AST SpaceMobile (NASDAQ:ASTS) Reaches New 1-Year Low – Here’s Why

AST SpaceMobile, Inc. (NASDAQ:ASTS) reached a new 52-week low during trading on Thursday. The stock traded as low as $38.91 and last traded at $39.6220, with a volume of 589,639 shares trading hands. The stock had previously closed at $40.90.

AST SpaceMobile News Roundup

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

• Positive Sentiment: AST SpaceMobile is targeting initial, intermittent cellular broadband coverage in the United States, Canada, Japan, the United Kingdom and Saudi Arabia before the end of 2026. The rollout provides a potential near-term commercial catalyst if the company meets its schedule. AST SpaceMobile Targets Initial Satellite Broadband Coverage in Five Countries by End of 2026
• Positive Sentiment: Roth MKM reiterated a Buy view and argued that ASTS could more than double after its recent selloff. The bullish case rests on upcoming satellite launches and progress toward revenue-generating service. AST SpaceMobile Receives a Buy from Roth MKM
• Neutral Sentiment: AST SpaceMobile renewed CFO Andrew Johnson’s contract for three years, with a minimum $250,000 annual salary plus potential bonuses and equity awards. The agreement supports management continuity but adds compensation commitments. AST SpaceMobile Renews Executive Contract With CFO Johnson
• Negative Sentiment: Multiple law firms publicized a securities-fraud class action and reminded investors of a November 13, 2026 lead-plaintiff deadline. The allegations reportedly involve claims that AST SpaceMobile overstated the strength of its capital position and competitive advantage. The notices do not establish wrongdoing, but they increase headline and legal risk. AST SpaceMobile Shareholder Alert
• Negative Sentiment: UBS cut its price target to $43 from $62, while Scotiabank moved to Sell with a $45.60 target. Investors are also concerned about Starlink competition, slow user adoption and the possibility that future launches could require additional financing and dilution. Levi & Korsinsky AST SpaceMobile Investor Notice

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Scotiabank raised shares of AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $50.80 target price for the company in a report on Wednesday, July 29th. William Blair reissued a “market perform” rating on shares of AST SpaceMobile in a research report on Monday, October 5th. B. Riley Financial downgraded AST SpaceMobile from a “buy” rating to a “neutral” rating and cut their price objective for the company from $85.00 to $65.00 in a research report on Friday, October 2nd. Cantor Fitzgerald lifted their target price on AST SpaceMobile from $80.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Finally, Berenberg Bank initiated coverage on AST SpaceMobile in a research report on Wednesday, September 2nd. They set a “buy” rating and a $92.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $80.18.

AST SpaceMobile Stock Performance

The company has a debt-to-equity ratio of 1.24, a quick ratio of 12.90 and a current ratio of 13.05. The firm’s 50 day moving average is $58.78 and its 200-day moving average is $73.24. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of -18.62 and a beta of 2.72.

AST SpaceMobile (NASDAQ:ASTS) last issued its quarterly earnings results on Monday, August 10th. The company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.32) by ($0.45). AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. The company had revenue of $31.52 million during the quarter, compared to analysts’ expectations of $34.53 million. During the same period in the previous year, the firm posted ($0.41) EPS. Analysts forecast that AST SpaceMobile, Inc. will post -1.92 earnings per share for the current fiscal year.

Insider Transactions at AST SpaceMobile

In other AST SpaceMobile news, COO Shanti B. Gupta sold 12,000 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $58.89, for a total transaction of $706,680.00. Following the completion of the sale, the chief operating officer owned 462,980 shares of the company’s stock, valued at $27,264,892.20. This trade represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Huiwen Yao sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $58.93, for a total transaction 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 $2,047,817.50. This trade represents a 53.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 20.89% of the company’s stock.

Hedge Funds Weigh In On AST SpaceMobile

Institutional investors have recently modified their holdings of the business. Tidal Investments LLC grew its holdings in AST SpaceMobile by 9,876.8% during the 2nd quarter. Tidal Investments LLC now owns 1,049,061 shares of the company’s stock worth $93,220,000 after acquiring an additional 1,038,546 shares in the last quarter. Tema ETFs LLC grew its holdings in shares of AST SpaceMobile by 109,486.8% during the second quarter. Tema ETFs LLC now owns 1,003,815 shares of the company’s stock worth $89,199,000 after buying an additional 1,002,899 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of AST SpaceMobile by 140.3% during the first quarter. Bank of America Corp DE now owns 1,644,246 shares of the company’s stock worth $136,259,000 after purchasing an additional 960,045 shares during the period. Bank of New York Mellon Corp purchased a new position in AST SpaceMobile during the second quarter worth about $67,907,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of AST SpaceMobile during the 1st quarter worth $34,627,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

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.