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

Scotiabank analyst Andres Coello maintains a Sector Outperform rating on AST SpaceMobile (NASDAQ:ASTS) and raises the price target from $7.4 to $12.9.

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 9:02 pm

Portfolio Pulse from Benzinga Newsdesk

May 30, 2024 | 1:17 pm

On Wednesday, key U.S. indices closed lower, with notable movements in stocks like Palantir Technologies, AST SpaceMobile, Salesforce, Disney, and Tesla. Palantir expanded its partnership with Eaton Corporation, AST SpaceMobile surged on news of a collaboration with Verizon, Salesforce reported mixed earnings, Disney faced executive departures, and Tesla saw speculation about Elon Musk's potential advisory role for Donald Trump.

Portfolio Pulse from Benzinga Neuro

May 30, 2024 | 2:04 am

The article highlights significant options activity for 10 communication services stocks, indicating potential trading opportunities. The stocks mentioned include META, ASTS, SNAP, GOOGL, DIS, NFLX, DJT, PARA, TTWO, and BILI, with varying sentiments and expiration dates.

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 5:35 pm

Bank of Montreal (NYSE:BMO) shares fell 7.1% after reporting worse-than-expected Q2 earnings. Other notable stock movements include ReShape Lifesciences Inc. (NASDAQ:RSLS) jumping 82.8% due to a new patent, and Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) falling 38.8% after disappointing revenue results.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 5:28 pm

Heico Corporation (HEI) posted strong second-quarter earnings, leading to a 4.6% rise in its stock price. Other notable gainers include AST SpaceMobile (ASTS), Ooma (OOMA), Surmodics (SRDX), Abercrombie & Fitch (ANF), and DICK'S Sporting Goods (DKS), among others.

Portfolio Pulse from Avi Kapoor

May 29, 2024 | 2:38 pm

Portfolio Pulse from Benzinga Newsdesk

May 29, 2024 | 1:20 pm

AST SpaceMobile Inc (NASDAQ:ASTS) shares surged after announcing a $100 million partnership with Verizon Communications Inc (NYSE:VZ) to provide direct-to-cellular service. The deal includes $65 million in commercial prepayments and $35 million in convertible notes. AST SpaceMobile also has agreements with over 45 mobile network operators globally. The stock is up 19.50% premarket.

Portfolio Pulse from Anusuya Lahiri

May 29, 2024 | 12:56 pm

On May 29th, Siyata Mobile, AST SpaceMobile, and Chewy experienced significant stock price increases due to positive news. Siyata Mobile received a large order from the City of Lancaster, AST SpaceMobile announced a partnership with Verizon, and Chewy reported better-than-expected Q1 earnings and a share repurchase program.

Portfolio Pulse from ryanfaloona@benzinga.com

May 29, 2024 | 12:40 pm

The article highlights the pre-market movements of 12 communication services stocks on Wednesday. Notable gainers include Gamer Pakistan (GPAK), AST SpaceMobile (ASTS), and Vivid Seats (SEAT). Significant losers include Sify Technologies (SIFY), Onfolio Holdings (ONFO), and JOYY (YY).

Portfolio Pulse from Benzinga Insights

May 29, 2024 | 12:06 pm

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