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

AST SpaceMobile shares are trading higher after the company received FCC approval to launch its first five commercial BlueBird satellites.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 3:04 pm

AST SpaceMobile (NASDAQ:ASTS) shares are rising after the company received FCC approval to launch its first five commercial BlueBird satellites. This regulatory milestone allows AST SpaceMobile to use V, S, and UHF frequencies for satellite operations, aiming for nationwide coverage in the U.S. The company has completed manufacturing and testing the satellites, with a launch planned for September.

Portfolio Pulse from Dylan Berman

August 05, 2024 | 2:52 pm

AST SpaceMobile has received FCC approval to launch its first five commercial BlueBird satellites, marking a significant milestone for its space-based cellular network. The license allows AST SpaceMobile to operate various frequencies for essential satellite operations.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 11:16 am

Six mid-cap stocks, including AST SpaceMobile, Goosehead Insurance, ViaSat, Viking Therapeutics, Beam Therapeutics, and Celldex Therapeutics, were the top performers last week. AST SpaceMobile saw a 47.88% increase, Goosehead Insurance rose by 39.86%, ViaSat escalated by 30.78%, Viking Therapeutics grew by 29.86%, Beam Therapeutics increased by 23.93%, and Celldex Therapeutics rose by 19.72%.

Portfolio Pulse from Lekha Gupta

July 28, 2024 | 6:17 pm

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares are trading higher, having gained over 368% in the past year. The company will hold a quarterly business update on August 14 and has completed its first five commercial satellites, ready for shipment. AST SpaceMobile has strategic partnerships with Verizon (NYSE:VZ) and AT&T (NYSE:T).

Portfolio Pulse from Nabaparna Bhattacharya

July 26, 2024 | 3:27 pm

Norfolk Southern Corporation (NSC) and several other major stocks saw significant gains on Friday following better-than-expected earnings reports and other positive news. The Dow Jones index also rose by over 600 points.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 3:04 pm

On Thursday, major U.S. indices showed mixed results. The Dow Jones increased by 0.2%, while the S&P 500 and Nasdaq fell by 0.5% and 0.9%, respectively. Key stocks on investors' radars included Walt Disney, Eli Lilly, AST SpaceMobile, DexCom, and Tesla. Disney's stock fell by 0.66% despite ESPN securing a major NBA broadcasting deal. Eli Lilly's stock dropped by 4.50% due to competition in obesity treatment. AST SpaceMobile's stock surged by 24.55% after completing its first five commercial satellites. DexCom's stock declined by 3.65% due to mixed Q2 results and weak guidance. Tesla's stock rose by 1.97% despite facing revenue and earnings challenges.

Portfolio Pulse from Benzinga Neuro

July 26, 2024 | 2:42 am

Edwards Lifesciences Corporation (NYSE:EW) shares fell sharply after reporting worse-than-expected Q2 sales and issuing weak Q3 guidance. Despite beating EPS estimates, the stock dipped 26.9%. The company also acquired JenaValve and Endotronix. Other notable movers include Predictive Oncology Inc. (NASDAQ:POAI), Psyence Biomedical Ltd. (NASDAQ:PBM), and Ford Motor Company (NYSE:F).

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 6:12 pm

U.S. stocks saw significant gains on Thursday, with the Dow Jones index rising over 1%. IBM led the charge with a 6.4% increase following strong quarterly earnings. Other notable gainers included Viking Therapeutics, AST SpaceMobile, Bally’s Corporation, and ServiceNow, among others.

Portfolio Pulse from Avi Kapoor

July 25, 2024 | 4:59 pm

AST SpaceMobile Inc (NASDAQ:ASTS) shares are rising after the company announced the successful completion of its first five commercial satellites, called Bluebirds. These satellites are ready for shipment to Cape Canaveral in early August, with a launch window in September. The Bluebird satellites have undergone rigorous testing and will provide U.S. nationwide non-continuous service with over 5,600 cells in premium low-band spectrum, with a planned 10-fold increase in processing bandwidth.

Portfolio Pulse from Adam Eckert

July 25, 2024 | 1:22 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.