Ast Spacemobile, Inc. (Nasdaq: ASTS) is one of the 11 Stocks Jim Cramer recently put under a microscope. A caller asked what Cramer thought of the company, and that’s what Cramer said in response:
“Listen, Sunshine, this stock is increasing as 50 points … Yeah, this stock went directly from the 1950s to the 1950s. What we have to do is tomorrow, we have to do a little register and tell us, congratulations, and go buy something fabulous, okay? Because you just got out of the park.”
An aerial view of an orbit communication satellite, radiating its signal on earth.
AST Spacemobile (NASDAQ: ASTS) is developing the BlueBird satellite constellation to provide high spatial cellular flow that connects directly to smartphones. The company service targets users out of reach of traditional soil networks, including commercial and government applications. On March 28, the company was mentioned by Cramer when it said:
“The biggest problem is that they have a hideous assessment, and I don’t like hideous balance sheets. What must happen is that I think they should face a partner. I think they have a very interesting way to watch is a good telecommunications partner, but what really matters to me is that they have to start making money or giving them money.
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Read then: The best and the worst dow stocks for the next 12 months And 10 unstoppable actions that could double your money.
Disclosure: None.
