Streetbeat News

ASTS

AST SpaceMobile, Inc.

https://ast-science.com

Industry

Communication Equipment

AST SpaceMobile, Inc. operates space-based cellular broadband network for mobile phones. Its SpaceMobile service provides mobile broadband services for users traveling in and out of areas without terrestrial mobile services on land, at sea, or in flight. The company is headquartered in Midland, Texas.

Open

26.55

Mkt cap

8.9B

Volume

8.4M

High

28.25

P/E Ratio

-14.51

52-wk high

39.08

Low

25.70

Div yield

N/A

52-wk low

1.97

In August, several mid-cap stocks showed significant performance. Polestar Automotive, Upstart Holdings, and Lumen Technologies were among the top performers, with notable stock price increases due to strong quarterly results and strategic developments.

Portfolio Pulse from Lekha Gupta

September 08, 2024 | 6:09 pm

The article highlights unusual options activity for several communication services stocks, indicating potential trading opportunities. Notable movements include bearish sentiment for META, RBLX, ASTS, CMCSA, PARA, TTWO, VZ, and DIS, while GOOGL and SIRI show bullish sentiment.

Portfolio Pulse from Benzinga Insights

September 06, 2024 | 5:35 pm

The top trending stocks on WallStreetBets as of September 6, 2024, include NVDA, TSLA, AVGO, WAY, MADE, AI, QQQ, ASTS, LOT, and AAPL. This data is sourced from Swaggy Stocks, which tracks ticker sentiment on the platform.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 1:19 pm

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares are plummeting due to a prospectus filing for the sale of up to $400 million in Class A common stock. The company plans to use the proceeds for general corporate purposes. ASTS shares are down 13.6% at $28.59. Investors can gain exposure through ETFs like Procure Space ETF (NASDAQ:UFO) and Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:PTF).

Portfolio Pulse from Lekha Gupta

September 05, 2024 | 3:31 pm

AST SpaceMobile shares declined after the company filed a prospectus for the potential sale of up to $400 million in Class A common stock. The company does not intend to offer this stock in FY24.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:29 pm

AST SpaceMobile has filed a prospectus for the potential offer and sale of up to $400 million of its Class A common stock. This move indicates the company's intention to raise capital, which could be used for various corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:27 pm

The article lists the top 10 trending stocks on WallStreetBets as of September 5, 2024, according to Swaggy Stocks. The stocks mentioned include NVDA, TSLA, WAY, MADE, ASTS, INTC, LOT, LUNR, AVGO, and AI.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 1:17 pm

AST SpaceMobile announced that it has no plans to raise capital through an underwritten public equity offering until at least the end of 2024, and believes it has sufficient capital to execute its near-term operational initiatives.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 12:14 pm

Deutsche Bank analyst Bryan Kraft has maintained a Buy rating on AST SpaceMobile and significantly raised the price target from $22 to $63.

Portfolio Pulse from Benzinga Newsdesk

September 04, 2024 | 4:48 pm

AST SpaceMobile, Inc. (NYSE:ASTS) shares rose after confirming a September 12 launch for BlueBird Satellites, expecting to raise over $155 million from warrant redemptions. The satellites aim to provide cellular broadband service in the U.S. and select markets. ASTS shares increased by 10.4%.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 2:50 pm

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