BCE:CC - AST SpaceMobile Q4 Earnings Preview: 5 Things To Consider

2024-03-27 12:57:58 ET

Summary

• AST SpaceMobile stock is currently in a severe downtrend, trading at $2.81.
• The company reported a loss in the third quarter of 2023 and did not post any revenue.
• AST SpaceMobile completed a stock offering to raise capital, but weak demand for ASTS shares is concerning.
• What AT&T, BCE, and other partners indicate ahead of AST's upcoming quarterly report.

Nearly five years ago, NPA I raised $230 million to form a special purpose acquisition company, or SPAC. In April 2021, the firm and AST I Science completed the $1.4 billion merger to form the firm, AST SpaceMobile, Inc. ( ASTS )....

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