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AST SpaceMobile: Intermittent Service Isn't Enough

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Update - Sept. 9

AST SpaceMobile appears headed back down to $25. The UBS downgrade following the Starlink purchase of Echostar spectrum is the final straw. 

  • Shares of AST SpaceMobile slipped nearly 8% during early trading hours on Tuesday as UBS downgraded the company to Neutral from Buy, mainly due to increasing competitive concerns.
  • UBS said ASTS Will be a leader in the emerging space-to-cellular broadband market on the back of its technology, carrier relationships and ability to link unmodified devices using multiple spectrum bands.
  • The brokerage firm also lowered its price target to $43 from a previous price target of $62.
  • Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios. Learn More »

Finviz Chart


Original article posted on Aug. 13 

  • AST SpaceMobile continues to miss satellite launch targets, delaying commercial service and raising doubts about execution.
  • Competitive threats from Starlink and T-Mobile have intensified, making ASTS' late entry and value proposition less compelling.
  • Revenue projections appear overly optimistic given persistent delays, questionable demand, and reliance on MNO partnerships for growth.
  • The stock now has a very aggressive $18 billion market cap, leaving us Bearish on AST SpaceMobile.
After more delays and reduced goals, AST SpaceMobile, Inc. (NASDAQ:ASTS) continues to trade at a rich multiple. The space-based cellular broadband company faces tougher competition capable of launching satellites on time. My investment thesis remains ultra-bearish on the stock, with the price remaining elevated.


Read the full article on Seeking Alpha. 

Disclosure: No position. Please review the disclaimer page for more details. 

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