--- title: "Weekly Recap | AST SpaceMobile -3.93%, spike-and-fade week" type: "News" locale: "en" url: "https://longbridge.com/en/news/298799215.md" description: "AST SpaceMobile (ASTS) closed the week at $59.86, down 3.93%. The S&P 500 fell 0.8%, so ASTS underperformed by about 3.13 percentage points. The stock opened the week at $63.16, climbed to an intraday high of $67.20 on Tuesday, 8 September, and then retreated through the rest of the week. Thursday’s low was $59.865, and Friday’s session held a narrow $59.20-$61.34 range before finishing at $59.86. Weekly amplitude was 12.67%, and average daily volume was 8.86m shares, about 26." datetime: "2026-09-12T07:42:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/298799215.md) - [en](https://longbridge.com/en/news/298799215.md) - [zh-HK](https://longbridge.com/zh-HK/news/298799215.md) generator: "portal-rs" --- # Weekly Recap | AST SpaceMobile -3.93%, spike-and-fade week ## The Week AST SpaceMobile (ASTS) closed the week at $59.86, down 3.93%. The S&P 500 fell 0.8%, so ASTS underperformed by about 3.13 percentage points. The stock opened the week at $63.16, climbed to an intraday high of $67.20 on Tuesday, 8 September, and then retreated through the rest of the week. Thursday’s low was $59.865, and Friday’s session held a narrow $59.20-$61.34 range before finishing at $59.86. Weekly amplitude was 12.67%, and average daily volume was 8.86m shares, about 26.93% below the median, pointing to a low-volume pullback rather than a broad distribution week. ## Key Events The week’s story centred on Europe’s launch breakthrough and the FCC satellite testing window. On Monday, 7 September, reports linked AST SpaceMobile to progress in European launches. On Tuesday, 8 September, ASTS jumped more than 7% intraday, with Berenberg initiating coverage with a buy rating. On Wednesday, 9 September, the company was reported to be seeking more satellite tests, while European giants were said to be weighing a Starlink rival. ASTS touched a near three-week high before sentiment turned. From midweek, the broader space sector mixed and then sold off, with ASTS down nearly 5% on Thursday. Near the weekend, reports said the company wants to extend its 30-day FCC satellite testing window. The stock bounced slightly in Friday’s premarket but still closed at $59.86. The week’s own catalysts were satellite testing and competitive chatter; the price action largely tracked the space complex. ## Analyst Ratings Fourteen brokers cover the stock: 4 rate it buy, 1 overweight, 7 hold, 1 underweight and 1 sell. The consensus rating is hold, with a consensus target of $79.608, about 32.99% above the current price. Targets range from $42.50 to $108.00, a wide spread that shows little agreement on fair value. Within the telecom services industry, ASTS ranks 9 out of 57. The mix is balanced but slightly cautious: five buy or overweight against seven hold and two underweight or sell. ## The Week Ahead The macro calendar is busy. On Tuesday, 15 September, the New York Fed manufacturing index prints, with a forecast of 14.75 versus 20.6 prior. Wednesday, 16 September brings retail sales, retail sales ex-autos, the NAHB housing market index and EIA crude stock data. Retail sales are expected at 0.9% versus -0.6% prior, while NAHB is seen at 34 versus 35 before. Two threads to watch: whether the FCC satellite testing window gets extended, and whether the retail sales prints shift risk appetite across high-beta names. ## In Short ASTS posted a spike-and-fade week: Tuesday’s pop above $67 was given back by Friday’s close under $60. The analyst picture is guarded but not outright negative: consensus hold, a target roughly a third above spot, yet targets ranging from $42.50 to $108.00 show the disagreement. Valuation sits at -37.65x P/E and 12.30x P/B, with a market cap near $23.30bn. The latest session’s flow showed large-lot money on the net sell side while small-lot activity stayed firmer, though that is a single-day snapshot, not a weekly total. The next catalysts are the FCC testing window outcome and the coming macro data’s effect on risk sentiment. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [ASTS.US](https://longbridge.com/en/quote/ASTS.US.md) - [ASUP.US](https://longbridge.com/en/quote/ASUP.US.md) - [ASTX.US](https://longbridge.com/en/quote/ASTX.US.md) - [ASTN.US](https://longbridge.com/en/quote/ASTN.US.md) ## Related News & Research - [Reddit COO Jennifer L. Wong disposes of 59,? shares worth USD 8.25 million](https://longbridge.com/en/news/299240397.md) - [Own Coca-Cola by Sept. 15 to Qualify for the Oct. 1 Dividend. Is the Real Prize Holding Enough Shares for $1,000 in Yearly Passive Income?](https://longbridge.com/en/news/298994615.md) - [Here Are the Companies in Nvidia's $99 Billion Artificial Intelligence (AI) Portfolio. 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