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

Compass Minerals International, Inc. (CMP) shares fell by 9% following disappointing quarterly results, missing both earnings and sales estimates. Other stocks showed significant movement, with notable gainers including Syra Health Corp. (SYRA) and Hitek Global Inc. (HKIT), and losers like Tenax Therapeutics, Inc. (TENX) and Bakkt Holdings, Inc. (BKKT). The article also highlights stocks that surged due to partnerships, financial results, and other corporate announcements.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 6:07 pm

Arm Holdings reported better-than-expected Q3 results, leading to a 47.3% surge in its shares. Other companies like Oscar Health, Mineralys Therapeutics, and Viking Therapeutics also saw significant gains following positive financial results or announcements. Companies such as Monolithic Power Systems, Ralph Lauren, and Advanced Drainage Systems reported strong earnings, raising guidance and dividends. Disney announced a $1.5 billion investment in Epic Games and a new share repurchase program. Overall, several stocks recorded gains in Thursday's session.

Portfolio Pulse from Avi Kapoor

February 08, 2024 | 3:24 pm

Jim Cramer shared his views on several stocks on CNBC's 'Mad Money Lightning Round'. He is bullish on GSK plc, citing its recent legal settlement and positive momentum. Cramer is cautious about AST SpaceMobile and Kroger, due to concerns about profitability and the CFO's departure, respectively. He praised Parker-Hannifin for its strong financial performance and guidance, while dismissing BigCommerce in favor of Amazon. Cramer also expressed uncertainty about Icahn Enterprises' holdings.

Portfolio Pulse from Avi Kapoor

February 06, 2024 | 3:56 pm

In Monday's pre-market session, several communication services stocks experienced significant movements. Grom Social Enterprises (GROM) saw a 23.2% increase, while Cardlytics (CDLX) rose by 22.53%. Other gainers included VS Media Holdings (VSME), Collective Audience (CAUD), AST SpaceMobile (ASTS), and Surgepays (SURG). On the losing side, Haoxi Health Technology (HAO), Gaxos.AI (GXAI), Atlanta Braves Holdings (BATRK), and Abits Group (ABTS) saw declines in their stock prices.

Portfolio Pulse from Benzinga Insights

January 29, 2024 | 1:06 pm

AST SpaceMobile, Inc. (NASDAQ:ASTS) CEO Abel Avellan released a shareholder letter highlighting strategic investments from AT&T, Google, and Vodafone totaling $306.5 million. The investments, including 10-year subordinated convertible notes and non-dilutive commercial payments, will support the company's mission to deliver space-based cellular broadband connectivity. AST SpaceMobile has secured commercial revenue with AT&T and Vodafone, and is collaborating with Google on product development for Android devices. The funding will help launch the next-generation BlueBirds satellites and maintain the company's momentum.

Portfolio Pulse from Benzinga Newsdesk

January 23, 2024 | 4:35 pm

TransCode Therapeutics, Inc. (RNAZ) shares fell by over 24% after pricing a common stock offering at $1.22 per share. Other stocks moved in Friday's mid-day session with notable gainers including Charge Enterprises (CRGE), Kaman Corporation (KAMN), and Mesa Air Group (MESA), among others. Losers included C3is Inc. (CISS), Azitra, Inc. (AZTR), and iRobot Corporation (IRBT). The market also reacted to various company announcements such as acquisitions, earnings reports, and analyst upgrades or downgrades.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 6:05 pm

AST SpaceMobile, Inc. (NASDAQ:ASTS) stock plummeted after announcing the pricing of its $100 million public offering of Class A common stock at $3.10 per share. The company plans to sell 32,258,064 shares and may offer an additional 4,838,709 shares if the underwriter exercises its option. The proceeds are intended for general corporate purposes. The offering is expected to close on Jan. 23. The stock experienced a significant trading volume increase and a 25.5% price drop in response to the news.

Portfolio Pulse from Erica Kollmann

January 19, 2024 | 5:26 pm

AST SpaceMobile's stock is trading lower following the announcement of a $100 million public offering of Class A common stock.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 2:12 pm

Super Micro Computer, Inc. (NASDAQ:SMCI) shares rose over 12% in pre-market trading following the company's updated Q2 financial guidance, which exceeded previous estimates. The company now expects net sales of $3.6 to $3.65 billion and non-GAAP diluted net income per share of $5.40 to $5.55. Other stocks mentioned include gainers like Treasure Global Inc. (NASDAQ:TGL) and losers such as iRobot Corporation (NASDAQ:IRBT), which dropped due to the EU's likely rejection of Amazon's acquisition.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 1:13 pm

In Friday's pre-market session, iRobot Corporation (IRBT) shares plummeted after reports that the EU may reject Amazon's (AMZN) acquisition of the company. AST SpaceMobile (ASTS) shares also tumbled following a $100 million common stock offering and strategic investment news involving AT&T (T), Alphabet (GOOG, GOOGL), and Vodafone. Other stocks experiencing pre-market losses include MorphoSys (MOR), Absci Corporation (ABSI), Diversified Energy Company (DEC), XPeng Inc. (XPEV), Chegg (CHGG), and Arcutis Biotherapeutics (ARQT).

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 10:38 am

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