AST SpaceMobile Stock Falls From Highs Before Earnings

Core Insights - AST SpaceMobile Inc (NASDAQ:ASTS) has experienced a decline from its record high of $102.79 on October 16, currently trading at $66.68, down 5.3% [1] - Despite the recent pullback, the stock has shown strong year-to-date performance with a 214.8% increase [1] - The company has issued $1 billion in convertible senior notes, which has negatively impacted market sentiment [1] Stock Performance - ASTS has a history of significant post-earnings volatility, averaging a 24.8% swing in the next trading day over the past two years [2] - The options market is currently pricing in a 19% move for the upcoming earnings report [2] - In the last eight quarters, the stock finished positively in five instances [2] Short Interest and Trading Dynamics - Short interest in ASTS has decreased by 12.5% over the last two weeks, but still represents 18.1% of the stock's available float [2] - It would take approximately three days for short sellers to cover their positions based on the average daily trading volume [2] Upcoming Earnings Report - The company is set to release its third-quarter earnings report on November 10, with Zacks Research predicting a loss of 18 cents per share and revenue of $20.74 million [3] - The report will also reflect the company's recent acquisition of global S-Band spectrum rights for $64.5 million [3]