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

In Wednesday's pre-market session, several stocks are moving higher following a positive trend in U.S. stock futures. Gaotu Techedu Inc. (GOTU) shares increased by 7.6%, SES AI Corporation (SES) gained 7%, Skeena Resources Limited (SKE) rose by 5.9%, AST SpaceMobile, Inc. (ASTS) shares went up by 4.9%, Take-Two Interactive Software, Inc. (TTWO) increased by 3.1% as it will be added to the Nasdaq-100 Index, and Icahn Enterprises L.P. (IEP) gained 2.3% after pricing a senior notes offering.

Portfolio Pulse from Avi Kapoor

December 13, 2023 | 10:50 am

Shares in the communication, media, and entertainment sector are up as Treasury yields fall, positively affecting stocks like ASTS, BREA, CAUD, CRGE, DRCT, EVER, GRND, LBTYB, LUMN, PARAA, TEO, TV, VS, WLYB.

Portfolio Pulse from Benzinga Newsdesk

November 29, 2023 | 8:39 pm

Analysts have identified nine U.S. tech stocks trading at a discount of over 40% from their 1-year forward average price targets, suggesting potential upsides of over 80%. These stocks are AST SpaceMobile, Inc. (ASTS), Globalstar, Inc. (GSAT), DISH Network Corporation (DISH), Altice USA, Inc. (ATUS), Semtech Corporation (SMTC), Viasat, Inc. (VSAT), Aurora Innovation, Inc. (AUR), Angi Inc. (ANGI), and indie Semiconductor, Inc. (INDI). The Invesco QQQ Trust (QQQ) tracks the Nasdaq 100, which has seen significant growth. Investors are reminded to exercise due diligence and maintain a balanced portfolio.

Portfolio Pulse from Piero Cingari

November 27, 2023 | 5:00 pm

Deutsche Bank analyst Bryan Kraft has maintained a Buy rating on AST SpaceMobile (NASDAQ:ASTS) but has reduced the price target from $32 to $23.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 4:00 pm

Shapeways Holdings, Inc. (SHPW) shares dropped by approximately 20% following the release of disappointing financial results, with an adjusted loss per share and quarterly sales both missing market expectations. Other stocks experienced significant movement in Wednesday's mid-day session, with various companies reporting financial results, FDA designations, and potential acquisition interest.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 7:04 pm

U.S. stocks traded higher, with the Dow Jones up by over 100 points. Materials shares led gains, while utilities fell. Target Corporation (NYSE:TGT) reported Q3 financial results that exceeded expectations, with a smaller year-on-year sales decline and higher adjusted EPS than anticipated. AST SpaceMobile, Inc. (NASDAQ:ASTS), Heron Therapeutics, Inc. (NASDAQ:HRTX), and Taysha Gene Therapies, Inc. (NASDAQ:TSHA) saw their shares rise following their earnings reports. Conversely, Jaguar Global Growth Corporation I (NASDAQ:JGGC), Ispire Technology Inc. (NASDAQ:ISPR), and Global-e Online Ltd. (NASDAQ:GLBE) experienced share price declines. Oil and gold prices fell slightly, while silver and copper rose. Economic data showed a decline in U.S. producer prices and an improvement in the NY Empire State Manufacturing Index.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 5:20 pm

Target Corporation reported better-than-expected Q3 FY23 results with sales of $25.398 billion and adjusted EPS of $2.10, causing its shares to rise 18.2%. Other stocks also moved higher, including AST SpaceMobile, Arcturus Therapeutics, CorMedix, Gyre Therapeutics, Dada Nexus, Icosavax, iHeartMedia, V.F. Corporation, Wolfspeed, Sigma Lithium, Chegg, Catalent, Vipshop Holdings, Tencent Music Entertainment, Kohl's, Macy's, Sirius XM Holdings, Expedia Group, Crocs, Tripadvisor, and American Eagle Outfitters, following positive earnings reports, upgrades, and partnership announcements.

Portfolio Pulse from Lisa Levin

November 15, 2023 | 4:08 pm

AST SpaceMobile reported a Q3 2023 EPS of $(0.23), which is a decrease from the $(0.18) reported in the same quarter of the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 9:38 pm

The article lists a number of companies scheduled to report their earnings on November 14, 2023. It includes their expected quarterly results, with some companies anticipated to report profits per share and others expected to report losses. The revenues for each company are also provided, giving investors insights into the financial performance of these companies for the upcoming earnings announcements.

Portfolio Pulse from Benzinga Insights

November 14, 2023 | 1:23 pm

In Wednesday's pre-market session, several communication services stocks saw significant movement. Salem Media Group, Society Pass, AST SpaceMobile, comScore, and The9 saw increases, while Cuentas, Grom Social Enterprises, Alphabet (both GOOGL and GOOG), LQR House, and Shenandoah saw decreases. Alphabet's decrease follows the release of their Q3 earnings report.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 1:06 pm

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