AST SpaceMobile +6.6% Breakout Above $65 Fuels $73 Upside Case
$AST SpaceMobile, Inc.(ASTS)$
AST SpaceMobile(ASTS) Rockets +6.58%: Space Communications Pioneer Breaks Above $65, Analyst Targets Signal $73 Runway
Latest Close Data
ASTS closed at $65.93 on Dec 19, surging +6.58% (+$4.07) with intraday range of $64.01-$67.68.
Stock trades 35.9% below 52-week high of $102.79, showing resilient momentum after recent consolidation.
Core Market Drivers
Space-based cellular technology momentum drives institutional interest as ASTS advances satellite constellation deployment.
Trading volume of 12.95M shares reflects heightened retail and institutional participation.
Strong afterhours activity at $66.20 suggests continued bullish sentiment into next session.
Technical Analysis
Volume ratio at 0.87x indicates moderate participation.
MACD shows positive divergence with DIF at 1.26 above DEA at 1.33, though histogram turned slightly negative at -0.15.
RSI(12) at 48.33 remains neutral, while RSI(6) at 44.20 suggests oversold conditions being relieved.
Key Price Levels
Primary Support: $55.52 (Dec 17 low)
Strong Resistance: $68.32 (previous resistance level)
Immediate Pivot: $65.00 (psychological round number)
Valuation Perspective
P/S ratio of 1,305.79x reflects early-stage revenue generation typical of emerging space technology companies.
Negative P/E of -50.94 aligns with growth-phase biotech/space sector averages as company prioritizes expansion over profitability.
Analyst Targets
9 analysts covering ASTS with average target of $73.23 (range: $43-$95).
Rating distribution: 5 Buy, 5 Hold, 1 Underperform, indicating cautious optimism about space communications market potential.
Weekly Outlook
Expect continued volatility in $62-$70 range as stock consolidates recent gains. Break above $68.32 resistance could trigger move toward $75 zone, while support failure below $60 may test $55 levels.
Risk Disclaimer
High-volatility growth stock. Space technology investments carry significant execution and regulatory risks. Not investment advice.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
