AST SpaceMobile TodayASTSAST SpaceMobile$28.45 -4.63 (-14.00%) 52-Week Range$1.97▼$39.08Price Target$43.73Add to WatchlistAST SpaceMobile NASDAQ: ASTS has been on an incredible tear in 2024, surging nearly 450% YTD. It has also sidestepped recent market weakness and displayed remarkable relative strength, particularly in the last quarter, where it gained close to 300% versus the technology sector's negative return in the same period. The company's rapid rise has raised questions about whether there's still ...

The company just said it doesn't need to sell stock -- but will it go ahead and sell $400 million worth anyway?The story around AST SpaceMobile (ASTS -17.13%) keeps getting curiouser and curiouser.In an article published Wednesday, I suggested that after its dramatic spike in share price in recent months, the satellite communications start-up should logically now sell a lot of stock and raise a lot of cash.Just hours later, AST denied that it had any such intention, saying that it has all the cash it needs ...

Vasil Dimitrov/E+ via Getty Images Since I last covered AST SpaceMobile (NASDAQ:ASTS) in March this year, it has surged by 940% giving credence to my bullish thesis where I had emphasized how it would soon reach the commercialization phase, or become revenue-generating. Looking at the price action, after soaring to $38.6 it had retrenched back to below $30 before recouping some of its losses to trade around $35.32 at the time of writing. Data by YCharts This thesis shows the upside should continue and f ...

AST SpaceMobile confirms: We have all the cash we need... for now.In a column this morning, I argued AST SpaceMobile (ASTS 14.59%), the former space special purpose acquisition company (SPAC) that now aims to build a constellation of 168 communications satellites costing at least $3 billion, should sell a lot of stock quickly, to raise the cash it needs.A couple of hours later came AST's response: "No thanks. We're good." I paraphrase, but that's what AST's announcement boils down to. With $440 million in p ...

AST stock is up 13x in four months. The smart move now is (for AST) to sell its stock.From an initial public offering (IPO) price near $10 in 2021 to its post-IPO nadir closer to $2 earlier this year, direct-to-cell (DTC) satellite communications company AST SpaceMobile (ASTS 1.27%) has taken investors on quite the wild ride these past few years.Thanks largely to support from big telecom names like AT&T (T 2.66%) and Verizon (VZ 2.75%), however, AST stock went parabolic in 2024. The company's gone from oper ...

There are 3.5 billion reasons to get to know AST SpaceMobile.Long-term investors shouldn't make decisions about buying or selling a stock based on a single event. Data from a quarterly earnings report, for example, should be monitored, reviewed, and added to an investor's mental database. But a quarterly report is just a single snapshot of the company's business.Yet in the case of AST SpaceMobile (ASTS -0.72%), there is one upcoming event to which investors looking for a growth opportunity should be paying ...

Can a fast-growing (but money-losing) start-up outcompete the biggest name in space?If you know anything at all about SpaceX and its Starlink program, you probably know that it's Elon Musk's master plan to bring satellite internet service to everyone on Earth -- and magnify SpaceX's profits in the process, so as to fund his plan to colonize Mars.If you know just a little more about Starlink, you know it's already evolved beyond this original plan. The U.S. military and others are already starting to throw m ...

You may recognize the name, but do you know what the company is trying to achieve?Share prices of AST SpaceMobile (ASTS -0.72%) have skyrocketed about 460% since the start of the year. To say that the growth stock has drawn considerable investor interest would be a gross understatement. But while onlookers may be impressed with the stock's meteoric rise, many still wonder what it is exactly that the company does.Let's take a closer look at AST SpaceMobile to see what has the market so excited.The ABCs of AS ...

Investors were willing to take a chance on this highly speculative telecom company.A significant price target increase from an analyst helped send AST SpaceMobile (ASTS 4.95%) well higher on the second-to-last trading day of the week. Bulls piled into the company, a unique operator that aims to establish a broadband cellular network in space, boosting its stock price by nearly 5% on the day. By contrast, the S&P 500 index only traded flat across the session.A significant price target increase from a punditT ...

This analyst thinks AST SpaceMobile will become the leading global wireless company.Excitement is growing for AST SpaceMobile's (ASTS -8.90%) initial commercial satellite launch in the first half of September. The stock has soared in anticipation of the launch of the company's five commercial BlueBird satellites, which are in Cape Canaveral awaiting the upcoming launch window.Scotiabank analyst Andres Coello thinks investors should own AST stock for several reasons and just raised his price target from $28 ...