AST SpaceMobile (NASDAQ:ASTS) Stock Price Up 7.4% - Here's Why

Key Points

• Shares of AST SpaceMobile were up 7.4% on Tuesday, trading as high as $97.40 and last at $95.70 on roughly 13.8 million shares, slightly below the ~15.2 million average daily volume.
• The company missed EPS (reported -$0.26 vs. -$0.18 expected) but posted a large revenue beat of $54.31 million (up 2,731% year‑over‑year), highlighting rapid top‑line growth alongside continued losses.
• Analyst sentiment is cautious: the consensus rating is "Reduce" with a $63.77 target, and the stock shows a negative P/E and a market cap of about $35.1 billion, with insiders owning ~30.9% and institutions ~60.95%.

Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) were up 7.4% during trading on Tuesday . The company traded as high as $97.40 and last traded at $95.70. Approximately 13,808,398 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 15,224,483 shares. The stock had previously closed at $89.11.

Analyst Ratings Changes

Several analysts have recently weighed in on ASTS shares. Scotiabank downgraded AST SpaceMobile from a "sector perform" rating to a "sector underperform" rating and set a $45.60 target price for the company. in a research note on Wednesday, January 7th. B. Riley Financial cut their price target on AST SpaceMobile from $105.00 to $95.00 and set a "neutral" rating on the stock in a research note on Friday, February 13th. Weiss Ratings reissued a "sell (d-)" rating on shares of AST SpaceMobile in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of AST SpaceMobile in a research note on Tuesday, January 20th. Finally, Zacks Research raised AST SpaceMobile from a "strong sell" rating to a "hold" rating in a research report on Wednesday, March 4th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $63.77.

AST SpaceMobile Stock Performance

The firm's fifty day moving average price is $96.31 and its 200-day moving average price is $76.02. The company has a market cap of $35.12 billion, a P/E ratio of -72.50 and a beta of 2.78. The company has a current ratio of 16.35, a quick ratio of 16.27 and a debt-to-equity ratio of 0.92.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last released its earnings results on Monday, March 2nd. The company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.08). AST SpaceMobile had a negative net margin of 482.16% and a negative return on equity of 23.02%. The company had revenue of $54.31 million during the quarter, compared to the consensus estimate of $39.53 million. The company's revenue was up 2731.3% compared to the same quarter last year. As a group, research analysts forecast that AST SpaceMobile, Inc. will post -0.4 EPS for the current fiscal year.

Insider Activity at AST SpaceMobile

In other news, Director Keith R. Larson acquired 625 shares of the firm's stock in a transaction dated Wednesday, December 24th. The shares were bought at an average price of $80.00 per share, with a total value of $50,000.00. Following the acquisition, the director owned 2,015 shares of the company's stock, valued at $161,200. This trade represents a 44.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 30.90% of the company's stock.

Institutional Trading of AST SpaceMobile

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in AST SpaceMobile by 7.9% in the fourth quarter. Vanguard Group Inc. now owns 21,488,180 shares of the company's stock worth $1,560,687,000 after purchasing an additional 1,568,292 shares during the period. Vodafone Ventures Ltd bought a new stake in AST SpaceMobile in the 4th quarter valued at $397,413,000. Morgan Stanley increased its holdings in AST SpaceMobile by 44.0% in the 4th quarter. Morgan Stanley now owns 4,661,551 shares of the company's stock valued at $338,569,000 after buying an additional 1,425,199 shares during the period. Geode Capital Management LLC raised its stake in shares of AST SpaceMobile by 9.8% in the 4th quarter. Geode Capital Management LLC now owns 4,522,549 shares of the company's stock valued at $328,749,000 after buying an additional 402,505 shares in the last quarter. Finally, State Street Corp raised its stake in shares of AST SpaceMobile by 9.7% in the 4th quarter. State Street Corp now owns 3,951,685 shares of the company's stock valued at $287,011,000 after buying an additional 350,690 shares in the last quarter. 60.95% of the stock is currently owned by institutional investors.

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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