AST SpaceMobile (NASDAQ:ASTS) Shares Up 2.6% – Still a Buy?

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s share price rose 2.6% during trading on Friday. The stock traded as high as $40.15 and last traded at $39.79. Approximately 12,894,610 shares changed hands during trading, a decline of 23% from the average daily volume of 16,729,523 shares. The stock had previously closed at $38.77.

AST SpaceMobile News Roundup

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

• Positive Sentiment: Scotiabank upgraded AST SpaceMobile to “Sector Outperform,” providing a near-term catalyst and signaling improved confidence in the company’s outlook. Scotiabank upgrade article
• Positive Sentiment: AST SpaceMobile’s stated plan to activate satellite-based cellular coverage across the United States, Canada, Japan, the United Kingdom and Saudi Arabia before the end of 2026 reinforces the company’s growth narrative, although execution remains critical. AST SpaceMobile service-readiness article
• Neutral Sentiment: T-REX will delist and liquidate its 2X Long ASTS Daily Target ETF, ASUP. The process could create temporary trading or flow effects in ASTS, but it does not represent a change in AST SpaceMobile’s operations or fundamentals. T-REX ETF liquidation article
• Negative Sentiment: Several law firms publicized a securities-fraud class action covering investors who purchased ASTS securities from March 4, 2025, through July 15, 2026. The allegations reportedly involve statements about the company’s capital and liquidity position, including claims that it was fully funded before subsequent convertible-note offerings. The November 13, 2026 lead-plaintiff deadline increases visibility around the legal overhang, though the allegations have not been proven. AST SpaceMobile class-action notice
• Negative Sentiment: ASTS recently fell more sharply than the broader market as investors reduced exposure to high-flying technology and space stocks. The stock remains well below its recent highs, highlighting elevated volatility and continued risk-off pressure. Space-stock selloff article

Wall Street Analyst Weigh In

Several brokerages have issued reports on ASTS. Royal Bank Of Canada downgraded AST SpaceMobile to a “sector perform” rating in a report on Friday, October 2nd. Piper Sandler cut AST SpaceMobile from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $98.00 to $54.00 in a research note on Tuesday, October 13th. UBS Group began coverage on shares of AST SpaceMobile in a report on Wednesday, September 2nd. They set a “buy” rating on the stock. William Blair reaffirmed a “market perform” rating on shares of AST SpaceMobile in a research note on Monday, October 5th. Finally, Scotiabank raised shares of AST SpaceMobile from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $50.80 to $55.70 in a research report on Friday. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $80.67.

AST SpaceMobile Stock Performance

The company has a market capitalization of $15.49 billion, a price-to-earnings ratio of -18.59 and a beta of 2.72. The stock’s 50 day moving average price is $58.13 and its 200 day moving average price is $72.86. The company has a current ratio of 13.05, a quick ratio of 12.90 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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.45). AST SpaceMobile had a negative net margin of 536.66% and a negative return on equity of 22.88%. The business had revenue of $31.52 million during the quarter, compared to the consensus estimate of $34.53 million. During the same period in the previous year, the firm posted ($0.41) EPS. Analysts expect that AST SpaceMobile, Inc. will post -1.92 earnings per share for the current year.

Insiders Place Their Bets

In related news, CTO Huiwen Yao sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $58.93, for a total value of $2,357,200.00. Following the completion of the sale, the chief technology officer directly owned 34,750 shares in the company, valued at approximately $2,047,817.50. The trade was a 53.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Adriana Cisneros purchased 10,822 shares of AST SpaceMobile stock in a transaction that occurred on Monday, August 31st. The shares were bought at an average cost of $57.22 per share, for a total transaction of $619,234.84. Following the transaction, 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. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 20.89% of the company’s stock.

Institutional Trading of AST SpaceMobile

Large investors have recently modified their holdings of the stock. Compass Financial Management LLC acquired a new position in AST SpaceMobile in the second quarter valued at about $26,000. Cornerstone Planning Group LLC lifted its position in AST SpaceMobile by 16,350.0% during the first quarter. Cornerstone Planning Group LLC now owns 329 shares of the company’s stock worth $27,000 after purchasing an additional 327 shares during the period. Grove Bank & Trust acquired a new stake in AST SpaceMobile during the second quarter worth about $27,000. Continuum Advisory LLC acquired a new stake in AST SpaceMobile during the second quarter worth about $28,000. Finally, Portus Wealth Advisors LLC bought a new position in AST SpaceMobile in the 1st quarter valued at about $30,000. 60.95% of the stock is owned by institutional investors and hedge funds.

About AST SpaceMobile

AST SpaceMobile, Inc is a space-based communications company developing a global cellular broadband network designed to connect directly with standard, unmodified mobile phones. Its technology is intended to extend wireless coverage beyond traditional terrestrial networks, including in rural, remote and underserved areas.

The company is building and deploying a constellation of large low Earth orbit satellites, known as the BlueBird satellite system. AST SpaceMobile plans to provide voice, messaging, data and broadband services through partnerships with mobile network operators, allowing subscribers to remain connected outside the reach of conventional cellular towers.

Founded in 2017 and headquartered in Midland, Texas, AST SpaceMobile was established by Abel Avellan, who serves as its chairman and chief executive officer.