Streetbeat News

ASTS

AST SpaceMobile, Inc.

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

25.55

Mkt cap

6.9B

Volume

919K

High

26.11

P/E Ratio

-10.86

52-wk high

39.08

Low

24.48

Div yield

N/A

52-wk low

1.97

U.S. stocks traded higher with the S&P 500 gaining 1.5%. Alibaba reported weak revenue, missing analyst estimates. Cingulate, AST SpaceMobile, and Gambling.com saw significant stock price increases, while Turnstone Biologics, SIGA Technologies, and Terran Orbital experienced sharp declines.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 6:23 pm

Wall Street experienced a strong risk-on session driven by positive economic data, including robust retail sales and a decline in jobless claims. This led to a shift in expectations for Federal Reserve rate cuts, causing bond yields to rise and impacting various ETFs and stocks.

Portfolio Pulse from Piero Cingari

August 15, 2024 | 5:04 pm

The Russell 2000 is experiencing its strongest session in a month, driven by positive economic data that has alleviated recession fears. The iShares Russell 2000 ETF (IWM) rose 2.8%, with retail sales and jobless claims exceeding expectations. Top performers in the Russell 2000 include AST SpaceMobile, Accuray, Gambling.com, Perpetua Resources, and Telos Corporation, while Terran Orbital, SIGA Technologies, Spire Global, B. Riley Financial, and Titan Machinery were the top losers.

Portfolio Pulse from Piero Cingari

August 15, 2024 | 4:56 pm

U.S. stocks traded higher with the Nasdaq Composite gaining over 2%. Walmart reported strong Q2 results and raised full-year guidance. Cingulate, AST SpaceMobile, and SciSparc saw significant stock price increases, while Turnstone Biologics, SIGA Technologies, and Terran Orbital experienced sharp declines.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 4:27 pm

AST SpaceMobile Inc (NASDAQ:ASTS) shares surged on Thursday following the company's second-quarter financial results. Despite reporting a larger-than-expected loss of 51 cents per share, the company is on track to launch five satellites in early September. Analysts from B. Riley Securities and UBS maintained Buy ratings and raised their price targets.

Portfolio Pulse from Adam Eckert

August 15, 2024 | 3:14 pm

U.S. stocks saw significant gains on Thursday, with the Dow Jones index rising by around 350 points. Cisco Systems, Inc. (NASDAQ:CSCO) led the charge with an 8.4% increase following better-than-expected earnings. Other notable gainers included AST SpaceMobile, Inc. (NASDAQ:ASTS), Gambling.com Group Limited (NASDAQ:GAMB), and Ulta Beauty, Inc. (NASDAQ:ULTA), among others.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 2:46 pm

AST SpaceMobile shares are trading higher following the company's announcement that its first five commercial satellites are on target for an orbital launch in the first half of September.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 2:13 pm

AST SpaceMobile Inc (NASDAQ:ASTS) reported a Q2 loss, missing analyst estimates. Despite this, the company received a $100 million investment from Verizon and has significant liquidity. Analysts from B. Riley Securities and UBS raised their price targets for ASTS.

Portfolio Pulse from Avi Kapoor

August 15, 2024 | 1:22 pm

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:15 pm

UBS analyst Christopher Schoell maintains a Buy rating on AST SpaceMobile (NASDAQ:ASTS) and raises the price target from $13 to $30.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 1:06 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.