AST SpaceMobile Inc - Class A
(ASTS) is trading 14% higher at $8.625 today. While there was no clear catalyst for the move on the day, the company had recently inked a deal with Nokia, in which Nokia would provide radio technology, allowing direct-to-cell phone connectivity from space. Additionally, in Jim Cramer's lightning round last week, he'd marked the stock as Not-A-Buy. Finally social traders from reddit have been pushing the idea of a short squeeze.
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 $451 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.
The internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:Ogd_21 - 5 upvotes -
sourceY’all sleeping on ASTS
Ogd_21 - 2 upvotes -
sourceTake gains put them in asts
anon_62450 - 2 upvotes -
sourceIf ASTS could just pump to 10 I'll take the rest of the week off
G1gl1orononim1con - 2 upvotes -
sourceASTS. I see you. 🧐
SignAffectionate60 - 2 upvotes -
sourceBruh did I miss something About ASTS
WillNeighbor - 2 upvotes -
sourceasts boys
SignAffectionate60 - 2 upvotes -
sourceIf I ask about asts Ik y’all gonna think ima bot
Jacob_6160 - 1 upvotes -
sourceASTS squeeze in the making 24% short
MotownPhillyEighty4 - 1 upvotes -
sourceASTS is about to run
SignAffectionate60 - 1 upvotes -
sourceWhat’s ASTS?