AST SpaceMobile (NASDAQ:ASTS) Stock Jumps 6.4% – Here’s What Happened

AST SpaceMobile, Inc. (NASDAQ:ASTS)’s share price traded up 6.4% during trading on Tuesday. The company traded as high as $43.43 and last traded at $41.96. Approximately 15,206,355 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 16,701,490 shares. The stock had previously closed at $39.45.

AST SpaceMobile News Roundup

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

• Positive Sentiment: Brazil expansion advances: Brazil’s telecom regulator approved AST SpaceMobile’s access to S-band spectrum and secondary use of the 700 MHz band. The company also reached agreements with four regional operators and plans ground infrastructure, supporting its goal of providing satellite-enabled voice, internet and video directly to smartphones in areas lacking coverage. AST SpaceMobile Brazil expansion announcement
• Positive Sentiment: Analyst upgrade: Scotiabank upgraded AST SpaceMobile to “Sector Outperform” from “Sector Perform,” providing a potential sentiment boost amid the stock’s recent weakness. Scotiabank upgrade
• Neutral Sentiment: Upcoming business update: AST SpaceMobile will report third-quarter 2026 results and provide a business update on November 9. Investors will likely focus on commercial-service timing, satellite deployment, partnerships, funding needs and operating losses. AST SpaceMobile third-quarter business update
• Negative Sentiment: Launch and competitive risks: Coverage highlights possible satellite launch delays and increased competition from SpaceX as AST SpaceMobile works toward commercial service. A market commentator also questioned the company’s valuation, citing an enterprise value of roughly 140 times trailing revenue and substantial EBITDA losses. AST SpaceMobile launch and competition risks
• Negative Sentiment: Litigation and dilution concerns: Several law firms are soliciting investors for a securities class action alleging that AST SpaceMobile’s disclosures understated adoption risks and the dilution associated with three $1 billion convertible-note offerings. The allegations have not been proven, but the publicity adds an overhang and reinforces concerns about financing and shareholder dilution. The lead-plaintiff deadline is November 13, 2026. AST SpaceMobile shareholder litigation alert

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ASTS. B. Riley Financial cut shares of AST SpaceMobile from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $85.00 to $65.00 in a research note on Friday, October 2nd. Piper Sandler lowered shares of AST SpaceMobile from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $98.00 to $54.00 in a research note on Tuesday, October 13th. William Blair reaffirmed a “market perform” rating on shares of AST SpaceMobile in a report on Monday, October 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of AST SpaceMobile in a research note on Monday, September 21st. Finally, Scotiabank raised AST SpaceMobile from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $50.80 to $55.70 in a report on Friday. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $80.67.

AST SpaceMobile Stock Up 6.4%

The company has a current ratio of 13.05, a quick ratio of 12.90 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $16.33 billion, a price-to-earnings ratio of -19.61 and a beta of 2.72. The firm’s 50 day simple moving average is $57.05 and its 200-day simple moving average is $78.76.

AST SpaceMobile (NASDAQ:ASTS) last released its 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). The firm had revenue of $31.52 million during the quarter, compared to analyst estimates of $34.53 million. AST SpaceMobile had a negative return on equity of 22.88% and a negative net margin of 536.66%. During the same quarter last year, the business posted ($0.41) EPS. On average, sell-side analysts anticipate that AST SpaceMobile, Inc. will post -1.91 EPS for the current fiscal year.

Insider Buying and Selling at AST SpaceMobile

In other AST SpaceMobile news, Director Adriana Cisneros bought 10,822 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was acquired at an average cost of $57.22 per share, with a total value of $619,234.84. Following the purchase, the director owned 797,023 shares in the company, valued at approximately $45,605,656.06. This represents a 1.38% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Shanti B. Gupta sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $58.89, for a total value of $706,680.00. Following the completion of the sale, the chief operating officer directly owned 462,980 shares of the company’s stock, valued at $27,264,892.20. This represents a 2.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 20.89% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its position in AST SpaceMobile by 140.3% in the first quarter. Bank of America Corp DE now owns 1,644,246 shares of the company’s stock worth $136,259,000 after acquiring an additional 960,045 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of AST SpaceMobile by 14.3% in the first quarter. First Trust Advisors LP now owns 1,316,852 shares of the company’s stock valued at $109,128,000 after purchasing an additional 164,303 shares during the period. Tidal Investments LLC lifted its stake in shares of AST SpaceMobile by 9,876.8% in the second quarter. Tidal Investments LLC now owns 1,049,061 shares of the company’s stock valued at $93,220,000 after purchasing an additional 1,038,546 shares during the period. Tema ETFs LLC boosted its holdings in 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 in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in AST SpaceMobile by 21.5% during the first quarter. Bank of New York Mellon Corp now owns 837,559 shares of the company’s stock worth $69,409,000 after buying an additional 148,464 shares in the last quarter. 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.