AST SpaceMobile (ASTS) Stock Surges 5% Following Jim Cramer’s ‘Let’s Own This One’ Endorsement

Key Highlights

• ASTS shares advanced 4.6% to $90.94 during Thursday’s session, with trading volume reaching 17.9 million shares — approximately 19% higher than typical daily levels
• Market momentum was partially fueled by Amazon’s announcement to acquire Globalstar, sparking renewed interest across the low Earth orbit (LEO) satellite industry
• During Mad Money, Jim Cramer endorsed ASTS as a stock worth owning, highlighting its “unique property” while acknowledging its speculative nature
• The satellite operator projects FY26 revenue between $150M–$200M, maintains a contracted backlog of $1.2B, and reports approximately $3.9B in available liquidity
• Wall Street analysts show divided opinions — consensus price target of $77.10, with ratings split between 2 Buys, 6 Holds, and 3 Sells

Shares of AST SpaceMobile experienced a notable 4.6% uptick on Thursday, finishing the trading day at $90.94 compared to the previous session’s close of $86.91. Trading activity reached 17.9 million shares — roughly 19% beyond typical volume levels — indicating substantive investor interest driving the rally.

AST SpaceMobile, Inc., ASTS

The stock peaked at $91.10 during intraday trading. Technical indicators show the 50-day moving average positioned at $89.27, while the 200-day average rests at $82.79. The company’s current market capitalization hovers near $34.74 billion.

What triggered the movement? Amazon’s disclosed plans to purchase Globalstar created waves throughout the satellite connectivity industry. Market participants seemed to reassess ASTS based on the premise that an expanding LEO connectivity ecosystem could benefit several companies, beyond just Amazon’s interests.

The enterprise operates its BlueBird satellite constellation, which enables direct connectivity to conventional smartphones without requiring specialized equipment — representing the fundamental basis of its investment appeal.

Financial Performance Shows Growth, Though Profitability Remains Elusive

During its latest quarterly report (released March 2), ASTS delivered revenue of $54.31 million, significantly surpassing Wall Street’s expectation of $39.53 million. This represents a remarkable 2,731% year-over-year increase.

Earnings per share registered at -$0.26, falling short of the -$0.18 analyst consensus. The company continues operating in the red, reflected in its P/E ratio of -68.89 and negative return on equity of 23.02%.

Looking ahead, FY25 revenue projections stand at $70.9 million. Management guidance for FY26 calls for $150M–$200M, with aspirations to reach $1 billion by FY27.

The organization also maintains a $1.2 billion contracted backlog, has received a $175 million prepayment from STC Group, and reports roughly $3.9 billion in available liquidity — factors analysts suggest mitigate immediate dilution concerns.

Street Sentiment and Trading Activity by Insiders

Analyst opinion remains fragmented. The consensus price objective sits at $77.10 — trading below current market levels. UBS elevated its target from $43 to $85 while maintaining a “neutral” stance. B. Riley decreased its target from $105 to $95, also assigning a “neutral” rating. Zacks Research upgraded from “strong sell” to “hold.” Weiss Ratings maintained a “sell (d-)” designation, and Wall Street Zen recently downgraded to “strong sell.”

Regarding insider transactions, CTO Huiwen Yao divested 40,000 shares on March 23 at an average price of $88.88, decreasing their stake by 89.39%. This represents a significant transaction meriting investor attention.

Institutional stakeholders control 60.95% of outstanding shares, with various smaller funds establishing new positions during the third and fourth quarters of the previous year.

On the challenge front, FCC regulators have identified an emerging “three-way race” in the satellite sector, and reports indicate potential delays affecting the BlueBird constellation deployment timeline. Amazon’s market entrance also introduces a well-capitalized competitor into direct rivalry.

As of Thursday’s close, ASTS demonstrates a beta of 2.81, debt-to-equity ratio of 0.92, and quick ratio of 16.27.

The post AST SpaceMobile (ASTS) Stock Surges 5% Following Jim Cramer’s ‘Let’s Own This One’ Endorsement appeared first on Blockonomi.