AST SpaceMobile Inc. (NASDAQ:ASTS) stock recovers after a morning decline. Investors are weighing intensifying competition from Space Exploration Technologies Corp (NASDAQ:SPCX), broader weakness across space stocks, a regulatory spectrum challenge from ViaSat, Inc. (NASDAQ:VSAT) and a pending securities class action.
The Nasdaq is down 0.08% while the S&P 500 has shed 0.49%.
On Thursday, space-related companies traded lower, potentially in sympathy with Carpenter Technology Corp (NYSE:CRS) after its earnings report. A sell-off following SpaceX’s post-earnings rally is also weighing on peers.
SpaceX Results and Sector Sympathy
SpaceX reported its third-quarter financial results after Tuesday’s market close, posting revenue of $14.58 billion versus expectations of $12.74 billion. Earnings per share (EPS) reached 35 cents, beating analyst expectations of 12 cents.
On Thursday, Carpenter Technology reported first-quarter adjusted EPS of $3.25, beating the $3.14 estimate, while sales of $798.200 million missed the $830.771 million estimate, according to Benzinga Pro.
ViaSat Spectrum Dispute Mounts
ViaSat opposed AST SpaceMobile’s request for additional overseas spectrum this week. ViaSat described the proposal as “fatally flawed” over potential interference and restrictions affecting proposed frequencies.
AST SpaceMobile said its international operations would require local regulatory approvals and that technical safeguards are designed to minimize interference.
Technical Analysis
ASTS is still in a pronounced downtrend across every major moving average, trading 25.5% below its 20-day SMA, 34.6% below its 50-day SMA, 42.7% below its 100-day SMA, and 52.2% below its 200-day SMA. That kind of separation typically signals persistent distribution rather than a simple dip-buying setup.
The moving-average structure reinforces the bearish bias: the 20-day SMA is below the 50-day SMA, and the stock has been in a Death Cross regime since July (50-day SMA below the 200-day SMA).
On momentum, RSI is the cleanest read right now: at 26.51, it’s oversold, suggesting the sell-off is stretched and may be due for a bounce or at least a pause.
- Key Resistance: $50.56
- Key Support: $36.83
ASTS Stock Price Activity: AST SpaceMobile shares were up 0.90% at $39.12 at the time of publication on Friday, according to Benzinga Pro data.
Photo by PJ McDonnell via Shutterstock
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