AST SpaceMobile (NASDAQ:ASTS) Hits New 52-Week High – Should You Buy?

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $129.97 and last traded at $128.4180, with a volume of 22674277 shares changing hands. The stock had previously closed at $119.70.

Key Stories Impacting AST SpaceMobile

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

• Positive Sentiment: SpaceX’s public IPO filing has lifted sentiment across the space sector, with ASTS benefiting from the broad “space stocks” rally. Space stocks surge after SpaceX IPO S-1 filing
• Positive Sentiment: ASTS is being viewed as a leading pure-play on direct-to-cell satellite connectivity, and recent coverage highlighted its partnerships with major carriers plus a planned mid-June satellite launch as tangible growth catalysts. AST SpaceMobile’s June Launch Plan Puts Its 2026 Satellite Goal Back in Focus
• Positive Sentiment: Momentum traders and Reddit-focused investors are also crowding into the name, amplifying the move in a stock that already has elevated short interest. Social Buzz: Wallstreetbets Stocks Mostly Advancing Pre-Bell Wednesday; Intuitive Machines, Rocket Lab to Open Higher

Analysts Set New Price Targets

ASTS has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 15th. Roth Mkm reiterated a “buy” rating and issued a $108.00 target price on shares of AST SpaceMobile in a research note on Tuesday, May 12th. New Street Research assumed coverage on shares of AST SpaceMobile in a report on Wednesday, May 13th. They set a “neutral” rating and a $80.00 price target on the stock. Deutsche Bank Aktiengesellschaft set a $117.00 price target on shares of AST SpaceMobile in a research report on Wednesday, April 15th. Finally, Zacks Research upgraded shares of AST SpaceMobile from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $79.45.

AST SpaceMobile Price Performance

The stock has a market capitalization of $50.33 billion, a P/E ratio of -72.86 and a beta of 2.60. The company has a debt-to-equity ratio of 1.11, a quick ratio of 18.37 and a current ratio of 18.47. The firm has a fifty day moving average price of $86.05 and a two-hundred day moving average price of $84.15.

AST SpaceMobile (NASDAQ:ASTS) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.43). AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The firm had revenue of $14.74 million during the quarter, compared to the consensus estimate of $39.01 million. During the same period in the previous year, the firm earned ($0.20) EPS. The business’s revenue was up 1952.2% on a year-over-year basis. As a group, analysts expect that AST SpaceMobile, Inc. will post -1.47 EPS for the current fiscal year.

Insider Buying and Selling at AST SpaceMobile

In other AST SpaceMobile news, major shareholder Hiroshi Mikitani sold 1,690,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $91.42, for a total transaction of $154,499,800.00. Following the completion of the sale, the insider directly owned 29,330,155 shares of the company’s stock, valued at approximately $2,681,362,770.10. This represents a 5.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julio A. Torres sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $76.34, for a total transaction of $1,145,100.00. Following the completion of the transaction, the director owned 43,239 shares in the company, valued at $3,300,865.26. The trade was a 25.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,100,000 shares of company stock worth $276,048,350 over the last quarter. Company insiders own 20.89% of the company’s stock.

Institutional Investors Weigh In On AST SpaceMobile

Several hedge funds and other institutional investors have recently modified their holdings of ASTS. Cornerstone Planning Group LLC grew its holdings in 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 purchasing an additional 327 shares during the period. Crewe Advisors LLC bought a new position in shares of AST SpaceMobile during the 4th quarter valued at approximately $25,000. Laurel Wealth Advisors LLC purchased a new stake in AST SpaceMobile in the 4th quarter worth approximately $25,000. Portus Wealth Advisors LLC bought a new stake in AST SpaceMobile during the 1st quarter worth approximately $30,000. Finally, Advocate Investing Services LLC purchased a new position in AST SpaceMobile during the first quarter valued at approximately $31,000. 60.95% of the stock is currently owned by hedge funds and other 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.