Why AST SpaceMobile, Inc. (ASTS) Went Down Today

We recently published a list of These 10 Stocks Were Sold Down Today, And Here’s Why. In this article, we are going to take a look at where AST SpaceMobile, Inc. (NASDAQ:ASTS) stands against other stocks that were sold down today.

Ten mid-cap stocks were sold down on Monday, bucking a wider market optimism, amid the lack of catalysts to spark buying appetite, while investors continued to digest the firms’ own developments affecting their businesses.

The Dow Jones rose by only 0.32 percent, while the S&P 500 and the tech-heavy Nasdaq each inched up by 0.09 percent and 0.02 percent, respectively. Meanwhile, the 10 companies booked losses as high as 5 to 16 percent.

In this article, we list the names of the worst-performing stocks and detail the reasons behind their decline.

To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.

AST SpaceMobile, Inc. (NASDAQ:ASTS)

AST SpaceMobile declined by 7.69 percent on Monday to end at $24.61 apiece amid the lack of fresh catalyst to boost investment appetite, as investors soured on its mixed earnings performance in the first quarter of the year.

In its earnings release, net loss attributable to shareholders expanded by 132 percent to $45.7 million from $19.7 million registered in the same period last year.

Revenues, on the other hand, increased by 43.6 percent to $718,000 from $500,000 year-on-year.

Total operating expenses also grew by 13.7 percent to $63.68 million from $56 million in the same comparable period.

Looking ahead, AST SpaceMobile, Inc. (NASDAQ:ASTS) expects to realize revenues between $50 million and $75 million from its Advanced SpaceMobile network commercialization efforts in the second half of the year.

“Today, we are at an inflection point for the company. We have ramped up manufacturing capacity and are now able to announce our plans to support five scheduled orbital launches over the next six to nine months. Commercially, we have also expanded our U.S. Government opportunity and are in a position to start generating meaningful revenue during 2025,” said AST SpaceMobile, Inc. (NASDAQ:ASTS) Chairman and CEO Abel Avellan.

Overall, ASTS ranks 6th on our list of stocks that were sold down today. While we acknowledge the potential of ASTS as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ASTS but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.