TLDR
- ASTS rose 4.6% to $90.94 on Thursday, trading 17.9 million units — 19% above its average volume
- The move was partly driven by investor enthusiasm following Amazon’s Globalstar acquisition deal, which boosted the broader LEO satellite sector
- Jim Cramer called ASTS a stock to own, citing its “unique property,” though he noted it remains speculative
- The company forecasts FY26 revenue of $150M–$200M, holds a $1.2B contracted backlog, and has ~$3.9B in liquidity
- Analyst sentiment is mixed — average price target of $77.10, with 2 Buys, 6 Holds, and 3 Sells
AST SpaceMobile stock climbed 4.6% on Thursday, closing at $90.94 after opening from a prior close of $86.91. Volume came in at 17.9 million units — about 19% above the stock’s average daily volume — suggesting real buying pressure behind the move.
The stock hit an intraday high of $91.10. Its 50-day moving average sits at $89.27, and its 200-day at $82.79. Market cap currently stands at around $34.74 billion.
The catalyst? Amazon’s announcement that it’s acquiring Globalstar sent a ripple through the satellite connectivity space. Investors appeared to re-rate ASTS on the thesis that a growing LEO connectivity market could lift multiple players, not just Amazon.
Jim Cramer added some fuel on Mad Money, telling a caller: “I like it very much. After what I saw happen with Globalstar and Amazon — let’s own this one.” He had previously described ASTS as speculative but worth owning as part of a diversified approach.
The company operates the BlueBird satellite network, connecting directly to standard smartphones without special hardware — which is the core of the investment thesis.
Fundamentals Look Promising — But Profitability Isn’t Here Yet
In its most recent quarter (reported March 2), ASTS posted revenue of $54.31 million, crushing the analyst estimate of $39.53 million. Year-over-year, that’s a 2,731% increase.
EPS came in at -$0.26, missing the -$0.18 consensus. The company remains unprofitable, with a P/E of -68.89 and a negative return on equity of 23.02%.
For FY25, revenue is forecast at $70.9 million. FY26 guidance is $150M–$200M, with a projected path to $1 billion by FY27.
The company also holds a $1.2 billion contracted backlog, a $175 million prepayment from STC Group, and approximately $3.9 billion in liquidity — which analysts say reduces near-term dilution risk.
Analyst Targets and Insider Activity
Wall Street is not uniformly bullish. The average analyst price target is $77.10 — below where the stock is currently trading. UBS raised its target from $43 to $85 but kept a “neutral” rating. B. Riley cut its target from $105 to $95, also rating it “neutral.” Zacks upgraded from “strong sell” to “hold.” Weiss Ratings kept a “sell (d-)” rating, and Wall Street Zen recently cut to “strong sell.”
On the insider side, CTO Huiwen Yao sold 40,000 units of ASTS stock on March 23 at an average of $88.88, reducing their ownership by 89.39%. That’s a notable move worth watching.
Institutional investors hold 60.95% of the stock, with several smaller funds initiating new positions in Q3 and Q4 of last year.
On the headwind side, FCC officials have flagged a new “three-way race” in the satellite space, and there have been reported delays to the BlueBird deployment schedule. Amazon’s entry into the market also brings a well-funded competitor into direct competition.
As of Thursday’s session, ASTS carries a beta of 2.81, a debt-to-equity ratio of 0.92, and a quick ratio of 16.27.
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