If you liked this idea, sign up for a no-obligation free trial of my Seeking Alpha Marketplace service, Timely Trader ! I sift through various asset classes to find the best places for your capital, helping you maximize your returns. Timely Trader seeks to find winners before they become winners, and keep you out of losers. In addition, you get access to our community via chat, direct access to me, real-time price alerts, a model portfolio, and more.To say that AST SpaceMobile (NASDAQ: ASTS ) has had an int ...

Core Viewpoint - AST SpaceMobile is preparing to report its third-quarter earnings in early to mid-November, marking a significant moment as it transitions from a proof of concept to operational status with its five newly launched satellites [1][5]. Company Overview - AST SpaceMobile aims to provide broadband and cellular services to remote locations, similar to SpaceX's Starlink, but with the advantage that users only need a regular cellphone and a subscription to access the service [2][3]. - The company has launched five operational satellites, which is a critical step in proving its business model, although it still lags behind Starlink, which has a more established service [3][4]. Financial Expectations - Investors are primarily focused on the operational status of the satellites rather than immediate earnings, as the company is expected to continue incurring losses for the foreseeable future [3][4]. - Management estimates that at least 95 satellites are needed for full service, indicating a significant financial commitment of approximately $1.8 billion to complete the satellite network [4]. Partnerships and Market Position - AST SpaceMobile is collaborating with major telecom carriers like AT&T and Verizon, which may provide a customer base and financial support for its satellite network expansion [5]. - Despite a recent pullback of about 33% from its peak, the company's stock has seen significant gains this year, reflecting initial investor enthusiasm for the satellite launch [5]. Future Outlook - A positive update from AST SpaceMobile is anticipated, focusing on the progress of satellite testing and potential timelines for small-scale service launch, which could reassure long-term investors [6].

Shares of AST SpaceMobile (ASTS, Financial) witnessed a notable rise, climbing 8.04% as the company made strides in its financial strategy. The uptick comes on the heels of a recent announcement related to its outstanding warrants.AST SpaceMobile (ASTS, Financial) recently filed an 8-K with the SEC to announce its decision to repurchase all publicly traded warrants. This strategic move follows the company's prior announcement to redeem these warrants for $11.50 per share or buy them back at $0.01 each. The ...

AST has removed the overhang of its outstanding warrants -- and collected a big bundle of cash to boot.After sliding lower all week long, shares of AST SpaceMobile (ASTS 8.05%) turned around and moved higher on Friday, gaining 5% through 10:45 a.m. ET. Why? Probably because of AST's 8-k filing with the SEC yesterday.More limited in focus than a 10-K filing, an 8-K highlights news important to a company. In this case, AST wanted to emphasize what it said in a press release issued Wednesday: It has officially ...

The most recent trading session ended with AST SpaceMobile, Inc. (ASTS) standing at $23.84, reflecting a -1.1% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.01%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.08%.Heading into today, shares of the company had lost 18.04% over the past month, lagging the Computer and Technology sector's gain of 1.03% and the S&P 500's gain of 1.21% in that time.Analysts and investors alike will be ...

Shares of AST SpaceMobile Inc (ASTS, Financial) fell 2.99% in mid-day trading on Oct 2. The stock reached an intraday low of $23.01, before recovering slightly to $23.39, down from its previous close of $24.11. This places ASTS 40.16% below its 52-week high of $39.08 and 1,087.06% above its 52-week low of $1.97. Trading volume was 5,413,120 shares, 26.4% of the average daily volume of 20,507,208.Wall Street Analysts ForecastBased on the one-year price targets offered by 5 analysts, the average target price ...

The speculative space stock could take investors on a wild ride.AST SpaceMobile (ASTS 3.28%), a producer of low earth orbit (LEO) satellites for cellular communications, went public by merging with a special purpose acquisition company (SPAC) on April 7, 2021. Its stock started trading at $11.63, but it sank to about $2 this April after it postponed the launch of its first commercial satellites.But today, AST SpaceMobile trades at about $25. Most of that rally was driven by the successful launch of its firs ...

The stock is down big from its highs, and it has a lot to prove.The hype behind AST SpaceMobile (ASTS 6.25%) has been incredible in 2024. The stock is up 300% this year, even though its nascent internet satellite network has yet to begin offering commercial services anywhere in the world.But there is potential for AST SpaceMobile to be a global telecom provider, and deals with AT&T (NYSE: T) and Verizon (NYSE: VZ) show faith in the company's technology. Is it time to buy AST SpaceMobile before growth in the ...

When it comes to space exploration stocks, most investors are already familiar with Intuitive Machines (LUNR). The company recently secured a $4.8 billion contract with the National Aeronautics and Space Administration (NASA), despite its moon lander Odysseus tipping over earlier this year. For those looking to get in on the sector, AST SpaceMobile Inc (NASDAQ:ASTS) and Rocket Lab USA Inc (NASDAQ:RKLB) are two alternatives to LUNR that boast plenty of upside opportunity. ASTS was last seen trading near brea ...

Investors should stay grounded despite the stock price soaring into orbit.Many companies went public via mergers with special purpose acquisition companies (SPACs) in 2020 and 2021. These public blank-check companies enabled private companies to avoid the slower and more rigorous initial public offering (IPO) process to hit the markets in a zero-percent interest rate environment that stoked investors' appetites for more speculative investments.Unfortunately, most of them haven't worked out. Many have since ...