Uncle Sam wants AST to help build it a missile defense system.Direct-to-cell satellite communications provider AST SpaceMobile (ASTS) ran up 16% through 10:05 a.m. ET Thursday after announcing, last night after close of trading, that the U.S. Space Development Agency (SDA, an arm of the Space Force) has chosen AST to participate in its new Hybrid Acquisition for Proliferated Low Earth Orbit (HALO) program.What this means for AST SpaceMobileThe initial award value is reported to be small -- just $20,000, acc ...

Investor excitement about AST SpaceMobile is up, pushing the stock to a 52-week high of $38. Could this satellite network provider go even higher?AST SpaceMobile (ASTS -1.23%) is one giant leap closer to the finish line. Based on the news flow around the company's plan to build a space-based broadband cellular network, the shares were bid up to around $38 in mid-August. Then, as is so common on Wall Street, investors got bored and moved on. AST SpaceMobile's stock currently trades at around $24 per share. I ...

AST SpaceMobile, Inc. (ASTS) closed at $28.49 in the latest trading session, marking a +0.96% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.02%. At the same time, the Dow added 0.38%, and the tech-heavy Nasdaq gained 0.04%. Shares of the company have depreciated by 0.28% over the course of the past month, underperforming the Computer and Technology sector's gain of 4.44% and the S&P 500's gain of 3.77%. The upcoming earnings release of AST SpaceMobile, Inc. will be of great inter ...

"A body in motion stays in motion." ~ Isaac Newton What is Momentum Stock Trading? Momentum traders are those investors who identify strong uptrends and bet they will continue to move in the same direction (which they tend to). These investors believe that, like paddling a canoe in a river, moving with the current is far easier than trying to fight it. Instead of attempting to catch the bottom, these investors are okay with missing part of the move to increase their risk-to-reward profile. If executed prope ...

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. In mid-October SpaceX, the privately-held launch service, spacecraft maker, and satellite company founded by Elon Musk, successfully completed a major milestone with its fifth Starship flight test, including the first time a large rocket has been caught mid-air. NASA also made headlines as its Europa Clipp ...

AST SpaceMobile, Inc. (ASTS) recently disclosed some fine print on how it plans to bill customers for availing its cellular satellite service. This Midland, TX-based broadband service provider, which is transforming connectivity with direct-to-cell technology leveraging the first & only space-based cellular broadband network, intends to charge users as a monthly add-on and through a "day pass" system that consumers can opt for whenever needed. The monthly add-on feature will charge a fixed monthly rate to a ...

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AST SpaceMobile is going to report earnings in early to mid-November. Should you buy it before the quarterly update?On Sept. 12, 2024, AST SpaceMobile (ASTS -6.57%) took a bold leap into the future. That was the day it announced the launch of its first five operational satellites and, basically, the beginning of its ability to generate revenue from a space-based broadband network that works with regular cell phones.The third quarter (ended Sept. 30) will be the first quarter in which the company provides an ...

Shares of AST SpaceMobile (ASTS, Financial) witnessed a notable rise, climbing 8.04% as the company made strides in its financial strategy. The uptick comes on the heels of a recent announcement related to its outstanding warrants.AST SpaceMobile (ASTS, Financial) recently filed an 8-K with the SEC to announce its decision to repurchase all publicly traded warrants. This strategic move follows the company's prior announcement to redeem these warrants for $11.50 per share or buy them back at $0.01 each. The ...

AST has removed the overhang of its outstanding warrants -- and collected a big bundle of cash to boot.After sliding lower all week long, shares of AST SpaceMobile (ASTS 8.05%) turned around and moved higher on Friday, gaining 5% through 10:45 a.m. ET. Why? Probably because of AST's 8-k filing with the SEC yesterday.More limited in focus than a 10-K filing, an 8-K highlights news important to a company. In this case, AST wanted to emphasize what it said in a press release issued Wednesday: It has officially ...