Down 33% From Its 52-Week High, Is It Time to Buy the Dip on AST SpaceMobile?
The space stock has faced setbacks in recent months and has had to push back its ambitious launch goals.
Down 33% From Its 52-Week High, Is It Time to Buy the Dip on AST SpaceMobile?
Overview
The SpaceX initial public offering (IPO) has cast a spotlight on the growing space industry. One company in the news lately is AST SpaceMobile (NASDAQ: ASTS), which is launching a slew of satellites to build a telecommunications network entirely from space.
At the start of the year, AST SpaceMobile set a lofty goal of launching up to 45 satellites into orbit to provide continuous coverage in select markets. However, those plans have faced unexpected hurdles in recent months, pushing the timeline to next year. As a result, the stock has taken a hit and is now 34% below its 52-week high.
Details
Here's why investors may want to consider buying the dip in the space stock.
Source
Originally published at www.fool.com.
