AST SpaceMobile (NASDAQ:ASTS) Trading Down 12.8% – Should You Sell?

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s stock price dropped 12.8% on Friday . The stock traded as low as $90.91 and last traded at $93.60. Approximately 23,720,527 shares changed hands during trading, an increase of 34% from the average daily volume of 17,741,393 shares. The stock had previously closed at $107.29.

AST SpaceMobile News Roundup

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

• Positive Sentiment: Jeff Bezos said Blue Origin expects to resume launches later this year, which is supportive for AST SpaceMobile because successful Blue Origin recovery could help restore confidence in the broader space-launch ecosystem and keep investor interest elevated in space-related names. Jeff Bezos Sees Blue Origin Launching Again This Year. That’s Good News for These Stocks.
• Positive Sentiment: AST SpaceMobile was also mentioned as one of the stocks that could benefit from Blue Origin’s launch-return path, reinforcing the bullish “space trade” narrative around the stock. Jeff Bezos Sees Blue Origin Launching Again This Year. That’s Good News for These Stocks.
• Positive Sentiment: Analysts and market commentary pointed to ASTS’s continued BlueBird launch progress and reaffirmed 2026 guidance as a potential catalyst, suggesting the company still has a near-term operational path that could support the share price. AST SpaceMobile (ASTS) Valuation Check After Reaffirmed 2026 Guidance And BlueBird Launch Progress
• Neutral Sentiment: Several articles highlighted that the space sector has been volatile, with ASTS moving alongside peers like Rocket Lab and Virgin Galactic as investors trade the broader theme rather than ASTS fundamentals alone. Virgin Galactic Surges 14%, Rocket Lab Gains 6% as SpaceX IPO Roadshow Fuels the Space Trade
• Negative Sentiment: Some coverage warned that AST SpaceMobile still faces competitive pressure, macro risks, and falling estimates, which may be limiting enthusiasm despite the recent rally in space stocks. ASTS Plagued by Competitive Pressure, Macro Risks: Time to Rethink?

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on ASTS shares. UBS Group reduced their price target on shares of AST SpaceMobile from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Roth Mkm reaffirmed a “buy” rating and set a $108.00 price objective on shares of AST SpaceMobile in a research report on Tuesday, May 12th. Barclays upped their price objective on shares of AST SpaceMobile from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Thursday, April 9th. William Blair reiterated a “market perform” rating on shares of AST SpaceMobile in a research report on Friday, May 29th. Finally, New Street Research set a $106.00 target price on shares of AST SpaceMobile in a research note on Friday, May 29th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $81.33.

AST SpaceMobile Stock Performance

The firm has a 50-day simple moving average of $89.65 and a two-hundred day simple moving average of $86.66. The company has a current ratio of 18.47, a quick ratio of 18.37 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $36.33 billion, a price-to-earnings ratio of -52.58 and a beta of 2.70.

AST SpaceMobile (NASDAQ:ASTS) last announced its quarterly earnings results on Monday, May 11th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.43). The firm had revenue of $14.74 million for the quarter, compared to analyst estimates of $39.01 million. AST SpaceMobile had a negative net margin of 573.67% and a negative return on equity of 24.87%. The firm’s quarterly revenue was up 1952.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.20) earnings per share. As a group, sell-side analysts forecast that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current fiscal year.

Insider Buying and Selling at AST SpaceMobile

In other AST SpaceMobile news, Director Julio A. Torres sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $76.34, for a total value of $1,145,100.00. Following the completion of the sale, the director directly owned 43,239 shares of the company’s stock, valued at $3,300,865.26. The trade was a 25.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Huiwen Yao sold 40,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief technology officer directly owned 4,750 shares of the company’s stock, valued at $422,180. This represents a 89.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,100,000 shares of company stock valued at $276,048,350 over the last three months. 20.89% of the stock is owned by insiders.

Institutional Investors Weigh In On AST SpaceMobile

A number of large investors have recently bought and sold shares of the business. AQR Capital Management LLC raised its holdings in AST SpaceMobile by 11.8% during the first quarter. AQR Capital Management LLC now owns 34,548 shares of the company’s stock valued at $786,000 after buying an additional 3,642 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of AST SpaceMobile by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 79,764 shares of the company’s stock worth $1,814,000 after acquiring an additional 3,515 shares in the last quarter. Millennium Management LLC increased its holdings in shares of AST SpaceMobile by 16.1% during the 1st quarter. Millennium Management LLC now owns 467,626 shares of the company’s stock valued at $10,634,000 after acquiring an additional 64,989 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of AST SpaceMobile by 18.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 325,621 shares of the company’s stock valued at $7,405,000 after acquiring an additional 49,811 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of AST SpaceMobile in the 1st quarter valued at approximately $168,000. 60.95% of the stock is currently owned by institutional investors.

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.