"The stock has rebounded sharply in December, and retail sentiment across Reddit and X has reached remarkably bullish levels. Over the past seven days, ASTS maintained an average sentiment score of 87 out of 100 on Reddit, with zero negative periods recorded. The latest reading hit 92, firmly in "very bullish" territory. By comparison, Rocket Lab ( NASDAQ: RKLB), a frequent peer in space-sector discussions, averaged 79 over the same period."
"Yet the valuation remains extreme. AST SpaceMobile trades at 1,465 times trailing sales compared to Rocket Lab's 47 times. ASTS generated just $18.5 million in revenue over the past twelve months against a $27.16 billion market cap, while RKLB posted $554.5 million. Both companies are unprofitable, but RKLB's 48% quarterly revenue growth dwarfs ASTS's 12.4%. Despite this, ASTS commands the premium, driven entirely by future expectations tied to its satellite broadband network."
"Both companies are unprofitable, but RKLB's 48% quarterly revenue growth dwarfs ASTS's 12.4%. Despite this, ASTS commands the premium, driven entirely by future expectations tied to its satellite broadband network. Momentum Intact, But Risks Remain Significant Technical indicators support the bullish narrative. ASTS's RSI sits at 62.71, well below overbought levels despite the massive year-to-date gain. The stock recovered from an RSI of 30.94 on November 20, adding nearly 27 points in two weeks."
AST SpaceMobile shares reached $69.90, up 185% year-to-date after a volatile November and a strong December rebound. Retail sentiment on Reddit and X registered extremely bullish readings, with a seven-day Reddit sentiment average of 87 and a latest score of 92. ASTS trades at about 1,465 times trailing sales on $18.5 million revenue over the past twelve months versus Rocket Lab’s 47 times on $554.5 million. Both companies are unprofitable, but Rocket Lab shows far higher recent revenue growth. Technical indicators show RSI at 62.71 after recovering from 30.94, indicating momentum amid significant valuation risk.
Read at 24/7 Wall St.
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