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AST SPACEMOBILE, INCAST SPACEMOBILE, INCAST SPACEMOBILE, INC

AST SPACEMOBILE, INC

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ASTS trade ideas

$ASTS Looking Good Moving ForwardAfter it completed its first-ever direct voice connection to its satellite, AST SpaceMobile, Inc. (NASDAQ: ASTS) shared another historical milestone with its BlueWalker 3 communicating with an everyday smartphone through 4G. ASTS stock is currently up 66% YTD and could soar even higher with any major catalyst due to the high short interest the stock is seeing. ASTS Fundamentals Another Milestone ASTS reached another milestone after it confirmed 4G capabilities for everyday smartphones directly from space, and has reached initial speeds up to 10.3 Mbps. That, coupled with ASTS making the first direct voice connection to its satellite, would mean that the company has the capability to connect people no matter their location which would be a huge leap in the communication space. Furthermore, ASTS intends to test the enablement of 5G cellular broadband as a major milestone which would be a huge accomplishment given the slow global adoption of 5G. Short Data Despite ASTS recently announcing multiple milestones, its short interest has increased to 24.02% and nearly 26% of its float on loan, with a 100% utilization rate. The new announcement of BlueWalker 3 4G capabilities raises the possibility of ASTS stock skyrocketing due to a short squeeze. Technical Analysis ASTS stock’s trend is bullish with the stock trading in an upwards channel. Looking at the indicators, the stock is trading above the 200, 50, and 21 MAs which are bullish indications. Meanwhile, the RSI is neutral at 62 and the MACD is approaching a bearish crossover. As for the fundamentals, ASTS stock just witnessed a catalyst in the announcement of BlueWalker 3 4G capabilities. ASTS officially joining the Russell 2000 and Russell 3000 indexes will be a future catalyst that may trigger a short squeeze due to the high short interest rate. ASTS Forecast ASTS has reached another huge milestone by confirming BlueWalker 3’s 4G capabilities after it made the first-ever space-based voice call directly to an unmodified smartphone. Furthermore, ASTS will join the Russell 2000 and Russell 3000 indexes on June 26. Given the stock’s high short interest, ASTS stock could be poised to soar soon as a short squeeze could be likely to occur.
NASDAQ:ASTS
by Penny_Stocks_Today
$ASTS Looking Good Moving ForwardSet to join the Russell 2000 and Russell 3000, AST SpaceMobile, Inc. (NASDAQ: ASTS) the leader in space-based cellular network space, has witnessed a historical quarter. ASTS has completed its first-ever direct voice connection to its satellite. Furthermore, ASTS stock is currently up 31% YTD and could soar even higher with any major catalyst due to the high short interest the stock is seeing. ASTS Fundamentals New Milestones Earlier in April, ASTS achieved a historical milestone by making the first-ever space-based voice call directly to an unmodified Samsung Galaxy S22 using its BlueWalker 3 satellite. That is a huge milestone for ASTS and the industry alike which validates its technology and means that now ASTS knows that it can move forward with its roadmap. ASTS is planning to launch its Block 1 satellites in Q1 2024 and has already agreed with SpaceX to launch Block 1 on a dedicated Falcon 9 rocket. Moreover, ASTS and AT&T (NYSE: T) made fillings regarding a spectrum lease agreement that covers the vast majority of AT&T’s low-band spectrum assets, which would enable ASTS to use them in its space mobile service. AT&T and ASTS also submitted multiple comments for the ongoing rulemaking process for supplemental coverage from space, which indicates a long partnership between the companies. Following its first-quarter earnings, ASTS was announced to join the Russell 2000 and Russell 3000 indexes on June 26. The inclusion of ASTS stock in the Russell indexes is a huge milestone for ASTS since it will expose it to more institutional investors, potentially increasing its value further, especially since it is already up 31% year to date. Short Data While short interest has decreased for ASTS stock by almost 8% since November 2022, ASTS stock is still seeing a high short interest rate despite the multiple milestones it has achieved in Q1. ASTS stock is highly shorted with a short interest of 23% and 25% of its float on loan. At the same time, utilization rate remains high at 100% which may see ASTS soaring when it joins the Russell 2000 and Russell 3000 indexes later this month since short sellers might be forced to cover their positions. ASTS Financials In its Q1 2023 report, ASTS’s assets decreased 15% QoQ from $268 million to $227 million, and its cash and cash equivalents decreased 22% QoQ from $238 million to $185 million. ASTS’s total liabilities increased by 6% QoQ from $78 million to $83 million. ASTS didn’t realize any revenue in Q1 after it had achieved 2.4 million in Q1 2022. Operating costs increased almost 37% from $32 million to $44 million, which contributed to the operating loss decrease of 88% YoY from $5,467 thousand to $646 thousand, which amounted to a net loss of $45 million – an 18% increase YoY. Technical Analysis ASTS stock’s trend is bullish with the stock trading in an upwards channel. Looking at the indicators, the stock is trading above the 200, 50, and 21 MAs which are bullish indications. Meanwhile, RSI is neutral at 58 and the MACD is approaching a bearish crossover. It is also worth noting that if the stock broke the $5.89 resistance it may enter a new channel between $5.89 and $6.78. As for the fundamentals, ASTS stock just witnessed a catalyst in the announcement that it is joining the Russell 2000 and Russell 3000 indexes on June 26. The Russell 2000 and Russell 3000 additions will be a future catalyst that may trigger a short squeeze due to the high short interest rate. ASTS Forecast ASTS has reached a huge milestone by making the first-ever space-based voice call directly to an unmodified smartphone which will enable ASTS to move forward with its future plans. Furthermore, the addition to the Russell 2000 and Russell 3000 indexes is another huge milestone for ASTS, which could also trigger a short squeeze when ASTS officially joins on June 26 due to the high short interest. ASTS stock is a stock to keep an eye on, especially since it is the pioneer of space-based cellular.
NASDAQ:ASTS
by Penny_Stocks_Today
ASTS - interesting chartNASDAQ:ASTS I've never seen this done on charts before, and I had a little free time. Plotting the Highs & lows from Dec '21 - current. I drew trend lines to interconnect all of the points (this is how I find support & resistance levels). For those of you not familiar with ASTS - they are building a Low Earth Orbit (satellite) cellular network. Eventually - this will eliminate the need for the millions of cell towers on the ground. Anyway - low & behold the chart outline. It's kind of "fitting" for a space related company. If there's a Star Wars, or Empire Strikes Back fan - you'll have to tell me what the spaceship is.
NASDAQ:ASTSLong
by Get_R_Done
ASTS bearish wave countI will stay away from earning as we approach a critical cycle date as well. Every 70 days we have a flip, and after 3 flips we have a consolidation period of ~140 days. I am expecting a selling event to take place, I don't know what will be, maybe an offering, maybe sell the news... The tricky part is that we are many retailers here and as is well-known institutions will want to participate and have the best price possible. Although if we go above 13.20 will be very bullish as we will invalidate the bearish count. Good luck to all of you!
NASDAQ:ASTS
by FiboSnail
3