Shares of AST SpaceMobile Inc (NASDAQ:ASTS) are trading marginally higher Monday morning as investors await the company’s third-quarter financial results, scheduled for release after the market close. Here’s what investors need to know.
What To Know: Wall Street analysts are anticipating a loss of 22 cents per share on revenue of $18.93 million.
The stock is building on recent positive momentum. On Nov. 7, AST SpaceMobile and Vodafone announced they had selected Germany as the site for their primary European Satellite Operations Centre to drive next-generation mobile coverage, with a commercial launch expected in 2026.
The announcement followed a late October rally sparked by a 10-year direct-to-device satellite connectivity deal with Saudi Arabia’s STC Group and a $1 billion private offering of convertible notes to fund its constellation.
However, analyst sentiment has been mixed. While B. Riley Securities raised its price target to $95 and maintained a Buy rating on Oct. 23, this was preceded by downgrades from Barclays, Scotiabank and UBS, which moved to Underweight, Sector Underperform and Neutral ratings, respectively.
Benzinga Edge Rankings: Underscoring its recent performance, the stock carries a high Benzinga Edge Momentum score of 97.65.
ASTS Price Action: AST SpaceMobile shares were up 1.19% at $70.01 at the time of publication on Monday, according to Benzinga Pro data.
Read Also: Space Stock Tracker—BlackSky, Redwire Dump After Earnings; AST, Rocket Lab On Deck
How To Buy ASTS Stock
By now you’re likely curious about how to participate in the market for AST SpaceMobile – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
If you’re looking to bet against a company, the process is more complex. You’ll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
Image: Shutterstock
