AI-powered contentSome parts of this article are powered by AI.
Share this article
Summary
AST SpaceMobile (ASTS) fell 8.67% to $33.69 on November 10, 2026, while the Nasdaq Composite lost 0.74%.
Financial media tied the drop to third-quarter revenue of $42.3 million that missed estimates, a 45-satellite target moved to mid-2027 and a hotter-than-expected inflation report.
The company kept its 2026 revenue guidance of $150 million to $200 million and reported about $3.2 billion in cash, cash equivalents and restricted cash.
Gotrade News - In the latest AST SpaceMobile stock news, shares of AST SpaceMobile (ASTS) fell 8.67% to close at $33.69 on Tuesday, November 10, 2026, down $3.20 from the previous close. Financial media tied the drop in AST SpaceMobile stock to third-quarter revenue below estimates, a later target for its satellite constellation and a hotter-than-expected inflation report.
ASTS Trading Data
Data
Value
Closing price
$33.69
Change
-$3.20 (-8.67%)
Previous close
$36.89
Open
$34.20
Day range
$31.96 to $36.84
Volume
25.7 million shares
30-day average volume
18.3 million shares
52-week range
$27.58 to $133.86
Regular-session close on Tuesday, November 10, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 11, 2025. Indices: Yahoo Finance daily closes for the same date. 10-year Treasury yield: U.S. Treasury daily par yield curve for the same date.
The stock opened at $34.20, below the prior close of $36.89, and traded between $31.96 and $36.84 before finishing $1.73 above the day's low. Volume reached 25.7 million shares, 40.52% above the average of 18.3 million shares.
The decline was far steeper than the broader market's. The Nasdaq Composite fell 0.74% to 25,065.88, the S&P 500 slipped 0.38% to 7,520.93 and the Dow Jones Industrial Average eased 0.30% to 52,231.89, leaving ASTS 7.93 percentage points behind the Nasdaq. The US 10-year Treasury yield rose 10.0 basis points to 4.98%.
Space peer SpaceX (SPCX) rose 0.72%, while chipmaker Nvidia (NVDA) fell 5.47%. ASTS now sits 74.83% below its 52-week high of $133.86 and 22.15% above its 52-week low of $27.58.
According to the company's third-quarter release dated November 9, AST SpaceMobile reported revenue of $42.3 million, up from $14.7 million a year earlier on gateway deliveries and US government milestones, and a net loss attributable to common stockholders of $132.4 million, or $0.44 per share. The company kept its 2026 revenue guidance of $150 million to $200 million and said it is targeting about 45 BlueBird satellites in orbit by mid-2027.
Both headline numbers fell short of expectations, as reported by Investing.com: revenue of $42.32 million compared with an estimate of $47.94 million, and the loss of $0.44 per share compared with an estimate of $0.40. Investing.com also noted that the roughly 45-satellite target had moved from early 2027 to mid-2027. The drop followed a 14.1% gain on November 9, per the same report.
Per The Motley Fool, the backdrop mattered more than the quarter: Billy Duberstein tied most of the move to a hotter-than-expected inflation report. He wrote that a potential rise in interest rates "disproportionately reduces the present value of AST's future profits," because the company "currently has very little revenue." He also pointed to SpaceX's plan, announced with its June IPO, to pursue direct-to-cell mobile service, which overlaps with AST's business.
ASTS Stock Analysis: Supporting Factors and Risks
Supporting Factors
The company reported cash, cash equivalents and restricted cash of about $3.2 billion as of September 30, 2026, according to its release.
The release cites $1.0 billion in non-dilutive funding under a J-LEO agreement with Japan's Ministry of Internal Affairs and Communications and partner Rakuten, plus a US Space Force contract worth about $100 million.
AST says its commercial ecosystem covers over 60 mobile network operators representing over 3 billion subscribers.
Risks
Simply Wall St. noted a trailing 12-month net loss of $628.3 million and fourth-quarter capital spending guidance of $400 million to $500 million, with broad-service revenue pushed out while spending accelerates.
Per Investing.com, revenue missed estimates in three of the last four quarters, and reaching the low end of 2026 guidance requires roughly $61 million or more in fourth-quarter revenue.
The Motley Fool flagged SpaceX's direct-to-cell plans as competition and higher interest rates as a pressure on loss-making companies.
Next on the calendar, the company targets nationwide intermittent US service before year-end 2026, while Investing.com lists March 26, 2027 as an estimated, unconfirmed date for fourth-quarter results.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
