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Summary
AST SpaceMobile (ASTS) rose 2.63% to $39.79 on October 23, 2026, after touching a 52-week low of $36.72 earlier in the session.
Financial media tied the rebound to Scotiabank revising its view on the stock, though one report noted no causal link has been confirmed.
The gain came as the Nasdaq Composite fell 0.21%, and the stock still sits 70.27% below its 52-week high.
Gotrade News - Shares of AST SpaceMobile (ASTS) rose 2.63% to close at $39.79 in the US session on Friday, October 23, 2026, rebounding from a fresh 52-week low of $36.72 set earlier in the day. The AST SpaceMobile stock news behind the move: financial media tied the gain to Scotiabank revising its view on the stock, while the Nasdaq Composite slipped 0.21%.
ASTS Trading Data
Data
Value
Closing price
$39.79
Change
+$1.02 (+2.63%)
Previous close
$38.77
Open
$38.17
Day range
$36.72 to $40.16
Volume
13.1 million shares
30-day average volume
14.8 million shares
52-week range
$36.72 to $133.86
Regular-session close on Friday, October 23, 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 October 24, 2025. Indices and the 10-year Treasury yield: Yahoo Finance daily closes for the same date.
ASTS opened at $38.17, below the previous close of $38.77, and slid to $36.72, a level that now marks its 52-week low. The stock then reversed and finished $3.07 above that low, close to the session high of $40.16.
Volume came in at 13.1 million shares, 12.03% below the 14.8 million share average.
The gain stood out against a weaker market. The Nasdaq Composite fell 0.21% to 25,955.34, the S&P 500 lost 0.52% to 7,623.68 and the Dow Jones Industrial Average dropped 1.23% to 52,215.16. ASTS finished 2.84 percentage points ahead of the Nasdaq, while large growth names such as Nvidia (NVDA), down 0.59%, and Tesla (TSLA), down 0.63%, closed lower.
Even after the rebound, the stock sits 70.27% below its 52-week high of $133.86 and 8.36% above its 52-week low.
Why AST SpaceMobile Stock Rose
According to AST SpaceMobile's October 20 release, the company is targeting initial, intermittent space-based cellular broadband coverage before the end of 2026 in the US, Canada, Japan, the UK and Saudi Arabia. President Scott Wisniewski said the company is "moving toward service with the partnerships, spectrum and network capabilities needed."
As reported by boerse-global.de on October 24, Scotiabank revised its view on AST SpaceMobile, and the shares rose alongside the call after an earlier dip in the session. The same report noted that no causal link between the analyst call and the rebound has been confirmed.
ASTS Stock Analysis: Supporting Factors and Risks
Supporting Factors
Per the October 20 release, AST SpaceMobile counts more than 60 mobile network operator partners representing over 3 billion subscribers, including AT&T, Verizon and Vodafone.
According to the company's second quarter 2026 business update, it raised $1.15 billion in gross proceeds from convertible notes in July and reported pro forma cash, cash equivalents and restricted cash of over $3.7 billion as of June 30, 2026.
Deutsche Telekom, Orange, Telefónica and Vodafone signed a letter of intent to explore a joint bid for European mobile satellite spectrum, a move AST welcomed, as reported by Stocktwits. The four operators have not yet selected a satellite partner.
Risks
Viasat filed a petition on Monday, October 19, asking the FCC to deny the extra spectrum authority AST requested, arguing that some of the frequencies overlap with existing mobile satellite services, per the same Stocktwits report. AST says overseas operations would proceed only after approval from national licensing authorities.
SpaceX is adding spectrum of its own. As reported by The Motley Fool, SpaceX agreed to spend $8 billion on Grain Management's nationwide 800 MHz low-band spectrum portfolio, and Starlink has over 10,000 active satellites against the 13 BlueBirds AST has launched.
The Motley Fool notes AST needs at least 45 satellites for stable service and expects to reach that by early 2027, and the company says its initial coverage will be limited until more spacecraft are in orbit.
A securities class action has been filed against AST and certain executives on behalf of investors who acquired shares between March 4, 2025 and July 15, 2026, according to the boerse-global.de report, which notes it is a filing, not a finding of wrongdoing.
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.
