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.
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AST SpaceMobile is building a space-based cellular broadband network. It has partnered with some of the largest cellular providers in the United States.
AST SpaceMobile won yet another price hike from an analyst this morning. Problem is: Even AST's Wall Street fans seem to think the stock costs more than it's worth.
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AST SpaceMobile stock is up over 500% this year.
Shares of AST SpaceMobile Inc. are climbing 47.71% Thursday after the space-based broadband company said that its first five commercial satellites will be launched next month.
The FCC recently granted approval for AST SpaceMobile to launch its first commercial satellites. The five BlueBird satellites will provide commercial space-based broadband services to U.S. consumers.
AST SpaceMobile, Inc. (NASDAQ:ASTS ) Q2 2024 Earnings Conference Call August 14, 2024 5:00 PM ET Company Participants Scott Wisniewski - Chief Strategy Officer Abel Avellan - Chairman & CEO Andy Johnson - CFO Conference Call Participants Griffin Boss - B. Riley Securities Benjamin Soff - Deutsche Bank Chris Schoell - UBS Chris Quilty - Quilty Analytics Operator Good day, and thank you for standing by.
AST SpaceMobile, Inc. (ASTS) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.24 per share a year ago.
AST SpaceMobile Inc. NASDAQ: ASTS is a little-known satellite company with ambitious plans to create the world's first and only space-based cellular broadband network. The goal is to enable direct-to-cellphone satellite communication through any off-the-shelf, unmodified smartphone, providing coverage to every inch of the planet.
AST SpaceMobile finally won a license from the FCC yesterday. Combined with five communications satellites set to launch, AST is ready to start providing at least some cellphone service from space.