AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report)’s share price was up 10.3% during mid-day trading on Thursday . The company traded as high as $92.94 and last traded at $92.62. Approximately 16,792,035 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 14,901,304 shares. The stock had previously closed at $83.99.
Key Headlines Impacting AST SpaceMobile
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: Investors loaded up ahead of the BlueBird?7 launch, extending ASTS’s winning streak as traders expect the launch to validate technology and de?risk commercialization. AST SpaceMobile Inc. (ASTS) Flies 10.3% Ahead of BlueBird 7 Launch
- Positive Sentiment: Sector momentum from talk of a large SpaceX IPO and investor attention on satellite/mobile connectivity names is lifting ASTS as investors rotate into “space” exposure; AST’s different approach vs. SpaceX is being highlighted as a complementary growth story. Why AST SpaceMobile Stock Soared This Week
- Positive Sentiment: Reports of takeover interest in other satellite companies (Iridium/Globalstar chatter) have buoyed sentiment across the sector, which can lift comparable names like ASTS through re?rating and M&A speculation. Iridium, Viasat Stocks Surge. Why a Bid for a Satellite Rival Is Good News.
- Neutral Sentiment: NASA’s Artemis II launch is boosting general investor interest in space and aerospace names, a thematic tailwind that can indirectly support ASTS but does not change near?term fundamentals. Artemis II Launched. What Comes Next.
- Neutral Sentiment: Analyst commentary and long?term bullish takes (e.g., stories profiling ASTS as a multi?bag idea) keep interest elevated but are speculative; BofA’s neutral stance and multi?year execution risks remain important considerations. Is AST SpaceMobile (ASTS) Among the Stocks That Could 10x Over the Next 5 Years?
- Negative Sentiment: Geopolitical risk and macro headlines briefly pressured ASTS, with at least one session showing a ~6% drop as risk?off flows outweighed near?term catalysts. That volatility highlights downside risk ahead of launches. AST SpaceMobile and Rocket Lab Drop 6%: Geopolitical Fears Overshadow BlueBird and Mynaric Catalysts
- Negative Sentiment: Coverage noted ASTS falling in the wake of other satellite headlines even as peers rallied, signaling that headline-driven trading can push ASTS both ways and that fundamentals/earnings execution remain key to sustaining gains. Iridium Stock Rises as a Rival Holds Bid Talks. What Dragged AST SpaceMobile Down.
Wall Street Analyst Weigh In
ASTS has been the subject of several research reports. B. Riley Financial decreased their price target on shares of AST SpaceMobile from $105.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of AST SpaceMobile in a report on Tuesday, January 20th. Zacks Research upgraded shares of AST SpaceMobile from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. 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, March 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $63.77.
AST SpaceMobile Stock Performance
The company has a market cap of $35.38 billion, a P/E ratio of -70.17 and a beta of 2.81. The company has a current ratio of 16.35, a quick ratio of 16.27 and a debt-to-equity ratio of 0.92. The business has a 50 day moving average price of $92.27 and a 200-day moving average price of $80.00.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last released its quarterly earnings data on Monday, March 2nd. The company reported ($0.26) earnings per share (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 business’s revenue for the quarter was up 2731.3% compared to the same quarter last year. Analysts forecast that AST SpaceMobile, Inc. will post -0.4 earnings per share for the current fiscal year.
Insider Activity
In related news, CTO Huiwen Yao sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $88.88, for a total value of $3,555,200.00. Following the completion of the sale, the chief technology officer directly owned 4,750 shares in the company, valued at approximately $422,180. The trade was a 89.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 30.90% of the company’s stock.
Institutional Trading of AST SpaceMobile
A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of AST SpaceMobile by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 21,488,180 shares of the company’s stock worth $1,560,687,000 after purchasing an additional 1,568,292 shares during the period. Vodafone Ventures Ltd acquired a new stake in AST SpaceMobile during the fourth quarter worth about $397,413,000. Morgan Stanley grew its stake in AST SpaceMobile by 44.0% during the fourth quarter. Morgan Stanley now owns 4,661,551 shares of the company’s stock worth $338,569,000 after buying an additional 1,425,199 shares in the last quarter. Geode Capital Management LLC increased its holdings in AST SpaceMobile by 9.8% in the 4th quarter. Geode Capital Management LLC now owns 4,522,549 shares of the company’s stock valued at $328,749,000 after buying an additional 402,505 shares during the period. Finally, State Street Corp raised its position in shares of AST SpaceMobile by 9.7% in the 4th quarter. State Street Corp now owns 3,951,685 shares of the company’s stock valued at $287,011,000 after buying an additional 350,690 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.
About AST SpaceMobile
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.
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