AST SpaceMobile (NASDAQ:ASTS) Trading Down 8% – Here’s Why

Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS) were down 8% on Tuesday . The stock traded as low as $74.10 and last traded at $74.21. Approximately 12,937,974 shares were traded during mid-day trading, a decline of 31% from the average daily volume of 18,673,717 shares. The stock had previously closed at $80.64.

More AST SpaceMobile News

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

• Positive Sentiment: AST SpaceMobile highlighted progress on its launch pipeline, with BlueBird 11 heading to Cape Canaveral and BlueBirds 12 and 13 expected to follow soon, reinforcing execution on its satellite deployment plan. ASTS Stock Slips Overnight Despite BlueBird 11 Heading To Cape Canaveral For Next Month’s Launch
• Positive Sentiment: A Vodafone Ireland trial showed AST SpaceMobile’s direct-to-device technology can support emergency services during storms and outages, supporting the commercial case for its network. ASTS Stock Rises Overnight: Vodafone Ireland Trial Shows AST Tech Can Support Emergency Services During Outages
• Neutral Sentiment: Several articles noted that AST SpaceMobile remains a high-interest speculative space stock, with some analysts and commentators pointing to short-squeeze potential and long-term upside if launch milestones are met. 2 Short Squeezes for Summer Speculation: What the Bears Are Getting Wrong (ASTS)
• Neutral Sentiment: Coverage also emphasized that AST SpaceMobile is up sharply over the past year, but still faces macro headwinds, competition from Starlink, and falling estimates ahead of the next BlueBird launch this month. AST SpaceMobile Surges 77% in the Past Year: Reason to Buy the Stock?
• Negative Sentiment: AST SpaceMobile was mentioned in broader space-stock selloffs, with shares falling alongside Rocket Lab, Intuitive Machines, and others as investors gave back last week’s gains. SpaceX Falls 6% Despite Wave of Bullish Analyst Initiations, Rocket Lab Dives 10%, AST SpaceMobile Drops 6%, Virgin Galactic Falls 5%
• Negative Sentiment: Trading updates showed ASTS sliding as the broader market rose, suggesting near-term profit-taking and weakness in sentiment despite upcoming launch catalysts. AST SpaceMobile, Inc. (ASTS) Stock Slides as Market Rises: Facts to Know Before You Trade

Analyst Ratings Changes

A number of equities research analysts have recently commented on ASTS shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a report on Wednesday, June 24th. B. Riley Financial increased their target price on AST SpaceMobile from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. New Street Research set a $106.00 price target on AST SpaceMobile in a report on Friday, May 29th. William Blair reiterated a “market perform” rating on shares of AST SpaceMobile in a report on Friday, May 29th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of AST SpaceMobile from a “buy” rating to a “hold” rating and lowered their target price for the company from $117.00 to $106.00 in a report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $85.09.

AST SpaceMobile Trading Down 8.0%

The company has a market capitalization of $28.80 billion, a PE ratio of -41.69 and a beta of 2.69. 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 business’s 50-day simple moving average is $87.41 and its two-hundred day simple moving average is $89.68.

AST SpaceMobile (NASDAQ:ASTS) last released its quarterly earnings results on Monday, May 11th. The company reported ($0.66) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.43). AST SpaceMobile had a negative return on equity of 24.87% and a negative net margin of 573.67%.The business had revenue of $14.73 million during the quarter, compared to analyst estimates of $39.01 million. During the same quarter last year, the firm posted ($0.20) EPS. The company’s revenue was up 1952.2% compared to the same quarter last year. On average, analysts predict that AST SpaceMobile, Inc. will post -1.47 earnings per share for the current year.

Insider Activity at AST SpaceMobile

In other news, CTO Huiwen Yao sold 40,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $3,348,857.50. This represents a 53.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Julio A. Torres sold 15,000 shares of the stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $76.34, for a total transaction of $1,145,100.00. Following the transaction, the director directly owned 43,239 shares in the company, valued at $3,300,865.26. The trade was a 25.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 3,145,809 shares of company stock valued at $280,645,292. Insiders own 20.89% of the company’s stock.

Institutional Trading of AST SpaceMobile

Several institutional investors and hedge funds have recently bought and sold shares of the company. Calton & Associates Inc. grew its stake in shares of AST SpaceMobile by 0.8% in the fourth quarter. Calton & Associates Inc. now owns 13,579 shares of the company’s stock worth $986,000 after purchasing an additional 104 shares in the last quarter. Investmark Advisory Group LLC raised its stake in shares of AST SpaceMobile by 2.7% during the fourth quarter. Investmark Advisory Group LLC now owns 4,645 shares of the company’s stock valued at $337,000 after purchasing an additional 120 shares in the last quarter. ORG Partners LLC lifted its holdings in AST SpaceMobile by 4.2% in the fourth quarter. ORG Partners LLC now owns 3,283 shares of the company’s stock worth $238,000 after purchasing an additional 133 shares during the period. Atlantic Union Bankshares Corp increased its stake in AST SpaceMobile by 18.2% during the 4th quarter. Atlantic Union Bankshares Corp now owns 923 shares of the company’s stock valued at $67,000 after buying an additional 142 shares during the period. Finally, Larson Financial Group LLC raised its position in shares of AST SpaceMobile by 39.0% during the 4th quarter. Larson Financial Group LLC now owns 513 shares of the company’s stock worth $37,000 after buying an additional 144 shares in the last quarter. Institutional investors and hedge funds 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.