Shares of AST SpaceMobile Inc (NASDAQ:ASTS) are trading sharply higher Monday afternoon, lifted by sector-wide optimism as investors monitor developments from SpaceX.
What To Know: The broader enthusiasm Monday comes as SpaceX gears up for its 11th Starship test flight, a pivotal event for the space economy.
SpaceX recently outlined ambitious plans for cargo missions to the Moon by 2028 and Mars by 2030, targeting a groundbreaking price of $100 million per metric ton, which has helped fuel positive investor sentiment in public space companies.
AST SpaceMobile shares surged to all-time highs last week following the announcement of a definitive agreement with Verizon. The landmark deal will provide direct-to-cellular satellite service starting in 2026, a move that has largely overshadowed concerns from a recent filing to sell up to $800 million in stock.
Benzinga Edge Rankings: Underscoring the stock’s strong performance, Benzinga Edge rankings give AST SpaceMobile an exceptionally high momentum score of 98.69.
ASTS Price Action: AST SpaceMobile shares were up 5.75% at $86.75 at the time of publication Monday, according to Benzinga Pro. The stock is trading near its 52-week high of $91.41.
AST SpaceMobile stock is currently experiencing strong upward momentum and is significantly above its 50-day ($50.88), 100-day ($46.61) and 200-day ($35.76) moving averages. The stock is approaching its 52-week high of $91.41, indicating potential resistance at this level, while the recent low of $17.50 serves as a strong support point.
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How To Buy ASTS Stock
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in AST SpaceMobile’s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
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