AST SpaceMobile (ASTS) Stock Hit A New 52-Week High Today: What's Going On?

Shares of AST SpaceMobile Inc (NASDAQ:ASTS) are continuing their upward trend Thursday afternoon, marking a year-to-date increase of nearly 200%. Here’s what investors need to know.

What To Know: The stock’s momentum follows strong gains on Wednesday, driven by the company’s announcement that its BlueBird 6 satellite has completed final assembly and testing.

This milestone officially begins the company’s next-generation launch campaign, with BlueBird 6 scheduled to head to India on October 12. Following this news, Barclays raised its price target on the stock to $60.

AST SpaceMobile is targeting the launch of a new satellite every one to two months throughout 2025 and 2026, with plans for a constellation of 45 to 60 satellites by the end of 2026.

The company is also on track to deploy intermittent service in the U.S. by the end of 2025, followed by the U.K., Japan and Canada in the first quarter of 2026.

Benzinga Edge Rankings: Highlighting the stock’s strong market performance, Benzinga Edge rankings assign ASTS an impressive Momentum score of 95.97.

ASTS Price Action: AST SpaceMobile shares were up 14.38% at $65.14 at the time of publication Thursday, according to Benzinga Pro. The stock is trading near its 52-week high of $60.95.

The current price of $64.19 is significantly above the 50-day ($48.01), 100-day ($43.13) and 200-day ($33.91) moving averages, suggesting a robust upward trend. Immediate support can be observed around the previous high of $60.95, while resistance may form near the intraday high of $64.33.

Read Also: Where AST SpaceMobile Stands With Analysts

How To Buy ASTS Stock

By now you're likely curious about how to participate in the market for AST SpaceMobile – 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.

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.

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