AST SpaceMobile Surges 50% Space Broadband Cellular Launch Nears
ASTSAST SpaceMobile(ASTS) MarketBeat·2024-08-19 20:35

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 ...