For individuals who have set New Year’s goals to purchase stocks AST SpaceMobile ( ASTS -11.09% ) , The year 2024 has been a positive experience. AST SpaceMobile is working on creating a broadband network in space, and its stock has surged by 540% since the beginning of the year.
However, how have investors who have retained the stock since its initial public offering fared? Let’s delve into the factors influencing investor perception of this emerging space company and its stock performance.
The growth of this space stock has been phenomenal.
AST SpaceMobile was established in 2017 and started trading on April 7, 2021, right after finishing its operations. SPAC AST SpaceMobile’s stock debuted at $11.63 per share and reached a peak of $12.47 on its first day of trading, closing at $11.81. However, over the next three years, investors who purchased shares in April 2021 saw the stock’s value drop significantly by over 81% by April 2024.
Nevertheless, individuals who had the determination to hold onto the investment for more than three years have generally seen positive outcomes. The stock began to gain momentum in May, following the finalization of a significant business deal with the company. AT&T They are offering their initial satellite-based internet service directly to common mobile phones and have maintained their presence. sweltering during the summer As a result, individuals who put $10,000 into the market at the beginning have watched their investments grow to approximately $33,200 by August 19th.
Do not be shocked if stock prices decrease.
AST SpaceMobile’s stock has experienced a significant increase in value in the last three years due to the anticipation of the company successfully implementing its expansion strategies. However, there are important aspects that prospective investors should take into account before making any investment decisions. spending a significant sum of money rapidly without succeeding in generating significant income.
Currently, it is advisable for individuals monitoring AST SpaceMobile to observe from a distance and wait for the stock to decrease before considering investing in it.
