AST SpaceMobile, Inc. - Class A Common Stock (ASTS)
52.29
+2.28 (4.56%)
NASDAQ · Last Trade: Aug 26th, 11:42 AM EDT
Detailed Quote
Previous Close
50.01
Open
51.13
Bid
52.28
Ask
52.32
Day's Range
50.56 - 53.20
52 Week Range
17.50 - 60.95
Volume
4,691,722
Market Cap
2.78B
PE Ratio (TTM)
-
EPS (TTM)
-
Dividend & Yield
N/A (N/A)
1 Month Average Volume
8,756,725
Chart
About AST SpaceMobile, Inc. - Class A Common Stock (ASTS)
Ast Spacemobile Inc is a pioneering telecommunications company focused on building a global network of low Earth orbit satellites designed to provide cellular connectivity directly to mobile devices. Their innovative technology aims to bridge the coverage gap in rural and remote areas, allowing users to access mobile services without needing traditional ground infrastructure. By leveraging satellite technology, Ast Spacemobile seeks to enhance communication capabilities, making mobile connectivity universally accessible and enabling seamless connectivity for customers around the world. Read More
AST SpaceMobile (NASDAQ: ASTS), the company building the first and only space-based cellular broadband network accessible directly by everyday smartphones, closed $575 million in aggregate principal amount of convertible senior notes due 2032, including the full exercise of the purchasers’ option for $75 million. The financing boosts company resources to more than $1.5 billion in cash. The notes carry a seven-year maturity and an effective conversion price of $120.12 per share, supported by a capped call hedge that limits dilution to less than 1.5% at that level. AST SpaceMobile also announced a separate registered direct offering of about 5.8 million shares, with proceeds earmarked to repurchase $135 million of its outstanding 4.25% convertible senior notes, eliminating roughly $37.8 million in future interest. Roth Capital Partners acted as co-manager for the offering.
High short interest will impact these stocks in Q3, but they are set up to move higher and hit new highs, driven by catalysts in Q4, including the Q3 results.
Stocks set fresh highs after July CPI held steady at 2.7%. Airlines surged on an airfare rebound, while a handful of earnings headlines put single‑stock risk front and center.
AST SpaceMobile shares were trading lower Wednesday but have since reversed and began trading higher after the company reported second-quarter financial results and issued revenue guidance for the second half of fiscal year 2025.
AST SpaceMobile said it expects revenues between $50 million and $75 million in the second half of 2025, driven by government and commercial contracts.
AST Space Mobile's stock price is on track for higher highs but faces volatility due to the high short interest: upside potential may be limited in Q3.
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