Is AST SpaceMobile Stock a Buy?
It's been a banner year for AST SpaceMobile (NASDAQ: ASTS). The satellite designer and manufacturer has made huge deals with major telecom providers during the year, and the stock has surged by 1,153% since slumping to its 52-week low in April.
The company recently launched five of its satellites, validating its position in the space-based cellular broadband network industry. With the stock now down by 35% from the all-time high it reached in August, is now a good time to buy?
Over the past several years, private companies have taken over space exploration and infrastructure development.
Source Fool.com
