NEW YORK, May 30, 2024 /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against AST SpaceMobile, Inc. ("AST" or the "Company") (NASDAQ: ASTS).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.The class action concerns whether AST and certain of its officers and/o ...

With two big telecom customers, AST SpaceMobile stock looks more buyable -- but it's not yet a sure thing.AST SpaceMobile (ASTS 43.90%) stock is on a roll. Two weeks ago, this tiny telecommunications start-up signed a deal with AT&T (T -0.55%) to provide AT&T customers cellphone-to-cellphone broadband internet connections via AST SpaceMobile satellites in orbit. This morning, AST announced it will also extend this relationship to Verizon (VZ -0.70%) customers.AST SpaceMobile stock jumped 35% on the news (th ...

AST SpaceMobile (NASDAQ:ASTS) stock is on the rise Wednesday after the space-based wireless phone service company announced a deal with Verizon (NYSE:VZ).This deal has AST SpaceMobile agreeing to supply Verizon customers with its direct-to-cellular AST SpaceMobile service when needed. It also comes with a $100 million commitment from Verizon.AST SpaceMobile founder, chairman and CEO Abel Avellan said the following about the deal.“This new partnership with Verizon will enable AST SpaceMobile to target 100% c ...

Satellite-to-phones service provider AST SpaceMobile announced a partnership with Verizon on Wednesday, adding to the company's recent deal with AT&T to provide remote coverage across the United States.AST SpaceMobile is building satellites to provide broadband service to unmodified smartphones, in the nascent "direct-to-device" communications market.The company's chairman and CEO, Abel Avellan, touted AST's agreements with Verizon and AT&T as "essentially eliminating dead zones and empowering remote areas ...

Which of these three space stocks will win the profitability race?After a long holiday weekend, shares of U.S. space stocks took off like rockets on Tuesday. As of 1:20 p.m. ET, AST SpaceMobile (ASTS 6.09%) had gained 6.3% and seemed poised to resume its winning streak. Rocket Lab USA (RKLB 5.47%) wasn't far behind, up 5.6% after announcing a successful weekend rocket launch.Best of all was Virgin Galactic (SPCE 22.52%) stock. On Monday, multiple news outlets reported that the Swiss National Bank has been b ...

Investors with different risk tolerances might see the stock differently.Some Wall Street analysts insist AST SpaceMobile (ASTS 7.60%) is a winner despite having no earnings.AST's first-quarter earnings before interest, taxes, depreciation, and amortization (EBITDA) were negative $42.42 million. The cash flow statement for the same period listed negative $53.12 million in free cash flow.It's no surprise when new and relatively young growth companies fail to turn a profit in their first few years. These comp ...

LOS ANGELES, May 24, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against AST SpaceMobile, Inc. ("AST SpaceMobile" or "the Company") (NASDAQ: ASTS) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between November 14, 2023 and April 1, 2024, inclusive (the "Class ...

NEW YORK, May 22, 2024 /PRNewswire/ --WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of AST SpaceMobile, Inc. (NASDAQ: ASTS) between November 14, 2023 and April 1, 2024, both dates inclusive (the "Class Period"), of the important June 17, 2024 lead plaintiff deadline.SO WHAT: If you purchased AST SpaceMobile securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. ...

Core Viewpoint - AST SpaceMobile is gaining attention on Wall Street following a significant partnership with AT&T, which is expected to enhance its satellite-based communication services for smartphones, leading to a notable increase in stock price and optimistic projections from analysts [1][2]. Group 1: Company Developments - AST SpaceMobile is developing technology to connect smartphones to its satellite network, enabling voice calls and data services in areas without cellular coverage, eliminating the need for expensive satellite phones [2]. - The recent partnership with AT&T is a crucial step for AST, as it prepares for the rollout of its services this summer, marking a significant milestone in its commercial launch efforts [2]. - Deutsche Bank analyst Bryan Kraft has raised the price target for AST shares from $19 to $22, highlighting the stock's "asymmetric risk-reward" profile, with the current trading price at $4.03 [2]. Group 2: Market Performance - Following the announcement of the partnership, AST SpaceMobile's stock experienced a 19% increase by 11 a.m. ET, reflecting positive market sentiment [1]. - Historically, AST shares traded above $12 two years ago, indicating potential for significant growth as the company moves closer to commercial viability [3]. - Despite the optimistic outlook, the company still faces challenges in proving its business model and technology, suggesting that investors should remain cautious [3].

AST SpaceMobile, Inc. (NASDAQ:ASTS) Q1 2024 Earnings Conference Call May 15, 2024 5:00 PM ET Corporate Participants Scott Wisniewski - Chief Strategy Officer Abel Avellan - Chairman and Chief Executive Officer Sean Wallace - Chief Financial Officer Conference Call Participants Mike Crawford - B. Riley Securities Brian Kraft - Deutsche Bank Andres Coello - Scotiabank Chris Schoell - UBS Chris Quilty - Quilty Analytics Operator Good day and thank you for standing by. Welcome to the AST SpaceMobile First Quart ...