AST SpaceMobile (NASDAQ:ASTS) Stock Price Up 2.6% – Still a Buy?

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s stock price was up 2.6% during mid-day trading on Friday. The company traded as high as $40.15 and last traded at $39.79. Approximately 12,894,610 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 16,729,523 shares. The stock had previously closed at $38.77.

More AST SpaceMobile News

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

• Positive Sentiment: Scotiabank upgraded AST SpaceMobile to “Sector Outperform,” providing a near-term catalyst and signaling improved confidence in the company’s outlook. Scotiabank upgrade article
• Positive Sentiment: AST SpaceMobile’s stated plan to activate satellite-based cellular coverage across the United States, Canada, Japan, the United Kingdom and Saudi Arabia before the end of 2026 reinforces the company’s growth narrative, although execution remains critical. AST SpaceMobile service-readiness article
• Neutral Sentiment: T-REX will delist and liquidate its 2X Long ASTS Daily Target ETF, ASUP. The process could create temporary trading or flow effects in ASTS, but it does not represent a change in AST SpaceMobile’s operations or fundamentals. T-REX ETF liquidation article
• Negative Sentiment: Several law firms publicized a securities-fraud class action covering investors who purchased ASTS securities from March 4, 2025, through July 15, 2026. The allegations reportedly involve statements about the company’s capital and liquidity position, including claims that it was fully funded before subsequent convertible-note offerings. The November 13, 2026 lead-plaintiff deadline increases visibility around the legal overhang, though the allegations have not been proven. AST SpaceMobile class-action notice
• Negative Sentiment: ASTS recently fell more sharply than the broader market as investors reduced exposure to high-flying technology and space stocks. The stock remains well below its recent highs, highlighting elevated volatility and continued risk-off pressure. Space-stock selloff article

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ASTS shares. William Blair reissued a “market perform” rating on shares of AST SpaceMobile in a report on Monday, October 5th. Piper Sandler lowered shares of AST SpaceMobile from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $98.00 to $54.00 in a report on Tuesday, October 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Monday, September 21st. UBS Group began coverage on shares of AST SpaceMobile in a research report on Wednesday, September 2nd. They set a “buy” rating on the stock. Finally, Royal Bank Of Canada lowered shares of AST SpaceMobile to a “sector perform” rating in a report on Friday, October 2nd. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $80.67.

AST SpaceMobile Price Performance

The business has a 50-day simple moving average of $58.13 and a 200 day simple moving average of $72.86. The stock has a market cap of $15.49 billion, a P/E ratio of -18.59 and a beta of 2.72. The company has a current ratio of 13.05, a quick ratio of 12.90 and a debt-to-equity ratio of 1.24.

AST SpaceMobile (NASDAQ:ASTS) last issued its quarterly earnings data on Monday, August 10th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.45). The company had revenue of $31.52 million for the quarter, compared to the consensus estimate of $34.53 million. AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. During the same quarter last year, the business earned ($0.41) earnings per share. On average, analysts forecast that AST SpaceMobile, Inc. will post -1.92 earnings per share for the current year.

Insiders Place Their Bets

In related news, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $58.93, for a total transaction of $2,357,200.00. Following the completion of the transaction, the chief technology officer owned 34,750 shares of the company’s stock, valued at $2,047,817.50. This trade represents a 53.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Shanti B. Gupta sold 12,000 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $58.89, for a total transaction of $706,680.00. Following the completion of the transaction, the chief operating officer owned 462,980 shares in the company, valued at approximately $27,264,892.20. The trade was a 2.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 20.89% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Ascent Wealth Partners LLC lifted its stake in shares of AST SpaceMobile by 17.5% in the 3rd quarter. Ascent Wealth Partners LLC now owns 8,774 shares of the company’s stock valued at $516,000 after purchasing an additional 1,307 shares during the period. Capital Investment Advisors LLC grew its stake in AST SpaceMobile by 12.5% during the third quarter. Capital Investment Advisors LLC now owns 22,853 shares of the company’s stock worth $1,345,000 after purchasing an additional 2,531 shares during the period. Wedbush Securities Inc. grew its stake in AST SpaceMobile by 4.1% during the third quarter. Wedbush Securities Inc. now owns 9,337 shares of the company’s stock worth $550,000 after purchasing an additional 370 shares during the period. Inspire Investing LLC increased its holdings in AST SpaceMobile by 33.1% in the third quarter. Inspire Investing LLC now owns 24,867 shares of the company’s stock worth $1,464,000 after purchasing an additional 6,190 shares in the last quarter. Finally, Brookstone Capital Management increased its holdings in AST SpaceMobile by 10.0% in the third quarter. Brookstone Capital Management now owns 5,604 shares of the company’s stock worth $330,000 after purchasing an additional 509 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

About AST SpaceMobile

AST SpaceMobile, Inc is a space-based communications company developing a global cellular broadband network designed to connect directly with standard, unmodified mobile phones. Its technology is intended to extend wireless coverage beyond traditional terrestrial networks, including in rural, remote and underserved areas.

The company is building and deploying a constellation of large low Earth orbit satellites, known as the BlueBird satellite system. AST SpaceMobile plans to provide voice, messaging, data and broadband services through partnerships with mobile network operators, allowing subscribers to remain connected outside the reach of conventional cellular towers.

Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.