AST SpaceMobile (NASDAQ:ASTS) Trading 5.8% Higher – Still a Buy?

AST SpaceMobile, Inc. (NASDAQ:ASTS) was up 5.8% during trading on Thursday . The company traded as high as $63.70 and last traded at $62.71. 9,132,580 shares were traded during mid-day trading, a decline of 46% from the average session volume of 16,806,615 shares. The stock had previously closed at $59.27.

More AST SpaceMobile News

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

• Positive Sentiment: AST SpaceMobile’s patent strategy is receiving attention as it competes with Starlink in direct-to-device connectivity. ASTS uses large satellite antenna arrays to connect with standard, unmodified smartphones, a distinction that could support its competitive positioning. AST SpaceMobile expands patent shield
• Positive Sentiment: Retail investors appear to be defending ASTS’s long-term growth outlook despite near-term execution concerns, helping support sentiment around the stock. ASTS retail sentiment and BlueBird updates
• Neutral Sentiment: Analysts have a consensus “Hold” recommendation, indicating limited conviction while investors assess ASTS’s launch schedule, commercialization prospects and substantial operating losses. AST SpaceMobile analyst consensus
• Negative Sentiment: Multiple law firms announced or promoted securities class actions concerning AST SpaceMobile and certain officers. The lawsuits generally cover investors who purchased shares from March 4, 2025, through July 15, 2026, with a November 13, 2026 deadline for seeking lead-plaintiff status. The allegations include misleading statements about ASTS’s competitive position, user adoption in the United States and Japan, and the company’s capital position. AST SpaceMobile class action announcement
• Negative Sentiment: Investors remain focused on the lack of a formally announced shipment, Cape Canaveral arrival or launch date for BlueBird satellites 14–16. Continued uncertainty could delay network expansion and revenue growth. Reports also noted that senior executives filed to sell shares, adding to investor caution. BlueBird delays and executive share sales

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ASTS shares. Berenberg Bank started coverage on shares of AST SpaceMobile in a report on Wednesday, September 2nd. They set a “buy” rating and a $92.00 price objective for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a report on Wednesday, June 24th. New Street Research set a $106.00 target price on shares of AST SpaceMobile in a research report on Friday, May 29th. Cantor Fitzgerald lifted their price target on shares of AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th. Finally, William Blair reiterated a “market perform” rating on shares of AST SpaceMobile in a research note on Friday, May 29th. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $86.58.

AST SpaceMobile Stock Up 5.8%

The firm has a market capitalization of $24.40 billion, a PE ratio of -29.30 and a beta of 2.74. The company has a fifty day moving average price of $63.55 and a 200-day moving average price of $79.24. The company has a debt-to-equity ratio of 1.24, a quick ratio of 12.90 and a current ratio of 13.05.

AST SpaceMobile (NASDAQ:ASTS) last posted its earnings results on Monday, August 10th. The company reported ($0.77) earnings per share 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 analysts’ expectations of $34.53 million. During the same period last year, the business posted ($0.41) earnings per share. As a group, analysts expect that AST SpaceMobile, Inc. will post -1.95 earnings per share for the current year.

Insider Activity at AST SpaceMobile

In other AST SpaceMobile news, Director Adriana Cisneros acquired 10,822 shares of the company’s stock in a transaction on Monday, August 31st. The stock was acquired at an average cost of $57.22 per share, with a total value of $619,234.84. Following the purchase, the director directly owned 797,023 shares of the company’s stock, valued at approximately $45,605,656.06. This represents a 1.38% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 20.89% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Compass Financial Management LLC purchased a new stake in AST SpaceMobile during the second quarter valued at approximately $26,000. Cornerstone Planning Group LLC increased its position in shares of 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. Grove Bank & Trust bought a new position in shares of AST SpaceMobile during the 2nd quarter valued at approximately $27,000. Continuum Advisory LLC purchased a new stake in AST SpaceMobile during the 2nd quarter valued at $28,000. Finally, Portus Wealth Advisors LLC purchased a new stake in AST SpaceMobile during the 1st quarter valued at $30,000. Hedge funds and other institutional investors 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, unmodified mobile phones directly to satellites. Its planned service is intended to extend mobile connectivity beyond the coverage of traditional terrestrial wireless networks, including in rural, remote and underserved areas.

The company’s primary technology platform consists of large, low-Earth-orbit satellites known as BlueBirds. AST SpaceMobile is developing these satellites to provide voice, messaging and broadband data services through partnerships with mobile network operators, using existing cellular devices and spectrum where permitted.

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