ASTS Declines 15.6% in the Past 3 Months: Reason to Worry?

Key Takeaways ASTS shares declined 15.6% in three months, underperforming the industry and rivals AVNW and CMTL. Disappointing Q1 results and macro headwinds are hurting ASTS' performance and investor sentiment. ASTS launched five Bluebird satellites and secured deals with ATAST SpaceMobile, Inc. (ASTS) has plunged 15.6% over the past three months against the industry’s growth of 2.8%. It has also underperformed its peers like Aviat Networks, Inc. (AVNW) and Comtech Telecommunications Corp. (CMTL) over th ...