Jun 20, 02:06 PM

AST SpaceMobile Soars to $50, Market Cap Nears $10 Billion

Shares of AST SpaceMobile rose as much as 100% in Friday trading to roughly $50, extending their advance to about 300% over the past 12 months. The surge briefly lifted the satellite-telecom start-up’s market value to almost $10 billion, even though the company has yet to generate revenue, according to commentary from research firm Citron. The sharp move attracted brisk activity among retail-oriented traders, adding to a wave of momentum-driven buying that has fueled the stock’s month-long rally.

#AST SpaceMobile #Citron

Written with ChatGPT .

Sources

Cheddar Flow@CheddarFlow
1 year ago
$ASTS Tape is Getting ACTIVE 👀 https://t.co/ayhlICU7mG
Citron Research@CitronResearch
1 year ago
How about this for a call? In Feb 2021, at the height of SPAC mania, Citron said ASTS could hit $50. It crashed to the low single digits… and now it’s almost there — still pre-revenue. Here’s the kicker: If you adjust for today’s ~$10B market cap using the shares outstanding
Don't follow Shardi B if you hate Money@ShardiB2
1 year ago
Every day we talk about $ASTS being a must own IMO Up another $3.50 https://t.co/PD67axXb7U

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