscribers and >$1.2B in contracted backlog — and plans 45–60 satellite launches by end?2026 to scale continuous service. Those operational milestones support a growth narrative. AST SpaceMobile: A Bold Bet On Space Networks
• Positive Sentiment: Additional Canadian mobile?network operator signings and the TELUS deal broaden the partner base, increasing the likelihood of steady commercial revenue ramp as the constellation expands. ASTS Rides on Expanding Partner Base: Will it Drive Revenue Growth?
• Neutral Sentiment: UBS raised its price target materially (from $43 to $85) but kept a “neutral” rating, signaling mixed analyst views — upside to PT but still caution on fundamentals and timing. Benzinga
• Neutral Sentiment: Shares rallied earlier on the TELUS news (large intraday spike), which increases short?term volatility and the potential for profit-taking after a quick move higher. AST SpaceMobile (ASTS) Soars 13% on Telus Backing
• Negative Sentiment: Fundamentals remain challenged: a recent quarterly EPS miss, negative net margins and analyst forecasts for negative EPS this year leave valuation stretched versus current market cap, creating downside risk if revenue execution or margins disappoint.
• Negative Sentiment: Competitive threat from SpaceX’s Starlink and other incumbents is real — ASTS’s differentiated direct?to?phone approach helps, but market share, pricing and timing remain uncertain and can pressure sentiment if execution slips. AST SpaceMobile’s Plan to Beat SpaceX’s Starlink. What’s Propelling the Stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group boosted their price target on shares of AST SpaceMobile from $43.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday. Scotiabank cut shares of AST SpaceMobile from a “sector perform” rating to a “sector underperform” rating and set a $45.60 target price on the stock. in a research report on Wednesday, January 7th. B. Riley Financial lowered their price target on shares of AST SpaceMobile from $105.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Monday, December 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of AST SpaceMobile in a research note on Tuesday, January 20th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $63.77.

AST SpaceMobile Stock Down 10.5%

The firm has a market cap of $34.45 billion, a PE ratio of -71.11 and a beta of 2.77. The company has a 50-day simple moving average of $94.38 and a 200-day simple moving average of $73.50. The company has a debt-to-equity ratio of 0.92, a current ratio of 16.35 and a quick ratio of 9.48.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings data on Monday, March 2nd. The company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The business had revenue of $54.31 million during the quarter, compared to the consensus estimate of $39.53 million. AST SpaceMobile had a negative net margin of 482.16% and a negative return on equity of 23.02%. The firm’s revenue was up 2731.3% on a year-over-year basis. Analysts expect that AST SpaceMobile, Inc. will post -0.4 earnings per share for the current fiscal year.

Insider Activity at AST SpaceMobile

In other news, Director Keith R. Larson bought 625 shares of the firm’s stock in a transaction on Wednesday, December 24th. The stock was acquired at an average cost of $80.00 per share, with a total value of $50,000.00. Following the transaction, the director directly owned 2,015 shares in the company, valued at approximately $161,200. This trade represents a 44.96% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Huiwen Yao sold 40,000 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $73.52, for a total value of $2,940,800.00. Following the completion of the sale, the chief technology officer owned 4,750 shares of the company’s stock, valued at $349,220. This represents a 89.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have purchased 2,015 shares of company stock worth $149,144 and have sold 2,344,621 shares worth $163,788,075. Corporate insiders own 30.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vodafone Ventures Ltd purchased a new position in AST SpaceMobile during the 4th quarter worth $397,413,000. Norges Bank acquired a new stake in AST SpaceMobile in the fourth quarter worth about $198,270,000. Vanguard Group Inc. grew its stake in shares of AST SpaceMobile by 13.4% during the third quarter. Vanguard Group Inc. now owns 19,919,888 shares of the company’s stock worth $977,668,000 after acquiring an additional 2,351,539 shares during the last quarter. Clear Street Group Inc. purchased a new stake in shares of AST SpaceMobile during the third quarter worth about $90,129,000. Finally, Morgan Stanley increased its holdings in shares of AST SpaceMobile by 44.0% during the fourth quarter. Morgan Stanley now owns 4,661,551 shares of the company’s stock valued at $338,569,000 after acquiring an additional 1,425,199 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

AST SpaceMobile Company Profile

AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company’s core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.

AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.