What To Do After AST SpaceMobile Shares Fell By 11%

(5min)

Summary

  • AST SpaceMobile stock dropped on previously known concerns over Apple's iOS update supporting T-Mobile's Starlink texting service, impacting ASTS's satellite offering.
  • ASTS's partnerships with Verizon and AT&T present a long-term investment opportunity.
  • Short-sellers still dominate ASTS stock, but no company has a commanding market share in satellite services, making this a volatile yet promising sector.
  • Long-term investors should see the current dip as a buying opportunity to gain exposure to the satellite telecommunications market.
  • Looking for a helping hand in the market? Members of DIY Value Investing get exclusive ideas and guidance to navigate any climate. Learn More »

A satellite dish field in Sintra

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Since peaking at nearly $40.00 last August 2024, AST SpaceMobile (NASDAQ:ASTS) traded in a $25 - $30 range. However, the price support for ASTS stock broke down in recent days. Shares

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This article was written by

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Chris Lau is an individual investor and economist with 30 years of experience covering life science, technology, and dividend-growth income stocks. He has degrees in Microbiology and Economics.

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