AST SpaceMobile advances global network expansion as stock falls 2.1%

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23.10.2026

AST SpaceMobile advances global network expansion as stock falls 2.1% — AST SpaceMobile stock falls 2.1% today

AST SpaceMobile is moving forward with its plan for global satellite-based cellular coverage, with over 60 gateways in development and initial service targeted in the U.S. and other major markets before the end of 2026. The stock is down 2.1% on the day at $37.9.

ASTS price prediction

24H 3.06%

$33.32

48H 2.01%

$32.98

7D 4.45%

$33.77

1M -53.48%

$15.04

3M -48.31%

$16.71

6M -47.97%

$16.82

12M -64.74%

$11.4

Current price: $32.33 2.16 7.14%

Closed 11/06

Daily range 27.73

33.13

Weekly range 27.73

40.86

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Highlights

AST SpaceMobile is building more than 60 satellite gateways with the goal of providing worldwide cellular coverage beginning in the U.S. and major markets by year-end 2026.
The company is partnering with over 60 mobile network operators to reach more than 3 billion subscribers globally.
Shares of AST SpaceMobile fell 2.1% to $37.9, with 17 of 53 analysts rating the stock a buy and a median price target of $78.

AST SpaceMobile stated its global network now includes over 60 gateways either completed, being installed or in planning. Initial, intermittent satellite coverage is targeted before year-end 2026 in the U.S. and other key international markets. On October 20, 2026, the company announced it is working with more than 60 mobile network operators to enable connectivity for over 3 billion subscribers worldwide, according to GuruFocus.

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Bearish structure holds as price tests oversold support

Price is testing support from the weekly low at $37.83 without breaking below. The overall structure remains bearish, as shares of AST SpaceMobile continue to trade below their MA-20, MA-50, and MA-200. With RSI at 28.8 in oversold territory, there is limited room for further downside and conditions are stretched to the downside.

Downside risk dominates as odds lean heavily negative

Traders should watch whether price can hold above $37.83 to determine if the event is being absorbed into the chart. Price is currently hovering at support from the weekly low, attempting to hold that level without a clear breakdown. Over the next five trading days, the probability of upside is less than 20%, while downside probability is more than 80%, with an expected trading range between $35.3 and $40.49. Still, a close above $43.64 would confirm buying interest, while a drop below $37.83 would suggest sellers are regaining control. On the weekly chart the longer-term picture stays negative.

Previously it was reported that AST SpaceMobile faced ongoing bearish momentum amid regulatory and competitive challenges, with its share price under sustained pressure across key technical indicators. The current article reinforces this negative technical outlook and highlights that a decisive move below the $37.83 weekly support would increase downside risk for traders monitoring the stock.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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