After it completed its first-ever direct voice connection to its satellite, AST SpaceMobile, Inc. (NASDAQ: ASTS) shared another historical milestone with its BlueWalker 3 communicating with an everyday smartphone through 4G. ASTS stock is currently up 66% YTD and could soar even higher with any major catalyst due to the high short interest the stock is seeing.
ASTS Fundamentals
Another Milestone
ASTS reached another milestone after it confirmed 4G capabilities for everyday smartphones directly from space, and has reached initial speeds up to 10.3 Mbps. That, coupled with ASTS making the first direct voice connection to its satellite, would mean that the company has the capability to connect people no matter their location which would be a huge leap in the communication space. Furthermore, ASTS intends to test the enablement of 5G cellular broadband as a major milestone which would be a huge accomplishment given the slow global adoption of 5G.
Short Data
Despite ASTS recently announcing multiple milestones, its short interest has increased to 24.02% and nearly 26% of its float on loan, with a 100% utilization rate. The new announcement of BlueWalker 3 4G capabilities raises the possibility of ASTS stock skyrocketing due to a short squeeze.
Technical Analysis
ASTS stock’s trend is bullish with the stock trading in an upwards channel. Looking at the indicators, the stock is trading above the 200, 50, and 21 MAs which are bullish indications. Meanwhile, the RSI is neutral at 62 and the MACD is approaching a bearish crossover.
As for the fundamentals, ASTS stock just witnessed a catalyst in the announcement of BlueWalker 3 4G capabilities. ASTS officially joining the Russell 2000 and Russell 3000 indexes will be a future catalyst that may trigger a short squeeze due to the high short interest rate.
ASTS Forecast
ASTS has reached another huge milestone by confirming BlueWalker 3’s 4G capabilities after it made the first-ever space-based voice call directly to an unmodified smartphone. Furthermore, ASTS will join the Russell 2000 and Russell 3000 indexes on June 26. Given the stock’s high short interest, ASTS stock could be poised to soar soon as a short squeeze could be likely to occur.
ASTS Fundamentals
Another Milestone
ASTS reached another milestone after it confirmed 4G capabilities for everyday smartphones directly from space, and has reached initial speeds up to 10.3 Mbps. That, coupled with ASTS making the first direct voice connection to its satellite, would mean that the company has the capability to connect people no matter their location which would be a huge leap in the communication space. Furthermore, ASTS intends to test the enablement of 5G cellular broadband as a major milestone which would be a huge accomplishment given the slow global adoption of 5G.
Short Data
Despite ASTS recently announcing multiple milestones, its short interest has increased to 24.02% and nearly 26% of its float on loan, with a 100% utilization rate. The new announcement of BlueWalker 3 4G capabilities raises the possibility of ASTS stock skyrocketing due to a short squeeze.
Technical Analysis
ASTS stock’s trend is bullish with the stock trading in an upwards channel. Looking at the indicators, the stock is trading above the 200, 50, and 21 MAs which are bullish indications. Meanwhile, the RSI is neutral at 62 and the MACD is approaching a bearish crossover.
As for the fundamentals, ASTS stock just witnessed a catalyst in the announcement of BlueWalker 3 4G capabilities. ASTS officially joining the Russell 2000 and Russell 3000 indexes will be a future catalyst that may trigger a short squeeze due to the high short interest rate.
ASTS Forecast
ASTS has reached another huge milestone by confirming BlueWalker 3’s 4G capabilities after it made the first-ever space-based voice call directly to an unmodified smartphone. Furthermore, ASTS will join the Russell 2000 and Russell 3000 indexes on June 26. Given the stock’s high short interest, ASTS stock could be poised to soar soon as a short squeeze could be likely to occur.