What's Going On With AST SpaceMobile Stock Friday?

Author: Dylan Berman | August 16, 2024 02:15pm

AST SpaceMobile, Inc. (NASDAQ:ASTS) shares are moving on volatility Friday after rising on Thursday. The company announced that certain shareholders may have the chance to attend the launch of the BlueBird 1-5 Mission at the Kennedy Space Center Visitor Complex at Cape Canaveral, Florida.

What To Know: The BlueBird satellites were delivered to Cape Canaveral last week and are scheduled to be launched during a 7 day period in September. This is apart of the company’s mission to create the first global cellular broadband network in space to operate directly with standard mobile devices.

Analyst Changes: Multiple analysts issued price target adjustments within the past week.

• B. Riley Securities analyst Mike Crawford maintained AST SpaceMobile with a Buy and raised the price target from $15 to $26.
• UBS analyst Christopher Schoell maintained AST SpaceMobile with a Buy and raised the price target from $13 to $30.

See Also: What’s Going On With Tesla Stock Today

ASTS Price Action: At the time of writing, AST SpaceMobile stock is moving 1.98% higher at $31.98, according to data from Benzinga Pro.

Image: Courtesy of AST SpaceMobile

Posted In: ASTS