Prediction: AST SpaceMobile Will Sell a Lot of Stock (If It's Smart)
ASTSAST SpaceMobile(ASTS) The Motley Fool·2024-09-04 19:07

AST stock is up 13x in four months. The smart move now is (for AST) to sell its stock.From an initial public offering (IPO) price near 10in2021toitspostIPOnadircloserto10 in 2021 to its post-IPO nadir closer to 2 earlier this year, direct-to-cell (DTC) satellite communications company AST SpaceMobile (ASTS 1.27%) has taken investors on quite the wild ride these past few years.Thanks largely to support from big telecom names like AT&T (T 2.66%) and Verizon (VZ 2.75%), however, AST stock went parabolic in 2024. The company's gone from oper ...