AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) was up 6.8% on Friday . The stock traded as high as $71.99 and last traded at $71.94. 13,810,393 shares were traded during mid-day trading, a decline of 24% from the average session volume of 18,146,299 shares. The stock had previously closed at $67.36.
More AST SpaceMobile News
Here are the key news stories impacting AST SpaceMobile this week:
- Positive Sentiment: BlueBird network expansion: AST SpaceMobile launched three additional BlueBird satellites, reportedly doubling download speeds available to direct-to-device partners. The launch supports the company’s planned 2027 constellation buildout and strengthens the case for future commercial service. AST SpaceMobile’s Latest BlueBird Launch Raises the Stakes Ahead of Q2 Earnings
- Positive Sentiment: Japan approval: The company secured regulatory approval to launch direct-to-cell satellite services in Japan with Rakuten Mobile. The partnership could expand ASTS’s addressable market and provide an important commercial validation for its BlueBird platform. AST SpaceMobile Secures Japan Direct To Cell Approval
- Positive Sentiment: European operator relationships: AST SpaceMobile announced network-integration testing with Vodafone, Deutsche Telekom, Orange and other mobile operators across multiple European countries. These relationships could accelerate service deployment and improve distribution through established carriers. AST SpaceMobile Accelerates Presence Across Europe with Leading Mobile Network Operators
- Neutral Sentiment: Earnings and short-interest focus: ASTS is scheduled to report second-quarter results after the market closes on Aug. 10. Heavy short interest may amplify price movements if results, guidance or operational updates surprise investors. Heavily Shorted Satellite Stock Gearing Up for Earnings
- Negative Sentiment: Investor investigation: Pomerantz LLP announced an investigation into potential claims on behalf of ASTS investors. Although no findings or allegations were detailed in the notice, the announcement creates a legal and headline risk overhang. Pomerantz Investor Alert
Analysts Set New Price Targets
Several brokerages recently commented on ASTS. Scotiabank upgraded AST SpaceMobile from a "sector underperform" rating to a "sector perform" rating and set a $50.80 target price on the stock in a report on Wednesday, July 29th. Roth Capital restated a "buy" rating and issued a $108.00 price target on shares of AST SpaceMobile in a report on Tuesday, May 12th. Wall Street Zen downgraded shares of AST SpaceMobile from a "sell" rating to a "strong sell" rating in a research report on Wednesday, April 15th. UBS Group dropped their price objective on shares of AST SpaceMobile from $85.00 to $80.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 12th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of AST SpaceMobile in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, AST SpaceMobile has a consensus rating of "Hold" and an average target price of $87.60.
Get Our Latest Report on AST SpaceMobile
AST SpaceMobile Price Performance
The business has a fifty day moving average of $76.79 and a 200 day moving average of $86.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 18.47 and a quick ratio of 18.37. The stock has a market cap of $27.92 billion, a PE ratio of -40.42 and a beta of 2.75.
AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.66) earnings per share (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 for the quarter, compared to analysts' expectations of $39.01 million. During the same quarter in the prior year, the firm earned ($0.20) earnings per share. AST SpaceMobile's revenue for the quarter was up 1952.2% compared to the same quarter last year. Sell-side analysts anticipate that AST SpaceMobile, Inc. will post -1.38 earnings per share for the current year.
Insider Buying and Selling
In related news, CTO Huiwen Yao sold 40,000 shares of AST SpaceMobile stock in a transaction on 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 completion of the sale, the chief technology officer owned 34,750 shares in the company, valued at approximately $3,348,857.50. The trade was a 53.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 on Wednesday, May 13th. The shares were sold at an average price of $76.34, for a total transaction of $1,145,100.00. Following the transaction, the director owned 43,239 shares in the company, valued at $3,300,865.26. This trade represents a 25.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 105,809 shares of company stock worth $9,748,492. Insiders own 20.89% of the company's stock.
Hedge Funds Weigh In On AST SpaceMobile
Large investors have recently modified their holdings of the stock. Laurel Wealth Advisors LLC acquired a new stake in AST SpaceMobile during the fourth quarter valued at approximately $25,000. Cornerstone Planning Group LLC lifted its holdings in AST SpaceMobile by 16,350.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 329 shares of the company's stock worth $27,000 after buying an additional 327 shares during the last quarter. Grove Bank & Trust acquired a new position in shares of AST SpaceMobile in the 2nd quarter worth approximately $27,000. Acumen Wealth Advisors LLC acquired a new position in shares of AST SpaceMobile in the 4th quarter worth approximately $29,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of AST SpaceMobile in the 3rd quarter valued at approximately $29,000. Institutional investors own 60.95% of the company's stock.
About AST SpaceMobile
(
Get Free Report)
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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