Here's Why AST SpaceMobile Stock Is a Buy Before March 3
The producer of LEO satellites still looks like a promising long-term investment.
AST SpaceMobile (NASDAQ: ASTS), a producer of low earth orbit (LEO) satellites for cellular networks, saw its stock soar more than 840% over the past 12 months. That rally was fueled by the launches of its first commercial satellites and new contracts.
With the market hovering near its all-time highs, many investors might be wary of chasing AST's high-flying stock. Nevertheless, I think it's still wise to nibble on AST's volatile shares ahead of its fourth-quarter report on March 3 for five simple reasons.
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