Key Details
Price
$23.50Annual ROE
-88.45%Beta
2.31Events Calendar
Next earnings date:
Apr 01, 2025Recent quarterly earnings:
Nov 14, 2024Recent annual earnings:
Apr 01, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
N/ANext split:
N/ARecent split:
N/AAnalyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
There's a new space race in full swing, but private industry, not world superpowers, are driving this post-Cold War iteration. While Elon Musk and Jeff Bezos have dominated headlines with their exciting advancements in rocketry, a cottage industry of smaller start-ups is vying for dominance in all manner of space-based markets.
Several pure-play space stocks rallied 20% or more this week, in part driven by what sector analysts called a "Trump-Elon trade." Just this week saw Rocket Lab up 41%, Intuitive Machines up 28%, Spire Global up 26%, Planet Labs up 16%, Redwire up 15% and AST SpaceMobile up 10%.
Why AST SpaceMobile Stock Just Crashed 12%
ASTS reports modest third-quarter 2024 results driven by the successful orbital launch of the first five commercial satellites, the BlueBirds, along with multiple deal wins.
AST SpaceMobile (NASDAQ: ASTS) has announced agreements to secure orbital launch capacity for a global, space-based cellular broadband network accessible directly from standard smartphones. Targeting high-demand markets like the U.S., Europe, Japan, and government applications, the launch campaign will begin in 2025-2026 from Cape Canaveral, using Blue Origin's New Glenn rocket and other vehicles to deploy up to 60 next-gen Block 2 BlueBird satellites.
AST SpaceMobile's share price dropped after the release of its Q3 results, although there was little reason for this from a fundamental perspective. AST is reaching a point where it can demonstrate the viability of its business, but meaningful revenue probably remains 1-2 years away. This likely means that ASTS stock will remain at the mercy of small shifts in investor sentiment in the short term.
Is the market having the right reaction to AST SpaceMobile's recent third-quarter report?
AST SpaceMobile, Inc. (NASDAQ:ASTS ) Q3 2024 Earnings Conference Call November 14, 2024 5:00 PM ET Company Participants Scott Wisniewski - President and Chief Strategy Officer Abel Avellan - Founder, Chairman and Chief Executive Officer Andrew Johnson - Chief Financial Officer and Chief Legal Officer Conference Call Participants Mike Crawford - B. Riley Securities Christopher Schoell - UBS Chris Quilty - Quilty Analytics Bryan Kraft - Deutsche Bank Caleb Henry - Quilty Analytics Operator Good day and thank you for standing by.
Shares of AST SpaceMobile Inc. fell in extended trading Thursday after the space-based broadband company's third-quarter loss widened.
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, and designed for both commercial and government applications, today announced launch services agreements securing the orbital launch capacity to enable continuous space-based cellular broadband service coverage across some of the most in-demand cellular markets globally. AST SpaceMob.
FAQ
- What is the primary business of AST SpaceMobile?
- What is the ticker symbol for AST SpaceMobile?
- Does AST SpaceMobile pay dividends?
- What sector is AST SpaceMobile in?
- What industry is AST SpaceMobile in?
- What country is AST SpaceMobile based in?
- When did AST SpaceMobile go public?
- Is AST SpaceMobile in the S&P 500?
- Is AST SpaceMobile in the NASDAQ 100?
- Is AST SpaceMobile in the Dow Jones?
- When was AST SpaceMobile's last earnings report?
- When does AST SpaceMobile report earnings?
- Should I buy AST SpaceMobile stock now?