AST SpaceMobile (NASDAQ:ASTS) Shares Up 10.3% – Still a Buy?

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares rose 10.3% on Tuesday . The company traded as high as $64.63 and last traded at $63.34. Approximately 18,262,186 shares traded hands during trading, a decline of 2% from the average session volume of 18,653,061 shares. The stock had previously closed at $57.42.

More AST SpaceMobile News

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

• Positive Sentiment: Clear Street said AST SpaceMobile’s recent 50% pullback looks like a buying opportunity, arguing the weakness was driven by launch-vehicle disruptions rather than lost contracts or weakening demand for direct-to-device satellite service. ASTS stock: Clear Street buy rating / 50% pullback ahead of Q2 earnings
• Positive Sentiment: AT&T said AST SpaceMobile’s satellite offering is expected to “come to fruition” next year, reinforcing the commercial potential of the network and suggesting future revenue opportunity. ASTS Stock Eyes Weekly Comeback: AT&T Says AST SpaceMobile Satellite Offering Will ‘Come To Fruition’ Next Year
• Positive Sentiment: AST SpaceMobile completed a $1.15 billion private offering of convertible senior notes due 2034, giving it additional capital to fund satellite launches and expansion. AST SpaceMobile Announces Completion of Private Offering of $1.15 Billion of Convertible Senior Notes Due 2034
• Positive Sentiment: The company also reported progress on satellite deployment, with BlueBirds 8, 9, and 10 fully deployed and more satellites already at Cape Canaveral, which supports the buildout story. ASTS Stock Rises Overnight: CEO Says BlueBirds 8, 9 And 10 Are Fully Deployed — With 3 More Satellites Already At Cape
• Neutral Sentiment: Several commentary pieces argued for or against ASTS based on valuation, with some bullish cases as high as $108 and bearish cases near $41, highlighting that investors remain split on the stock’s upside and execution risk. AST SpaceMobile ASTS stock: $108 bull case vs $41 bear case
• Negative Sentiment: Jim Cramer warned that AST SpaceMobile is “losing a fortune” and could fall to $40, reflecting ongoing skepticism about profitability and the company’s ability to justify its valuation. Jim Cramer Says Buy Lyft at $15, But Warns AST SpaceMobile Is “Losing a Fortune” and Could Fall to $40
• Negative Sentiment: Earlier reporting said ASTS underperformed the broader market after a 2.19% decline, underscoring that some of the recent move has been tied to broader volatility and investor concern around execution. Here’s Why AST SpaceMobile, Inc. (ASTS) Fell More Than Broader Market

Analysts Set New Price Targets

ASTS has been the subject of a number of recent analyst reports. B. Riley Financial upgraded shares of AST SpaceMobile from a “neutral” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Friday, July 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Wednesday, June 24th. William Blair restated a “market perform” rating on shares of AST SpaceMobile in a research note on Friday, May 29th. Barclays upped their target price on shares of AST SpaceMobile from $60.00 to $65.00 and gave the company an “underweight” rating in a report on Thursday, April 9th. Finally, Piper Sandler began coverage on shares of AST SpaceMobile in a research note on Wednesday, July 15th. They issued an “overweight” rating and a $100.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $86.95.

AST SpaceMobile Stock Performance

The stock has a market capitalization of $24.04 billion, a price-to-earnings ratio of -34.80 and a beta of 2.69. The company’s fifty day simple moving average is $85.81 and its 200 day simple moving average is $88.98. The company has a quick ratio of 18.37, a current ratio of 18.47 and a debt-to-equity ratio of 1.11.

AST SpaceMobile (NASDAQ:ASTS) last posted its earnings results on Monday, May 11th. The company reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.43). The company had revenue of $14.73 million for the quarter, compared to analyst estimates of $39.01 million. AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The business’s quarterly revenue was up 1952.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.20) EPS. On average, equities research analysts expect that AST SpaceMobile, Inc. will post -1.38 earnings per share for the current year.

Insider Activity at AST SpaceMobile

In other AST SpaceMobile news, Director Julio A. Torres sold 15,000 shares of the firm’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 transaction of $1,145,100.00. Following the completion of the sale, the director directly owned 43,239 shares in the company, valued at $3,300,865.26. This trade represents a 25.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Andrew Martin Johnson sold 45,809 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $93.81, for a total value of $4,297,342.29. Following the sale, the chief financial officer owned 503,619 shares of the company’s stock, valued at approximately $47,244,498.39. This represents a 8.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 105,809 shares of company stock worth $9,748,492. Insiders own 20.89% of the company’s stock.

Institutional Trading of AST SpaceMobile

Several hedge funds have recently added to or reduced their stakes in the company. Vodafone Ventures Ltd acquired a new stake in shares of AST SpaceMobile during the fourth quarter worth $397,413,000. Norges Bank acquired a new position in shares of AST SpaceMobile in the fourth quarter valued at about $198,270,000. Vanguard Group Inc. increased its position in AST SpaceMobile by 7.9% during the fourth quarter. Vanguard Group Inc. now owns 21,488,180 shares of the company’s stock worth $1,560,687,000 after acquiring an additional 1,568,292 shares during the period. Morgan Stanley raised its stake in AST SpaceMobile by 44.0% in the 4th quarter. Morgan Stanley now owns 4,661,551 shares of the company’s stock worth $338,569,000 after purchasing an additional 1,425,199 shares in the last quarter. Finally, Focus Partners Wealth raised its stake in AST SpaceMobile by 8,016.7% in the 4th quarter. Focus Partners Wealth now owns 1,269,609 shares of the company’s stock worth $92,000,000 after purchasing an additional 1,253,967 shares in the last quarter. 60.95% of the stock is owned by institutional investors and hedge funds.

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.