Pomerantz LLP Investigates Claims for AST SpaceMobile Investors
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy ASTS?
Source: PRnewswire
- Securities Fraud Investigation: Pomerantz LLP is investigating claims on behalf of AST SpaceMobile, Inc. investors, focusing on whether the company and its executives have engaged in securities fraud or other unlawful business practices, which could severely undermine investor confidence.
- Rating Downgrade Impact: On January 7, 2026, Scotiabank downgraded AST to Sell, citing significant competition from SpaceX's Starlink, slow customer adoption, and satellite launch delays, resulting in a stock price drop of $11.76, or 12.06%, on that day.
- Market Reaction: Following the downgrade, AST's stock closed at $85.73 per share, reflecting market concerns about the company's future prospects, which may affect its ability to raise capital and maintain market share.
- Legal Context: Pomerantz LLP, recognized as a leading firm in securities class action litigation, has recovered numerous multimillion-dollar damages for victims, highlighting its strong influence and expertise in securities fraud cases.
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Analyst Views on ASTS
Wall Street analysts forecast ASTS stock price to fall
9 Analyst Rating
4 Buy
3 Hold
2 Sell
Hold
Current: 82.220
Low
43.00
Averages
74.26
High
100.00
Current: 82.220
Low
43.00
Averages
74.26
High
100.00
About ASTS
AST SpaceMobile, Inc. is engaged in building a global cellular broadband network in space to operate directly with standard, unmodified mobile devices based on its intellectual property (IP) and patent portfolio and designed for both commercial and government applications. The Company is engaged in designing and developing the constellation of BlueBird (BB) satellites and has planned space-based Cellular Broadband network distributed through a constellation of low Earth orbit (LEO) satellites. Its SpaceMobile Service is being designed to provide high-speed cellular broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices. The Company intends to continue testing capabilities of the BW3 test satellite, including further testing with cellular service providers and the government. The Company has operations in India, Scotland, Spain, and Israel.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Capital Expenditure Needs: AST SpaceMobile still requires significant capital to complete its satellite array construction, planning to use part of the additional capital to accelerate the deployment of controlled spectrum bands globally, indicating urgency in expanding service capabilities.
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