AST SpaceMobile, Inc. (NASDAQ:ASTS) is one of the 11 stocks Jim Cramer put under the microscope recently. A caller asked what Cramer thought of the company, and this is what Cramer said in response:
“Listen, sunshine, that stock is up like 50 points… yeah, this stock is straight up from 20s to the 50s. What we have to do is tomorrow we gotta ring the register a little bit and say to ourselves, congratulations, and go buy yourself something fabulous, okay? Because you just hit it out of the park.”
An aerial view of a communications satellite in orbit, beaming its signal down to Earth.
AST SpaceMobile (NASDAQ:ASTS) develops the BlueBird satellite constellation to deliver space-based cellular broadband that connects directly to smartphones. The company’s service targets users beyond the reach of traditional ground-based networks, including commercial and government applications. On March 28, the company was mentioned by Cramer when he said:
“The biggest problem is that they’ve got a hideous balance sheet, and I don’t like hideous balance sheets. What has to happen is I think they should take on a partner. I do think that they’ve got a very interesting way to- look it’s a good telecom company partner, but what really matters to me is they’ve got to either start making money or get someone to give them some money. Right now, I think you’re too up in the air in this particular stock market.”
While we acknowledge the potential of ASTS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
