AST SpaceMobile (NASDAQ:ASTS) Shares Climb 2.5% – Here’s Why

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares rose 2.5% during trading on Friday. The company traded as high as $59.54 and last traded at $58.45. 14,924,929 shares changed hands during trading, a decline of 10% from the average session volume of 16,522,041 shares. The stock had previously closed at $57.04.

Key AST SpaceMobile News

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

• Positive Sentiment: AST SpaceMobile shipped three additional BlueBird satellites to Cape Canaveral, signaling continued production progress and bringing the company closer to its next launch. The development supports the company’s planned space-based cellular broadband network. AST SpaceMobile’s BlueBird Progress Comes With Several Risks Still Unresolved
• Positive Sentiment: Recent filings identified Wayne Thorsen, a former Google Fi and SiriusXM executive, as AST SpaceMobile’s new commercial chief. Investors may view the appointment as helpful for developing carrier partnerships and monetizing the satellite network. ASTS Stock Rises Overnight: New Commercial Chief
• Neutral Sentiment: Space-sector momentum following another SpaceX rideshare launch provided a broader lift to satellite and launch-related stocks, but the move was not specific to AST SpaceMobile’s fundamentals. Space Stocks Move Higher After Falcon 9 Launch
• Negative Sentiment: B. Riley cut its ASTS price target to $65 and adopted a more cautious view, citing rising competition, uncertain pricing, and potential launch delays. These issues raise questions about the timing and profitability of AST SpaceMobile’s network expansion. AST SpaceMobile Stock Trades Flat Following B. Riley Price Target Cut
• Negative Sentiment: Multiple law firms publicized a securities-fraud class action covering investors who purchased ASTS securities from March 4, 2025, through July 15, 2026. The lawsuit alleges that AST SpaceMobile and certain executives made material misstatements or omissions regarding the company’s capital and liquidity position; the lead-plaintiff deadline is November 13, 2026. AST SpaceMobile Securities Fraud Class Action Lawsuit

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Berenberg Bank started coverage on AST SpaceMobile in a research note on Wednesday, September 2nd. They set a “buy” rating and a $92.00 price target on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Monday, September 21st. B. Riley Financial lowered shares of AST SpaceMobile from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $85.00 to $65.00 in a research report on Friday. Deutsche Bank Aktiengesellschaft set a $93.00 target price on shares of AST SpaceMobile in a report on Wednesday, August 12th. Finally, Cantor Fitzgerald upped their price target on shares of AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, AST SpaceMobile currently has an average rating of “Hold” and a consensus price target of $84.58.

AST SpaceMobile Trading Up 2.5%

The company has a quick ratio of 12.90, a current ratio of 13.05 and a debt-to-equity ratio of 1.24. The company’s fifty day moving average price is $62.77 and its two-hundred day moving average price is $76.99. The firm has a market cap of $22.75 billion, a PE ratio of -27.31 and a beta of 2.72.

AST SpaceMobile (NASDAQ:ASTS) last released its earnings results on Monday, August 10th. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.45). AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. The business had revenue of $31.52 million during the quarter, compared to analyst estimates of $34.53 million. During the same period last year, the business posted ($0.41) EPS. As a group, sell-side analysts forecast that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current fiscal year.

Insider Activity at AST SpaceMobile

In other news, COO Shanti Gupta sold 12,000 shares of the company’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $58.89, for a total transaction of $706,680.00. Following the completion of the sale, the chief operating officer directly owned 462,980 shares in the company, valued at $27,264,892.20. This represents a 2.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Adriana Cisneros bought 10,822 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were purchased at an average price of $57.22 per share, with a total value of $619,234.84. Following the acquisition, the director directly owned 797,023 shares in the company, valued at approximately $45,605,656.06. This trade represents a 1.38% increase in their position. The disclosure for this purchase is available in the SEC filing. 20.89% of the stock is owned by insiders.

Hedge Funds Weigh In On AST SpaceMobile

Several hedge funds and other institutional investors have recently made changes to their positions in ASTS. Compass Financial Management LLC acquired a new position in shares of AST SpaceMobile during the second quarter worth about $26,000. Grove Bank & Trust purchased a new stake in shares of AST SpaceMobile during the 2nd quarter valued at about $27,000. Continuum Advisory LLC acquired a new position in AST SpaceMobile during the 2nd quarter worth approximately $28,000. Cornerstone Planning Group LLC lifted its position in AST SpaceMobile by 16,350.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock worth $27,000 after acquiring an additional 327 shares in the last quarter. Finally, Portus Wealth Advisors LLC purchased a new position in AST SpaceMobile in the 1st quarter worth approximately $30,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

About AST SpaceMobile

AST SpaceMobile, Inc develops a space-based cellular broadband network designed to connect standard mobile phones directly to satellites without requiring specialized satellite phones or equipment. The company’s objective is to extend mobile connectivity to areas that lack reliable terrestrial cellular coverage, including remote and underserved regions.

Its system is built around the planned SpaceMobile satellite constellation, including BlueBird satellites equipped with large communications arrays.