AST SpaceMobile (NASDAQ:ASTS) Shares Climb 3% – Still a Buy?

by · The Cerbat Gem

AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) shares shot up 3% during trading on Monday. The stock traded as high as $43.77 and last traded at $41.87. 13,464,645 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 16,795,977 shares. The stock had previously closed at $40.66.

AST SpaceMobile News Roundup

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

  • Positive Sentiment: Service rollout advances: AST SpaceMobile said it is targeting initial, intermittent space-based cellular broadband coverage in the United States, Canada, Japan, the United Kingdom and Saudi Arabia before year-end 2026. Progress toward actual service could strengthen the company’s commercial outlook. AST SpaceMobile Advances Service Readiness Ahead of Initial Space-Based Cellular Broadband Coverage in Key Global Markets
  • Positive Sentiment: European expansion opportunity: Deutsche Telekom, Orange, Telefónica and Vodafone signed a letter of intent to explore a joint European mobile-satellite-services spectrum bid. AST SpaceMobile already works with the carriers, potentially improving its access to a market representing more than 500 million mobile users, although no satellite partner has been selected. Could AST SpaceMobile Reach 500 Million Users Through Its Europe Spectrum Push?
  • Positive Sentiment: Analyst support: Roth MKM reportedly maintained a Buy view and argued that ASTS could more than double after its recent selloff. That optimism contrasts with Piper Sandler’s recent downgrade and reflects continued bullish expectations for the satellite network’s long-term potential. AST SpaceMobile Receives a Buy from Roth MKM
  • Neutral Sentiment: CFO contract renewed: AST SpaceMobile entered a new three-year agreement with CFO Andrew Johnson, including a $250,000 minimum annual salary, potential bonuses, equity awards and an exit package. The agreement provides management continuity but is not a major operating catalyst. AST SpaceMobile Renews Executive Contract with CFO Johnson
  • Negative Sentiment: Legal overhang intensifies: Several law firms publicized a securities class action covering investors who purchased ASTS shares from March 4, 2025, through July 15, 2026. The allegations include misleading statements about capital and liquidity, while the lead-plaintiff deadline is November 13, 2026. The claims remain allegations, but potential litigation costs, damages and reputational risk could pressure the shares. Kaplan Fox Investor Notice
  • Negative Sentiment: Regulatory challenge: Viasat urged the FCC to reject AST SpaceMobile’s request for additional mobile and V-band spectrum for its planned 248-satellite system, calling the bid flawed. Any delay or rejection could complicate ASTS’s network expansion and international spectrum strategy. Viasat Urges FCC to Reject AST SpaceMobile Spectrum Bid

Analyst Ratings Changes

A number of research analysts have recently weighed in on ASTS shares. Cantor Fitzgerald lifted their price objective on AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. William Blair reaffirmed a “market perform” rating on shares of AST SpaceMobile in a report on Monday, October 5th. Piper Sandler lowered AST SpaceMobile from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $98.00 to $54.00 in a research note on Tuesday, October 13th. B. Riley Financial cut AST SpaceMobile from a “buy” rating to a “neutral” rating and cut their target price for the stock from $85.00 to $65.00 in a research report on Friday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft raised AST SpaceMobile from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Monday, October 12th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $80.18.

Check Out Our Latest Research Report on ASTS

AST SpaceMobile Trading Down 1.8%

The stock has a market cap of $16.01 billion, a P/E ratio of -19.22 and a beta of 2.72. The stock’s 50-day moving average is $59.45 and its two-hundred day moving average is $73.60. The company has a debt-to-equity ratio of 1.24, a current ratio of 13.05 and a quick ratio of 12.90.

AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last announced its quarterly earnings results 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). AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. The company had revenue of $31.52 million during the quarter, compared to the consensus estimate of $34.53 million. During the same quarter in the prior year, the firm posted ($0.41) earnings per share. Equities research analysts anticipate that AST SpaceMobile, Inc. will post -1.92 EPS for the current year.

Insiders Place Their Bets

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

Hedge Funds Weigh In On AST SpaceMobile

A number of institutional investors and hedge funds have recently modified their holdings of ASTS. Capital Advisors Ltd. LLC grew its position in AST SpaceMobile by 6.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 2,638 shares of the company’s stock valued at $219,000 after acquiring an additional 164 shares during the last quarter. Hollencrest Capital Management lifted its position in shares of AST SpaceMobile by 11.7% during the first quarter. Hollencrest Capital Management now owns 1,592 shares of the company’s stock worth $132,000 after purchasing an additional 167 shares during the last quarter. Byrne Asset Management LLC boosted its stake in shares of AST SpaceMobile by 17.0% during the third quarter. Byrne Asset Management LLC now owns 1,170 shares of the company’s stock valued at $67,000 after purchasing an additional 170 shares during the period. TD Waterhouse Canada Inc. boosted its stake in shares of AST SpaceMobile by 15.5% during the second quarter. TD Waterhouse Canada Inc. now owns 1,404 shares of the company’s stock valued at $121,000 after purchasing an additional 188 shares during the period. Finally, HHM Wealth Advisors LLC grew its holdings in shares of AST SpaceMobile by 72.2% in the first quarter. HHM Wealth Advisors LLC now owns 465 shares of the company’s stock worth $39,000 after purchasing an additional 195 shares during the last quarter. Hedge funds and other institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Company Profile

(Get Free Report)

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.

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