AST SpaceMobile was a stock darling in August, but not so far in September.In the run-up to AST SpaceMobile's (ASTS -0.65%) most important satellite launch to date, investors piled into the stock. Shares of the company soared 40.4% in August, according to data provided by S&P Global Market Intelligence. That came as the maker of satellites for space-based cellular broadband prepares for the launch of its first five commercial satellites as early as this week.But investors may have gotten ahead of themselves ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Shares in this satellite company have risen over 450% in 2024. Can the rally continue?With its shares up over 450% year to date, AST SpaceMobile (ASTS -8.22%) has caught the attention of growth-hungry investors looking for the next big thing. The Texas-based satellite maker is rapidly moving toward launching its first satellites into low Earth orbit, and full commercial operations could soon follow. Let's explore what the next 12 months could have in store for the company and its shareholders. What is AST S ...

AST SpaceMobile stock has had an incredible year so far.In today's video, I will be talking about the recent updates regarding AST SpaceMobile (ASTS -8.22%). Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Sept. 6, 2024. The video was published on Sept. 6, 2024. ...

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 ...