Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $92.06, but opened at $97.23. AST SpaceMobile shares last traded at $97.40, with a volume of 4,647,721 shares traded.
Key Stories Impacting AST SpaceMobile
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: AST SpaceMobile announced that its BlueBird 8, 9, and 10 satellites are scheduled to launch on June 17 aboard a SpaceX Falcon 9 rocket, a near-term operational catalyst that could help validate its rollout timeline. AST SpaceMobile Announces Launch Date for BlueBird Satellites 8, 9, and 10
- Positive Sentiment: Some commentary says AST SpaceMobile could retain a competitive edge over Starlink for the next two years, suggesting investors still see upside if the company executes on its satellite deployment plans. ASTS Stock Logs Worst Stretch Of 2026 As SpaceX IPO Looms — But One Analyst Sees A 2-Year Edge Over Starlink
- Neutral Sentiment: Analysts and brokerages continue to assign a consensus “Reduce” rating to ASTS, reflecting cautious sentiment and an average target price below recent trading levels. Barclays Sticks to Its Sell Rating for AST SpaceMobile (ASTS)
- Negative Sentiment: Insider selling is adding pressure: CTO Huiwen Yao sold 40,000 shares in a pre-arranged 10b5-1 transaction, which can still weigh on sentiment even if it was planned in advance. Insider Selling: AST SpaceMobile (NASDAQ:ASTS) CTO Sells 40,000 Shares of Stock
- Negative Sentiment: Investors are also focused on launch-market risk and SpaceX dependence, with recent analysis warning that AST SpaceMobile’s reliance on SpaceX for launches could create pricing and competitive pressure over time. How SpaceX Reliance Shapes AST SpaceMobile Risk Pricing And Valuation
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. William Blair reiterated a “market perform” rating on shares of AST SpaceMobile in a report on Friday, May 29th. B. Riley Financial upped their target price on AST SpaceMobile from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Zacks Research upgraded AST SpaceMobile from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft downgraded AST SpaceMobile from a “buy” rating to a “hold” rating and reduced their target price for the stock from $117.00 to $106.00 in a report on Friday, May 29th. Finally, Roth Mkm reiterated a “buy” rating and set a $108.00 target price on shares of AST SpaceMobile in a report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $81.33.
AST SpaceMobile Trading Down 5.6%
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 company has a market cap of $33.75 billion, a P/E ratio of -48.14 and a beta of 2.70. The stock has a 50-day moving average of $89.69 and a two-hundred day moving average of $87.16.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.43). AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The company had revenue of $14.74 million for the quarter, compared to the consensus estimate of $39.01 million. During the same period last year, the business earned ($0.20) EPS. The firm’s quarterly revenue was up 1952.2% on a year-over-year basis. On average, equities research analysts predict that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current year.
Insider Buying and Selling
In related news, CFO Andrew Martin Johnson sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $90.25, for a total transaction of $451,250.00. Following the completion of the transaction, the chief financial officer owned 565,805 shares of the company’s stock, valued at $51,063,901.25. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Hiroshi Mikitani sold 1,690,000 shares of the firm’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 value of $154,499,800.00. Following the transaction, the insider directly owned 29,330,155 shares of the company’s stock, valued at approximately $2,681,362,770.10. This trade represents a 5.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,140,000 shares of company stock worth $279,903,150 in the last 90 days. Corporate insiders own 20.89% of the company’s stock.
Institutional Trading of AST SpaceMobile
Institutional investors have recently added to or reduced their stakes in the business. REAP Financial Group LLC purchased a new stake in AST SpaceMobile during the 3rd quarter valued at $25,000. Crewe Advisors LLC purchased a new stake in AST SpaceMobile during the 4th quarter valued at $25,000. Laurel Wealth Advisors LLC purchased a new stake in AST SpaceMobile during the 4th quarter valued at $25,000. Cornerstone Planning Group LLC boosted its stake in AST SpaceMobile by 16,350.0% during the 1st 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 last quarter. Finally, Byrne Asset Management LLC purchased a new stake in AST SpaceMobile during the 4th quarter valued at $29,000. 60.95% of the stock is currently owned by hedge funds and other 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.
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