ASTS Stock Recent News
ASTS LATEST HEADLINES
This year, the space-based cellular connectivity provider has scored some big deals with AT&T and Verizon.
Momentum trading is one of the most powerful investing methods. Stock Strategist Andrew Rocco explains why space, China, and nuclear stocks provide the best momentum in the current market environment.
It's a busy and exciting time for the space industry. Space stocks—companies that are engaged in activities related to space exploration—have experienced a major boost thanks to high-profile news stories.
ASTS appears to be treading in the middle of the road and new investors could be better off if they trade with caution.
AST SpaceMobile has shown extreme volatility, rising from $2 to $39 and settling at $25, driven by retail traders and high short interest. Despite the current lack of revenue, ASTS has significant potential in satellite broadband services, likened to a development-stage biotech with a promising product. Technical indicators show bullish momentum, with strong support at $23 and high short interest potentially leading to a short squeeze.
Dublin, Oct. 11, 2024 (GLOBE NEWSWIRE) -- The "5G Satellite Integration: Development and Trends" report has been added to ResearchAndMarkets.com's offering.
AST SpaceMobile is going to report earnings in early to mid-November. Should you buy it before the quarterly update?
In the most recent trading session, AST SpaceMobile, Inc. (ASTS) closed at $23.84, indicating a -1.1% shift from the previous trading day.
Shares of AST SpaceMobile Inc (ASTS, Financial) fell 2.99% in mid-day trading on Oct 2. The stock reached an intraday low of $23.01, before recovering slightly to $23.39, down from its previous close of $24.11.
Backing from notable companies has helped AST SpaceMobile begin launching commercial satellites. The stock's current valuation already accounts for revenue that's potentially years away.