ASTS Stock Recent News
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In the latest trading session, AST SpaceMobile, Inc. (ASTS) closed at $23.76, marking a -1.29% move from the previous day.
ARR, ASTS and AIRYY have been added to the Zacks Rank #5 (Strong Sell) List on April 23, 2025.
AST SpaceMobile Inc. NASDAQ: ASTS is developing the world's first space-based cellular broadband network, with direct-to-device (D2D) technology enabling access through any standard smartphone. The computer and technology sector company has spent over a billion dollars and seven years to launch its first five Bluebird satellites into orbit.
AST SpaceMobile ( ASTS ) is a $7.4 billion provider of specialized communications satellites that offer cellular broadband connectivity directly to unmodified cell phones from space. The company claims they are building the world's first and only global cellular broadband network in space, accessible directly by standard smartphones (4G-LTE/5G devices) for commercial and government use, leveraging its extensive Intellectual Property and patent portfolio.
AST SpaceMobile's upcoming May launch of 1 BB2 satellite is a major catalyst as it represents a critical step towards offering continuous service. I expect AST to start continuous service in the US, Europe, and Japan in the second half of 2026, potentially leading to a major revenue ramp. AST's technology provides it with access to several non-dilutive funding sources, as well as lucrative revenue-generating government contracts.
AST SpaceMobile, Inc. (ASTS) reachead $23.28 at the closing of the latest trading day, reflecting a +0.61% change compared to its last close.
ASTS, ASEKY and ARTL have been added to the Zacks Rank #5 (Strong Sell) List on April 10, 2025.
ASTS, AMPY and ACA have been added to the Zacks Rank #5 (Strong Sell) List on April 7, 2025.
Investors sold off tech stocks hard on Monday, with the Nasdaq down 1.5% through 11:30 a.m. ET, versus drops of only 0.6% for the broader S&P 500 , and actually a tiny gain for the Dow Jones Industrial Average.
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