AST SpaceMobile TodayASTSAST SpaceMobile$34.32 -4.28 (-11.09%) 52-Week Range$1.97▼$38.99Price Target$25.75Add to WatchlistAST SpaceMobile NASDAQ: ASTS is in the communication services sector and has seen its shares explode in 2024. The company’s stock is up over 500% this year despite producing little to no revenue and tens of millions of dollars in losses.So, why is the market so bullish on this stock, and what exactly does the firm do? Let's explore these questions together. We'll review the company's ann ...

Those who shot for the stars early on with this space stock have been rewarded for their ambition.For those with New Year's resolutions to scoop up shares of AST SpaceMobile (ASTS 24.40%), 2024 has been a delight. AST SpaceMobile is developing a space-based broadband network, and it has seen its stock skyrocket 540% since the start of the year.But have investors who have held on to the stock since it first debuted on public markets fared as well? Let's take a look at what has driven investor sentiment for t ...

AST SpaceMobile stock has rocketed higher by more than 75% in less than a week. Here's what investors need to know.AST SpaceMobile (ASTS 16.40%) stock has continued to soar since it announced its latest business update and second-quarter results last week. The march higher began after the company reaffirmed that plans for its most critical satellite launch ever are on track.On Friday, Bank of Nova Scotia, or Scotiabank, analyst Andres Coello raised his firm's price target on the space communications company ...

AST SpaceMobile Inc. NASDAQ: ASTS stock rocketed 50% following its Q2 2024 earnings report. The company missed EPS estimates for a loss of 51 cents by 29 cents, and revenues were non-existent at $900,000. Investors may be questioning the sanity of the large price move, while short-sellers are licking their wounds after being sucked in by the 20.44% short interest.The company is embarking on creating the world's first and only space-based cellular broadband network capable of satellite direct-to-cell 5G conn ...

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AST SpaceMobile has huge potential, but right now the exciting story here is really just potential.The latest exciting news out of AST SpaceMobile (ASTS -1.05%) is that it has delivered five satellites to Cape Canaveral. This is the first step toward actually offering the space-based cellular broadband network it is building. If it can get that system up and running, AST SpaceMobile could be a millionaire-maker stock. But don't get too excited; this is just one small step on the road to a full-fledged servi ...

Is AST stock burning through its cash too fast?Shares of satellite telecommunications company AST SpaceMobile (ASTS -4.16%) rose 15% through 10 a.m. ET Friday morning after yet another Wall Street analyst hiked its price target. By 11 a.m., though, the stock had turned tail and plunged 8.5%.Why the pop and why the drop? TheFly.com notes Scotiabank analyst Andres Coello raised his target on AST to $28 today. That sounds like good news, and Coello insists the stock will outperform. Problem is, AST stock alrea ...

AST SpaceMobile stock is up over 500% this year.In this video, I will cover the recent news about AST SpaceMobile (ASTS 10.91%). Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Aug. 15, 2024. The video was published on Aug. 16, 2024. ...

AST SpaceMobile provides a business update ahead of its critical commercial launch.AST SpaceMobile (ASTS 43.20%) has its most important satellite launch ever coming next month. Today the company provided a business update and second-quarter results ahead of that milestone launch. Investors liked what they heard.AST shares soared after the earnings release. As of 11:55 a.m. ET, the stock was higher by 40.3%. That added to the gain of more than 1,000% the stock has realized over the past three months as inves ...

Financial Data and Key Metrics - Non-GAAP adjusted cash operating expenses for Q2 2024 were $34.6 million, up from $31.1 million in Q1 2024, driven by final Block 1 satellite production costs and hiring for Block 2 development [20] - Capital expenditures for Q2 2024 were $21.2 million, down from $26.6 million in Q1 2024, as Block 1 satellite production was completed [21] - The company ended Q2 2024 with $287.6 million in cash, up from $212.4 million in Q1 2024, supported by a $55 million investment from Verizon and $80 million raised through an ATM equity facility [22][23] - Total spend for the five Block 1 satellites did not materially exceed the prior estimate of $115 million [21] Business Line Data and Key Metrics - The first five commercial BlueBird satellites are undergoing final preparation for launch in early September 2024, targeting nearly 100% geographical coverage for the continental United States [7][9] - The company is shifting focus to Block 2 satellite production, with the first 17 Block 2 satellites planned for launch starting in Q1 2025 [11] - The AST5000 ASIC chip, which enables a 10x improvement in processing bandwidth per satellite, has completed tape-out and is expected to be incorporated into Block 2 satellites [12] Market Data and Key Metrics - The company secured a $100 million commitment from Verizon, including $65 million in commercial prepayments and $35 million in convertible notes, adding to its strategic partnerships with AT&T, Vodafone, Google, and others [10] - Initial service activation for AT&T and Verizon beta test users will start with 5,600 sales across the U.S. after a few months of in-orbit service activation [9] - The company received an initial FCC license for Space-Based operations in the U.S., authorizing the use of V, F, and UHF frequencies for the first five commercial satellites [14] Company Strategy and Industry Competition - The company is transitioning from R&D to full-scale production and commercialization of its Space-Based cellular broadband network, with a focus on scaling the constellation and optimizing manufacturing costs [6][21] - The company is pursuing dual-use capabilities for both commercial and government applications, with early progress in government contracts and potential for larger, multi-year contracts in the future [16][17] - The company is vertically integrating approximately 95% of satellite subsystems to control IP and manufacturing processes, improving cost efficiency and production capacity [38] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the satellites to space weather conditions, including solar storms, based on data collected from BlueWalker 3 [32] - The company is prioritizing deployment in the U.S. market, followed by Vodafone markets, Rakuten in Japan, and other regions with prepayment commitments [30] - Management reiterated no plans for a public equity offering in 2024, focusing instead on non-dilutive funding from MNO partners and milestone-based capital [23][56] Other Important Information - The company completed the ASIC chip tape-out, marking a milestone after five years of R&D and approximately $45 million in development costs [12] - The company is working on developing a financing package from export credit agencies for long-term debt funding of large projects [26] Q&A Session Summary Question: What is the current production capacity for the 17 Block 2 satellites under construction? - The company is ramping up production capacity, with subsystems for 17 satellites being produced in advance, and vertically integrating 95% of the subsystems to control manufacturing processes [38] Question: What is the timeline for the initial Block 2 satellite launch? - The company is still tracking for a Q1 2025 launch for the initial Block 2 satellites [39] Question: What are the ARPU assumptions for the U.S. market? - The company did not provide specific ARPU guidance but expressed excitement about the revenue share model and adoption rates [41] Question: What is the timeline and key milestones from launch to commercial service? - The company plans to launch in early September 2024, with service activation expected within a few months, prioritizing U.S., Vodafone, and other prepaid markets [47] Question: What are the remaining regulatory approval processes in the U.S. and other countries? - The company is working with the FCC and other regulatory bodies, with initial markets trending positively and no significant showstoppers [52] Question: What are the funding requirements and capital sources for Block 2 and beyond? - The company is prioritizing non-dilutive funding from MNO partners and milestone-based capital, with no plans for a public equity offering in 2024 [55][56] Question: What is the outlook for larger government contract awards? - The company sees potential for larger, multi-year government contracts, with early tests and awards showing positive progress [60] Question: Is ASIC production a gating factor for scaling up Block 2 satellites? - ASIC production is not a prerequisite for launches, as the company can continue using FPGA configurations, but ASIC integration will significantly improve satellite capacity [63]