AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 8,458,905 shares traded hands during mid-day trading, a decline of 30% from the previous session’s volume of 12,159,610 shares.The stock last traded at $79.7770 and had previously closed at $85.67.
AST SpaceMobile News Roundup
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: BlueBird 6 successfully launched into orbit and is described as the largest commercial communications array deployed in low‑Earth orbit — a clear operational milestone that validates ASTS’s technology and expands its commercial/government addressable market. AST SpaceMobile Announces Successful Orbital Launch of BlueBird 6
- Positive Sentiment: Mainstream coverage highlights the successful India launch and reiterates the company’s progress toward a global space‑based cellular network, supporting long‑term revenue potential from carrier contracts and roaming partnerships. AST SpaceMobile announces successful orbital launch of BlueBird 6
- Positive Sentiment: Analyst/commentary pieces (retail‑oriented outlets) are touting ASTS as a high‑growth satellite play and comparing investor interest favorably versus other speculative names, which can sustain retail demand. Forget Archer Aviation: The Smartest Investors Are Piling Into This Game-Changing Satellite Stock
- Neutral Sentiment: Valuation discussion: recent pieces assess ASTS after a strong multi‑year share run, raising the possibility that future gains depend on execution and revenue scaling rather than further multiple expansion. That can temper momentum. Assessing AST SpaceMobile (ASTS) Valuation After Its Strong Multi‑Year Share Price Run
- Neutral Sentiment: Market context: broad futures weakness around the holiday session likely amplified selling pressure on high‑beta names like ASTS, contributing to intraday declines separate from company‑specific news. Stock Market Today: Dow Jones, S&P 500 Futures Drop On Christmas Eve
- Neutral Sentiment: Reported short‑interest data is uninformative (shows zero/erroneous values), so there’s no clear sign that a large short squeeze or covering is behind today’s moves. Traders should treat the short‑interest report with caution.
- Negative Sentiment: Despite the launch, several outlets note the stock fell on the day — a sign that the milestone was largely priced in and that investors are booking gains; this suggests near‑term upside may be limited until the company demonstrates revenue growth from new satellites. AST SpaceMobile Falls Despite Successful Satellite Launch
- Negative Sentiment: Some headlines report a retreat after the India launch, reinforcing the narrative of profit‑taking and the need for concrete commercial contracts / revenue recognition before sentiment improves further. AST SpaceMobile retreats after successful India launch
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the company. Scotiabank raised AST SpaceMobile from a “sector underperform” rating to a “sector perform” rating and set a $45.60 target price for the company in a research note on Monday, November 24th. Weiss Ratings restated a “sell (d-)” rating on shares of AST SpaceMobile in a research report on Monday. UBS Group downgraded shares of AST SpaceMobile from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $62.00 to $43.00 in a research note on Tuesday, September 9th. Zacks Research cut shares of AST SpaceMobile from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Finally, Barclays downgraded shares of AST SpaceMobile from an “overweight” rating to an “underweight” rating and set a $60.00 price target for the company. in a report on Friday, October 17th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $45.66.
AST SpaceMobile Trading Down 9.7%
The company has a market cap of $28.40 billion, a PE ratio of -62.41 and a beta of 2.76. The company’s 50 day simple moving average is $69.01 and its two-hundred day simple moving average is $57.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 9.56 and a quick ratio of 9.48.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.27). AST SpaceMobile had a negative return on equity of 27.76% and a negative net margin of 1,639.59%.The company had revenue of $14.74 million during the quarter, compared to analyst estimates of $22.04 million. During the same quarter in the prior year, the company posted ($1.10) earnings per share. The business’s revenue was up 1236.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that AST SpaceMobile, Inc. will post -0.4 EPS for the current fiscal year.
Insider Buying and Selling at AST SpaceMobile
In related news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total transaction of $159,631,314.75. Following the transaction, the insider owned 211,379 shares of the company’s stock, valued at approximately $14,743,685.25. This represents a 91.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Shanti B. Gupta sold 10,000 shares of AST SpaceMobile stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $77.34, for a total value of $773,400.00. Following the completion of the transaction, the chief operating officer directly owned 382,375 shares of the company’s stock, valued at approximately $29,572,882.50. This represents a 2.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 2,140 shares of company stock valued at $137,236 and sold 2,354,621 shares valued at $164,348,075. Corporate insiders own 30.90% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in ASTS. Swiss Life Asset Management Ltd increased its stake in AST SpaceMobile by 82.6% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 8,993 shares of the company’s stock worth $441,000 after buying an additional 4,069 shares during the period. Greenhaven Road Investment Management L.P. grew its stake in shares of AST SpaceMobile by 22.8% in the third quarter. Greenhaven Road Investment Management L.P. now owns 329,111 shares of the company’s stock worth $16,153,000 after acquiring an additional 61,111 shares in the last quarter. Cantor Fitzgerald L. P. increased its position in shares of AST SpaceMobile by 138.0% during the third quarter. Cantor Fitzgerald L. P. now owns 32,882 shares of the company’s stock worth $1,614,000 after acquiring an additional 19,065 shares during the period. CIBC Private Wealth Group LLC raised its stake in shares of AST SpaceMobile by 34.5% in the third quarter. CIBC Private Wealth Group LLC now owns 1,755 shares of the company’s stock valued at $86,000 after acquiring an additional 450 shares in the last quarter. Finally, Centaurus Financial Inc. raised its stake in shares of AST SpaceMobile by 46.4% in the third quarter. Centaurus Financial Inc. now owns 4,438 shares of the company’s stock valued at $218,000 after acquiring an additional 1,407 shares in the last quarter. Institutional investors and hedge funds own 60.95% of the company’s stock.
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.
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