AST SpaceMobile Hits 52-Week Low as Deployment Forecast Slashed
ASTS is trading near its 52-week low of $46.23 (1.7% above the low).
Summary
AST SpaceMobile fell to a 52-week low after Piper Sandler downgraded the stock to Neutral and cut its price target to $54, citing deployment delays and SpaceX competition. The firm also slashed its 2026 and 2027 satellite deployment forecasts to 18 and 60 units from 45 and 68, signaling a slower rollout. BlueBird 13 has launched, but BlueBirds 14-16 are still awaiting Falcon 9 launches with no dates set. The company also asked the FCC to allow satellite-to-standard mobile links in specific spectrum bands. Deutsche Bank countered with an upgrade to Buy and a $93 target, noting the stock trades well below May highs. The conflicting analyst views and reduced deployment expectations are likely to drive near-term volatility.
At the time of this announcement, ASTS was trading at $47.03 on NASDAQ in the Technology sector, with a market capitalization of approximately $18.3B. The 52-week trading range was $46.23 to $133.86. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.