Better Breakout Growth Stock: AST SpaceMobile vs. IonQ
AST SpaceMobile (NASDAQ: ASTS) and IonQ (NYSE: IONQ) are both speculative growth stocks that trade at sky-high valuations. AST, a developer of satellites for cellular communications, trades at 175 times this year's estimated sales. IonQ, a developer of quantum computing systems, trades at 36 times this year's sales. Both companies are expected to remain unprofitable for the foreseeable future.
AST SpaceMobile and IonQ both seem like risky stocks to hold as high interest rates and other macro headwinds rattle the markets, but they could also grow into their valuations if they achieve their ambitious goals. So, which of these speculative plays is more likely to become a hot breakout growth stock over the next few years?
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Source Fool.com
