AST SpaceMobile (NASDAQ:ASTS) Shares Down 11.6% Following Weak Earnings

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s share price traded down 11.6% during trading on Tuesday following a weaker than expected earnings announcement. The stock traded as low as $69.92 and last traded at $72.96. 32,671,934 shares changed hands during mid-day trading, an increase of 104% from the average session volume of 16,039,741 shares. The stock had previously closed at $82.55.

The company reported ($0.66) earnings per share (EPS) 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 firm had revenue of $14.74 million during the quarter, compared to the consensus estimate of $39.01 million. During the same quarter last year, the firm posted ($0.20) EPS. The business’s revenue was up 1952.2% on a year-over-year basis.

AST SpaceMobile News Summary

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

• Positive Sentiment: The company reaffirmed its full-year 2026 revenue outlook of $150 million to $200 million and said it remains on track with satellite deployment, FCC approvals, and commercial/government partnerships, which supports the longer-term growth story. Why AST SpaceMobile (ASTS) Is Up 20.6% After Reaffirming 2026 Outlook Despite Wider Q1 Loss
• Positive Sentiment: Revenue surged year over year, showing the business is still scaling rapidly as gateway sales and U.S. government contracts contribute to growth. ASTS Reports Wider-Than-Expected Q1 Loss Despite Revenue Expansion
• Positive Sentiment: Management highlighted more than $1.2 billion in contracted revenue and progress on satellite launch milestones, which may help investors look past near-term volatility. Why AST SpaceMobile (ASTS) Is Up 20.6% After Reaffirming 2026 Outlook Despite Wider Q1 Loss

Analyst Upgrades and Downgrades

ASTS has been the subject of several research analyst reports. 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. Zacks Research upgraded shares of AST SpaceMobile from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 4th. Roth Mkm restated a “buy” rating and issued a $108.00 price objective on shares of AST SpaceMobile in a research report on Tuesday. New Street Research set a $115.00 price objective on shares of AST SpaceMobile in a research report on Monday, April 20th. Finally, Barclays boosted their price objective on shares of AST SpaceMobile from $60.00 to $65.00 and gave the stock an “underweight” rating in a research report on Thursday, April 9th. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, AST SpaceMobile presently has an average rating of “Reduce” and a consensus target price of $83.83.

Insiders Place Their Bets

In other AST SpaceMobile news, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction on Monday, March 23rd. The shares were 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 owned 4,750 shares of the company’s stock, valued at approximately $422,180. The trade was a 89.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Hiroshi Mikitani sold 1,350,000 shares of AST SpaceMobile stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $86.22, for a total transaction of $116,397,000.00. Following the sale, the insider directly owned 27,980,155 shares of the company’s stock, valued at $2,412,448,964.10. This represents a 4.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,080,000 shares of company stock valued at $274,452,000 in the last ninety days. Company insiders own 30.90% of the company’s stock.

Institutional Trading of AST SpaceMobile

A number of institutional investors have recently bought and sold shares of ASTS. Vodafone Ventures Ltd acquired a new stake in AST SpaceMobile during the 4th quarter worth $397,413,000. Norges Bank acquired a new stake in AST SpaceMobile during the 4th quarter worth $198,270,000. Vanguard Group Inc. grew its holdings in AST SpaceMobile by 13.4% during the 3rd quarter. Vanguard Group Inc. now owns 19,919,888 shares of the company’s stock worth $977,668,000 after acquiring an additional 2,351,539 shares during the period. Clear Street Group Inc. acquired a new stake in AST SpaceMobile during the 3rd quarter worth $90,129,000. Finally, Morgan Stanley grew its holdings in AST SpaceMobile by 44.0% during the 4th quarter. Morgan Stanley now owns 4,661,551 shares of the company’s stock worth $338,569,000 after acquiring an additional 1,425,199 shares during the period. Institutional investors and hedge funds own 60.95% of the company’s stock.

AST SpaceMobile Stock Down 11.6%

The business’s fifty day simple moving average is $85.64 and its 200 day simple moving average is $82.86. 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 stock has a market cap of $27.87 billion, a price-to-earnings ratio of -55.27 and a beta of 2.60.

About AST SpaceMobile

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.