AST SpaceMobile (NASDAQ:ASTS) Shares Gap Down Following Weak Earnings

Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) gapped down before the market opened on Tuesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $82.55, but opened at $73.43. AST SpaceMobile shares last traded at $73.3970, with a volume of 8,512,637 shares trading hands.

The company reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.43). AST SpaceMobile had a negative net margin of 482.16% and a negative return on equity of 23.02%. The company had revenue of $14.74 million during the quarter, compared to analyst estimates of $39.01 million. During the same period in the prior year, the business earned ($0.20) EPS. The business’s revenue for the quarter was up 1952.2% on a year-over-year basis.

Key AST SpaceMobile News

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

• Positive Sentiment: Management emphasized continued progress on manufacturing, regulatory matters, partnerships, and government programs, supporting the long-term growth story. AST SpaceMobile Provides Business Update and First Quarter 2026 Results
• Positive Sentiment: Investors were optimistic about recent speed breakthroughs and the company’s potential to improve service performance. AST SpaceMobile’s stock is on the rise as investors gear up for earnings from the SpaceX rival
• Positive Sentiment: The company received FCC approval to deploy and operate a 248-satellite constellation, which supports its commercial rollout plans. AST SpaceMobile Weighs FCC Win Against BlueBird 7 Setback And Valuation
• Neutral Sentiment: Multiple earnings call transcripts and presentation materials were released, but they mainly reinforce the same mix of progress and execution risk. AST SpaceMobile, Inc. (ASTS) Q1 2026 Earnings Call Transcript
• Negative Sentiment: Q1 results missed both EPS and revenue estimates, reinforcing concerns that the business is still in an investment-heavy, pre-scale phase. AST SpaceMobile, Inc. (ASTS) Reports Q1 Loss, Misses Revenue Estimates
• Negative Sentiment: A satellite loss and rollout delay continue to add execution risk to the investment case. AST SpaceMobile Weighs FCC Win Against BlueBird 7 Setback And Valuation

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ASTS. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Friday, March 27th. B. Riley Financial lowered their price objective on AST SpaceMobile from $105.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. Zacks Research upgraded shares of AST SpaceMobile from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. UBS Group raised their target price on shares of AST SpaceMobile from $43.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Finally, Wall Street Zen cut shares of AST SpaceMobile from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $82.51.

Insider Buying and Selling

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $88.88, for a total transaction of $3,555,200.00. Following the completion of the transaction, the chief technology officer owned 4,750 shares in the company, valued at approximately $422,180. This represents a 89.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Hiroshi Mikitani sold 1,350,000 shares of the stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $86.22, for a total value of $116,397,000.00. Following the transaction, the insider owned 27,980,155 shares of the company’s stock, valued at approximately $2,412,448,964.10. The trade was a 4.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 3,080,000 shares of company stock valued at $274,452,000. 30.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. boosted its holdings in shares of AST SpaceMobile by 48.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 532,960 shares of the company’s stock worth $26,158,000 after buying an additional 172,759 shares during the period. Mutual Advisors LLC acquired a new position in AST SpaceMobile during the third quarter valued at approximately $1,882,000. KPP Advisory Services LLC bought a new stake in shares of AST SpaceMobile during the 4th quarter worth $1,649,000. M&T Bank Corp lifted its holdings in shares of AST SpaceMobile by 1,062.9% in the fourth quarter. M&T Bank Corp now owns 77,994 shares of the company’s stock worth $5,665,000 after acquiring an additional 71,287 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in shares of AST SpaceMobile by 28.0% in the third quarter. Jones Financial Companies Lllp now owns 31,580 shares of the company’s stock worth $1,550,000 after acquiring an additional 6,901 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.

AST SpaceMobile Trading Down 11.9%

The company has a market capitalization of $27.78 billion, a price-to-earnings ratio of -55.63 and a beta of 2.60. The company has a current ratio of 16.35, a quick ratio of 16.27 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average price is $85.64 and its two-hundred day moving average price is $82.86.

AST SpaceMobile Company Profile

AST SpaceMobile is a U.S.-based aerospace company developing a space-based cellular broadband network designed to connect standard mobile phones and other devices directly to satellites. The company’s core proposition is “space-to-cell” service: operating a constellation of low-Earth-orbit (LEO) satellites equipped with large, high-power phased-array antennas to provide wide-area mobile broadband without requiring users to buy specialized terminals or handset modifications.

AST SpaceMobile designs, builds and operates satellite payloads and supporting ground infrastructure.