AST SpaceMobile: Buy, Sell or Keep?

In recent months, AST SpaceMobile (NASDAQ: ASTS) the stock is up 971%. This growth came on the back of agreements with major telecom players such as AT&T and Verizon Communicationsvalidating its position in the space cellular broadband network industry and providing much-needed capital for the fledgling company.

AST SpaceMobile’s collaboration with two leading communications providers has investors bullish, but was the stock too far ahead of itself? Here’s what’s new about AST SpaceMobile and what it means for investors.

AST SpaceMobile is building a space-based broadband cellular network accessible via standard mobile phones. Connectivity in space aims to provide reliable and widely available broadband services around the world. This can benefit areas where traditional infrastructure is prohibitive or logistically difficult, and could change global communications as we know it.

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