Market Slump Drags Down Share Prices of These 15 Companies

6. AST Space Mobile Inc. (ASTS)

Shares in AST Space Mobile declined by 7.13 percent on Friday to finish at $22.92 apiece amid the lack of catalyst to spark buying positions.

Despite the decline, several analysts remained bullish on the company’s growth performance moving forward, even earning a “buy” rating.

Last month, UBS Group boosted its target price for AST Space to $31 from $30 apiece, while B. Riley upped its target price to $36 from $26 each.

Deutsche Bank was the most bullish among all analysts, increasing its price target to $63 from $22.

AST SpaceMobile is a company engaged in designing and manufacturing satellites. It said it aims to develop the foundation for an increasingly interconnected society.