AST SpaceMobile
ASTS

$26.11

8.12%

Market Cap: $4.13B

About: AST SpaceMobile Inc is a satellite designer and manufacturer. The company is building a cellular broadband network in space to operate directly with standard, unmodified mobile devices, and off-the-shelf mobile phones based on extensive IP and patent portfolio. It has focused on eliminating the connectivity gaps faced by mobile subscribers and finally bringing broadband to the billions who remain unconnected. The Company's spaceMobile Service is being designed to provide cost-effective, high-speed Cellular Broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices.

Employees: 489

Communication Services Communications Services

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 7 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

323% more capital invested

Capital invested by funds: $151M [Q1] → $637M (+$486M) [Q2]

126% more call options, than puts

Call options by funds: $72.6M | Put options by funds: $32.1M

100% more first-time investments, than exits

New positions opened: 60 | Existing positions closed: 30

21% more funds holding

Funds holding: 140 [Q1] → 170 (+30) [Q2]

15% more repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 40

4.02% less ownership

Funds ownership: 42.28% [Q1] → 38.26% (-4.02%) [Q2]

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Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$13

50%

downside

Avg. target

$35

32%

upside

High target

$63

141%

upside

7 analyst ratings

7 positive

100%

0 neutral

0%

0 negative

0%

Deutsche Bank Bryan Kraft 82% 1-year accuracy 14 / 17 met price target	141%upside $63	Buy Maintained	4 Sept 2024
B. Riley Securities Mike Crawford 50% 1-year accuracy 6 / 12 met price target	38%upside $36	Buy Maintained	29 Aug 2024
Scotiabank Andres Coello 88% 1-year accuracy 7 / 8 met price target	76%upside $46	Sector Outperform Maintained	26 Aug 2024
Scotiabank Andres Coello 88% 1-year accuracy 7 / 8 met price target	7%upside $28	Sector Outperform Maintained	16 Aug 2024
UBS Christopher Schoell 100% 1-year accuracy 3 / 3 met price target	15%upside $30	Buy Maintained	15 Aug 2024

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Financial journalist opinion

Based on 34 articles about ASTS published over the past 30 days

The Motley Fool

What Is Going On With AST SpaceMobile Stock?

AST SpaceMobile stock has had an incredible year so far.

What Is Going On With AST SpaceMobile Stock?

AST SpaceMobile: Reaching for the Stars or Overheating in Orbit?

AST SpaceMobile NASDAQ: ASTS has been on an incredible tear in 2024, surging nearly 450% YTD. It has also sidestepped recent market weakness and displayed remarkable relative strength, particularly in the last quarter, where it gained close to 300% versus the technology sector's negative return in the same period.

AST SpaceMobile: Reaching for the Stars or Overheating in Orbit?

AST SpaceMobile shares slide on $400 million stock sale

Shares of AST SpaceMobile Inc. fell 14% Thursday after the space-based broadband company announced an at-the-market sale of up to $400 million of common stock.

AST SpaceMobile shares slide on $400 million stock sale

The Motley Fool

Why AST SpaceMobile Stock Just Crashed by More Than 16%

AST SpaceMobile will need $3 billion to build its communications satellite constellation, but it only has $440 million. On Wednesday, the company said it had plenty of cash to last it through the end of this year.

Why AST SpaceMobile Stock Just Crashed by More Than 16%

AST SpaceMobile stock climbs as Sept. 12 targeted for first commercial satellite launch

Space-based broadband company AST SpaceMobile is planning to launch its first five commercial satellites from Cape Canaveral on or after Sept. 12

AST SpaceMobile stock climbs as Sept. 12 targeted for first commercial satellite launch

AST SpaceMobile: Commercialization Has Started

AST SpaceMobile has surged 940% since March, driven by progress towards commercialization and strategic partnerships with major telecom providers like Verizon and AT&T. The company has achieved significant milestones, including the planned September launch of BW3 satellites, crucial for its space-based cellular broadband network. Despite competition and potential delays, ASTS's technology offers unique advantages, such as direct-to-phone connectivity without additional hardware, making it valuable for remote areas.

AST SpaceMobile: Commercialization Has Started

The Motley Fool

Why AST SpaceMobile Stock Just Jumped 5%

AST SpaceMobile issued an interim business update this morning, saying it will soon have $440 million in cash. Management believes this will suffice to cover its capital needs through the end of 2024.

Why AST SpaceMobile Stock Just Jumped 5%

AST SpaceMobile Provides Interim Business Update to Confirm Upcoming Orbital Launch and Warrant Redemption

MIDLAND, Texas--(BUSINESS WIRE)---- $ASTS #AST--AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones designed for both commercial and government use, today provided an interim business update. The launch of AST SpaceMobile's upcoming satellites is targeted on or after September 12th from Cape Canaveral, Florida and over $155.0 million in proceeds is expected from its previously-annou.

AST SpaceMobile Provides Interim Business Update to Confirm Upcoming Orbital Launch and Warrant Redemption

New Study from Humana Healthcare Research and Harvard University Reveals Better Access to Primary Care for Seniors Receiving Care from Senior-Focused Primary Care Organizations

LOUISVILLE, Ky.--(BUSINESS WIRE)--New study from Humana Healthcare Research and Harvard University looks at access to primary care for seniors.

New Study from Humana Healthcare Research and Harvard University Reveals Better Access to Primary Care for Seniors Receiving Care from Senior-Focused Primary Care Organizations

The Motley Fool

Prediction: AST SpaceMobile Will Sell a Lot of Stock (If It's Smart)

With a share price up 13x in four months, AST SpaceMobile just may be the most successful space stock of 2024. Yet AST still has obstacles to overcome, such as raising $3 billion to pay for the satellites it wants to launch.

Prediction: AST SpaceMobile Will Sell a Lot of Stock (If It's Smart)

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