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.
AST SpaceMobile, Inc. (ASTS) closed at $18.59 in the latest trading session, marking a +0.43% move from the prior day.
AST SpaceMobile will report Q2 earnings on August 14, 2024, as shares tripled in value following successful deals with AT&T and Verizon. AST SpaceMobile stock price surged to $21.28 but pulled back in sympathy to last Friday's market decline. Analysts expect an EPS loss for 2024, while ASTS quant scores are improving with potential for more telecom deals.
AST SpaceMobile is attempting to build a space-based cellular broadband network. A key company goal is to partner with existing cellphone companies.
AST SpaceMobile is set to launch their first 5 LEO satellites for providing Direct-To-Cell 5g service in the United States. The company is planning to launch about 90 satellites over the next few years to cover offer coverage to around 6 billion people. AST SpaceMobile's first mover advantage in direct-to-cell 5G service, potential for billion-dollar revenues, and risks such as competition, regulatory changes, and financing concerns are highlighted.
AST SpaceMobile's stock is soaring ahead of the planned launch of its first five commercial satellites. Its stock is richly valued relative to its near-term growth potential.
In the most recent trading session, AST SpaceMobile, Inc. (ASTS) closed at $18.87, indicating a +0.16% shift from the previous trading day.