What's Going On With AST SpaceMobile Stock Wednesday?

AST SpaceMobile Inc. ASTS is expected to report earnings on August 27.

What To Know: AST SpaceMobile will report earnings for the 2024 fiscal year second quarter. Analysts estimate a loss of 22 cents per share and revenue of $21 million.

What Else: Last week, the company’s five BlueBird satellites arrived at Cape Canaveral where the satellites will be launched from in September. These satellites were built at the company’s 185,000 square foot facility in Midland, Texas.

AST Space Mobile aims to create the first space-based cellular broadband network accessible directly by everyday smartphones, designed for both commercial and government applications.

How To Buy AST SpaceMobile Shares

By now you're likely curious about how to participate in the market for AST SpaceMobile ASTS – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of AST SpaceMobile ASTS, which is trading at $21.45 as of publishing time, $100 would buy you 4.66 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

Related Link: Big Tech Breakup ‘Highly Unlikely’ Despite Google’s DOJ Antitrust Setback, Says Wedbush’s Dan Ives, But Expect ‘Business Model Tweaks’

ASTS Price Action: AST SpaceMobile shares are trading 1.6% higher at $20.62 at the time of writing per data from Benzinga Pro.

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