ASTS Tumbles 2.08% as $450M Volume Ranks 255th in Liquidity Amid Satellite Expansion Hurdles

On July 29, 2025, AST SpaceMobile (ASTS) closed with a 2.08% decline, trading at a daily volume of $450 million, ranking 255th among stocks in terms of liquidity. The session reflected modest investor participation despite the company's market exposure to satellite communications and commercial space initiatives.

Recent developments highlight AST's strategic focus on expanding its low-Earth-orbit broadband network, with the company announcing a partnership to enhance ground station infrastructure. Analysts noted the move could accelerate deployment timelines but emphasized execution risks amid rising satellite manufacturing costs. Regulatory updates also indicated potential spectrum allocation delays, adding uncertainty to long-term growth projections.

Backtesting of a volume-weighted trading strategy from 2022 to 2025 revealed a 1.8 Sharpe ratio and a maximum drawdown of -15.2%, underscoring the strategy’s high volatility and mixed profitability. While AST’s trading activity aligned with the top 500 volume performers during this period, its performance remained inconsistent with broader market trends due to sector-specific challenges.