AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) shares fell 3.5% during trading on Thursday . The stock traded as low as $63.72 and last traded at $65.62. 22,154,095 shares traded hands during trading, an increase of 19% from the average daily volume of 18,625,115 shares. The stock had previously closed at $68.01.
AST SpaceMobile News Summary
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: Space stocks are catching a bid, and ASTS is rising with the group as investors speculate that capital may be rotating toward non-SpaceX space names. Virgin Galactic Rises 13%, AST SpaceMobile Jumps 9%, Rocket Lab Climbs 5%: Is This a Re-Rotation Out of SpaceX?
- Positive Sentiment: Investors are encouraged by faster satellite launch execution, which could help ASTS advance its network rollout and improve confidence in its commercial timeline. Why Did AST SpaceMobile Stock Pop Today?
- Positive Sentiment: Vodafone-backed Europe rollout plans and Spain-related commercialization comments point to possible international revenue opportunities beginning in 2027. ASTS Stock Rises After-Hours: Vodafone-Backed Europe Rollout Hits Spain, 2027 Launch In View
- Neutral Sentiment: Some commentary remains mixed, noting that ASTS has already fallen sharply from its highs and continues to face concerns about insider selling, analyst downgrades, and capital needs. AST SpaceMobile Just Nailed a Major Launch—So Why Is the Stock Crashing?
- Negative Sentiment: Bearish valuation arguments are also weighing on sentiment, with some analysts saying the stock already prices in aggressive execution and a dominant market position despite ongoing cash burn. SpaceX valuation loses altitude as AI risks mount
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. B. Riley Financial lifted their target price on AST SpaceMobile from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Wall Street Zen cut AST SpaceMobile from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 15th. William Blair reaffirmed a “market perform” rating on shares of AST SpaceMobile in a research note on Friday, May 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of AST SpaceMobile in a report on Wednesday. Finally, New Street Research set a $106.00 target price on AST SpaceMobile in a research report on Friday, May 29th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $85.09.
AST SpaceMobile Trading Up 9.1%
The stock has a market cap of $27.78 billion, a P/E ratio of -40.21 and a beta of 2.70. The company has a debt-to-equity ratio of 1.11, a quick ratio of 18.37 and a current ratio of 18.47. The stock’s fifty day moving average is $87.18 and its 200 day moving average is $89.13.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.43). The company had revenue of $14.73 million for the quarter, compared to the consensus estimate of $39.01 million. AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The company’s revenue was up 1952.2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.20) earnings per share. As a group, equities research analysts predict that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, CTO Huiwen Yao sold 40,000 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $96.37, for a total value of $3,854,800.00. Following the sale, the chief technology officer owned 34,750 shares of the company’s stock, valued at approximately $3,348,857.50. This represents a 53.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrew Martin Johnson sold 45,809 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $93.81, for a total transaction of $4,297,342.29. Following the completion of the sale, the chief financial officer owned 503,619 shares of the company’s stock, valued at $47,244,498.39. This trade represents a 8.34% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 3,145,809 shares of company stock worth $280,645,292. 20.89% of the stock is owned by company insiders.
Institutional Trading of AST SpaceMobile
Institutional investors have recently added to or reduced their stakes in the company. Focus Partners Wealth lifted its position in shares of AST SpaceMobile by 8,016.7% during the fourth 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 during the last quarter. KPP Advisory Services LLC bought a new position in shares of AST SpaceMobile in the fourth quarter worth about $1,649,000. M&T Bank Corp grew 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 purchasing an additional 71,287 shares during the last quarter. Arrowpoint Investment Partners Singapore Pte. Ltd. purchased a new position in AST SpaceMobile in the 4th quarter worth about $2,290,000. Finally, Legal & General Group Plc increased its stake in AST SpaceMobile by 26.2% in the 4th quarter. Legal & General Group Plc now owns 232,436 shares of the company’s stock worth $16,882,000 after buying an additional 48,318 shares during the period. Institutional investors own 60.95% of the company’s stock.
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.
Further Reading
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- AST SpaceMobile Just Nailed a Major Launch—So Why Is the Stock Crashing?
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