AST SpaceMobile, Inc. - Class A Common Stock (ASTS)
50.62
+0.65 (1.30%)
NASDAQ · Last Trade: Jun 26th, 5:41 PM EDT
Detailed Quote
Previous Close
49.97
Open
50.87
Bid
50.73
Ask
50.93
Day's Range
49.68 - 53.38
52 Week Range
9.320 - 54.05
Volume
14,119,366
Market Cap
-
PE Ratio (TTM)
-
EPS (TTM)
-
Dividend & Yield
N/A (N/A)
1 Month Average Volume
17,880,745
Chart
About AST SpaceMobile, Inc. - Class A Common Stock (ASTS)
Ast Spacemobile Inc is a pioneering telecommunications company focused on building a global network of low Earth orbit satellites designed to provide cellular connectivity directly to mobile devices. Their innovative technology aims to bridge the coverage gap in rural and remote areas, allowing users to access mobile services without needing traditional ground infrastructure. By leveraging satellite technology, Ast Spacemobile seeks to enhance communication capabilities, making mobile connectivity universally accessible and enabling seamless connectivity for customers around the world. Read More
Shares of AST SpaceMobile Inc (NASDAQ: ASTS) are rising Thursday morning after facing selling pressure on Wednesday. The rally follows the company's announcement of a successful demonstration of its space-based cellular broadband network for military applications.
AST SpaceMobile, Inc. (“AST SpaceMobile”) (NASDAQ: ASTS) the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications, today announced the successful demonstration of the world’s first Non-Terrestrial Network (NTN) tactical satellite communications delivering high-throughput data, voice, and video using unmodified mobile devices in collaboration with Fairwinds Technologies (a privately held company).
AST SpaceMobile's recent strategic wins, from a major spectrum deal to new global partnerships, signal a key inflection point for its ambitious growth plans.
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 the pricing of a cash repurchase (the “Repurchase”) of $225 million aggregate principal amount of its 4.25% convertible notes due 2032 (the “2032 convertible notes”) pursuant to separate, privately negotiated repurchase transactions with a limited number of holders of the 2032 convertible notes and a registered direct offering of 9,450,268 shares of its Class A common stock to holders of 2032 convertible notes participating in the Repurchase in a direct placement registered under the Securities Act of 1933, as amended (the “Registered Direct Offering”).
As summer kicks off, the S&P 500 is flat, but still within 5% of an all-time high; however, without a clear catalyst, uncertainty is likely to weigh on growth
Shares of AST SpaceMobile are trading higher by 29% this week. The satellite-to-smartphone communications company is set to join the Russell 1000 Index on June 27.
