6 Days Ago
2 Min Read

ASTS is making big moves today. Find out why the stock is trading 5% higher:

ASTS
+10.5% 24h



AST SpaceMobile Inc - Class A (ASTS) is trading 5% higher at $7.69 today.

  • CNBC's Jim Cramer gives his answers to callers' stock questions at rapid speed, increasing ASTS stock
  • Nokia inks a 5-year deal with AST SpaceMobile, strengthening their relationship
  • AST SpaceMobile is planning to launch its BlueWatt satellite in the near future which will provide cellular connectivity from space.

AST SpaceMobile Inc - Class A has been trading between a 52-week high of $13.21 and a 52-week low of $4.84. The stock has a market cap of $399 Million.

AST SpaceMobile is building the first, and only, space-based cellular broadband network to operate directly with standard, unmodified mobile devices based on its extensive IP and patent portfolio. AST SpaceMobile's team of engineers and space scientists are on a mission to eliminate the connectivity gaps faced by today's five billion mobile subscribers and finally bring broadband to the billions who remain unconnected.

Headlines


Cramer''s lightning round: AST SpaceMobile is not a buy
CNBC 08-02-22

Nokia inks 5-year deal with AST SpaceMobile
FierceWireless 07-29-22

AST SpaceMobile partners with Nokia for its radio technology connectivity across regions
Seeking Alpha 07-28-22

Nokia Radio Technology to Enable AST SpaceMobile’s Direct-to-cell Phone Connectivity From Space
Business Wire 07-28-22

AST SpaceMobile Provides Preliminary Financial Results for Second Quarter 2022
Kwhen Finance 07-18-22


As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Reminiscentlobster03 - 94 upvotes - source
He said he does not recommend ASTS as it is losing a lot of money Tuesday after hours. Stock price is up 15% since, gotta respect his power to move markets

Feisty-Cantaloupe745 - 5 upvotes - source
Man that Cramer..two days ago he said that ASTS is not a buy right now..almost 20% up since.

Jet_Mecc - 4 upvotes - source
ASTS one kills me 😂

sebasq - 3 upvotes - source
my beautiful beautiful $ASTS getting asked by my man Clinton and i was happy to hear Jim giving his i’ll informed decision and saying not to buy. i knew it would be a good week for the Spacemob.

WillNeighbor - 3 upvotes - source
asts

MotownPhillyEighty4 - 2 upvotes - source
ASTS

G1gl1orononim1con - 2 upvotes - source
Close to breaking even on ASTS 😎

MotownPhillyEighty4 - 2 upvotes - source
Oh yes. She’s about to run. Multiple near- and intermediate term catalysts including projected launch on 9/7. Plus, Cramer is newly bearish. ASTS has recently been described as “the most asymmetric risk vs return in the market”, so I’m surprised it hasn’t gotten more play here haha

Feisty-Cantaloupe745 - 2 upvotes - source
ASTS was going sideways before he opened his mouth btw.

acspa96 - 1 upvotes - source
My retirement is in the hands of ASTS