AST SpaceMobile ( (ASTS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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AST SpaceMobile’s stock has been hit hard following multiple downgrades to ‘Sell’ due to disappointing earnings, which revealed a significant net loss and negative insider sentiment. Analysts have further lowered their price targets, pointing to increased insider selling and a larger-than-expected quarterly loss. Despite a recent price boost from a Verizon deal, the market remains cautious, maintaining a Hold recommendation.
More about AST SpaceMobile
YTD Price Performance: 313.59%
Average Trading Volume: 12,195,332
Technical Sentiment Signal: Buy
Current Market Cap: $32.35B
For further insights into ASTS stock on TipRanks’ Stock Analysis page.
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