Fri May 02 14:10:00 UTC 2025: **AST SpaceMobile Stock Soars 11.6% on Positive Analyst Ratings and Institutional Investment**

**Midland, TX – April 13, 2024** – Shares of AST SpaceMobile, Inc. (NASDAQ: ASTS), a provider of space-based cellular broadband network access, surged 11.6% on Wednesday, closing at $23.77. The increase follows a series of positive analyst ratings and increased institutional investment.

Trading volume was significantly lower than average, with approximately 3,138,339 shares exchanged, a 75% decrease from the daily average. The stock’s high for the day reached $23.90.

Several analysts have recently issued bullish reports on ASTS. Roth Capital initiated coverage with a “buy” rating and a $42.00 price target. Scotiabank and UBS Group reaffirmed “outperform” and “buy” ratings, respectively, with UBS raising its price target from $31.00 to $38.00. Cantor Fitzgerald also maintained an “overweight” rating and a $30.00 price target. According to MarketBeat.com, the stock currently holds an average “buy” rating with a consensus price target of $42.82.

Meanwhile, institutional investors have been increasing their holdings. Vanguard Group Inc. boosted its stake by 49.4%, Geode Capital Management LLC by 7.0%, and T. Rowe Price Investment Management Inc. and Charles Schwab Investment Management Inc. also significantly increased their positions. Northern Trust Corp also added to its holdings. Currently, institutional investors own 60.95% of AST SpaceMobile’s stock.

Despite the positive outlook, it’s worth noting that Director Julio A. Torres recently sold 20,000 shares, representing a 27.54% decrease in his personal holdings. The sale was made at an average price of $30.73.

AST SpaceMobile boasts a market capitalization of $7.30 billion, but also carries a negative P/E ratio of -10.89. The company’s 50-day moving average is $25.26, and its 200-day moving average is $24.60. Financial ratios indicate a healthy liquidity position.

While analysts are largely positive on AST SpaceMobile’s prospects, MarketBeat notes that other companies are considered even more promising buys by top-rated analysts. Further details on this can be obtained through MarketBeat’s resources.

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