NewsHK
AST SpaceMobile shares trade at $63.12, sitting 52.8% below their 52-week high of $133.86, yet Roth MKM maintains a Buy rating with a $108.00 price target.
This valuation implies 71.1% upside for investors, a stance that contrasts with the stock's recent decline following a failed satellite launch and six consecutive earnings misses.
The recent price action reflects specific operational setbacks.
A Blue Origin rocket failed to place the BlueBird 7 satellite in the correct orbit, resulting in a $125.9 million loss on involuntary conversion in the second quarter. This news triggered a 15% drop in shares.
Keep reading