AST SpaceMobile (NASDAQ:ASTS) Shares Gap Down – Here’s What Happened

Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) gapped down prior to trading on Friday. The stock had previously closed at $56.93, but opened at $54.46. AST SpaceMobile shares last traded at $52.3360, with a volume of 6,599,116 shares trading hands.

More AST SpaceMobile News

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

• Positive Sentiment: AST SpaceMobile and TELUS completed their first integration test linking TELUS’ terrestrial wireless network with AST SpaceMobile’s satellite network for direct-to-smartphone service in Canada. The milestone supports the company’s commercialization strategy and prompted one analysis to argue that ASTS could be significantly undervalued if the integration scales successfully. AST SpaceMobile Could Be 67% Undervalued on TELUS Integration Progress
• Positive Sentiment: AST SpaceMobile received attention for being included in a U.S.-Japan technology initiative, while some analysts continue to see substantial long-term upside based on satellite launches, carrier agreements and the company’s planned constellation. These remain expectations rather than near-term financial results. State Department Names AST SpaceMobile in U.S.-Japan Tech Deal
• Neutral Sentiment: Clear Street described the FCC’s October 29 agenda as mixed: carrier partnerships could benefit ASTS, but a narrower-than-feared auction risk remains. The firm maintained a Buy rating, although the regulatory uncertainty may continue to contribute to volatility. Clear Street Calls FCC Meeting Agenda Mixed for AST SpaceMobile
• Negative Sentiment: SpaceX secured Grain spectrum, including low-band frequencies AST SpaceMobile had been pursuing. The deal reduces ASTS’ access to a valuable spectrum option and reinforces SpaceX’s competitive advantage; analysts identified Viasat as a remaining potential holder of substantial global spectrum. AST SpaceMobile Falls as SpaceX Spectrum Deal Closes Off Low-Band Option
• Negative Sentiment: Several law firms announced or promoted a securities class action covering investors who purchased ASTS between March 4, 2025 and July 15, 2026, with a November 13, 2026 lead-plaintiff deadline. Allegations include inadequate disclosure of liquidity, user-adoption and dilution risks; the claims have not been proven, but the litigation adds reputational and financial uncertainty. Pomerantz Announces AST SpaceMobile Class Action
• Negative Sentiment: Investors remain concerned about AST SpaceMobile’s execution and funding needs. Commentary highlights launch-schedule dependence, elevated short interest and billions of dollars in projected cash burn before 2029, while the company’s latest reported quarter missed both earnings and revenue expectations. AST SpaceMobile Faces Projected Cash Burn Before 2029

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ASTS. Royal Bank Of Canada downgraded AST SpaceMobile to a “sector perform” rating in a research report on Friday, October 2nd. B. Riley Financial cut AST SpaceMobile from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $85.00 to $65.00 in a research report on Friday, October 2nd. Scotiabank raised shares of AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 target price for the company in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft set a $93.00 price target on shares of AST SpaceMobile in a research note on Wednesday, August 12th. Finally, UBS Group began coverage on shares of AST SpaceMobile in a report on Wednesday, September 2nd. They set a “buy” rating for the company. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $84.58.

AST SpaceMobile Trading Down 15.0%

The firm’s 50 day simple moving average is $63.07 and its 200-day simple moving average is $75.85. The company has a market capitalization of $18.83 billion, a PE ratio of -22.70 and a beta of 2.72. The company has a quick ratio of 12.90, a current ratio of 13.05 and a debt-to-equity ratio of 1.24.

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

Insider Buying and Selling at AST SpaceMobile

In other AST SpaceMobile news, COO Shanti Gupta sold 12,000 shares of AST SpaceMobile stock in a transaction that occurred 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 sale, the chief operating officer directly owned 462,980 shares in the company, valued at $27,264,892.20. The trade was a 2.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Adriana Cisneros purchased 10,822 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was bought at an average cost of $57.22 per share, for a total transaction of $619,234.84. Following the completion of the acquisition, the director directly owned 797,023 shares of the company’s stock, valued at $45,605,656.06. This represents a 1.38% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 20.89% of the stock is owned by insiders.

Hedge Funds Weigh In On AST SpaceMobile

Several large investors have recently modified their holdings of the stock. Compass Financial Management LLC bought a new stake in AST SpaceMobile in the second quarter valued at about $26,000. Grove Bank & Trust bought a new position in AST SpaceMobile during the 2nd quarter worth approximately $27,000. Continuum Advisory LLC acquired a new position in shares of AST SpaceMobile in the 2nd quarter worth approximately $28,000. Cornerstone Planning Group LLC grew its position in shares of AST SpaceMobile by 16,350.0% in 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 bought a new stake in shares of AST SpaceMobile in the 1st quarter valued at approximately $30,000. Institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Company Profile

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.