AST SpaceMobile, Inc. (ASTS) Stock Sinks As Market Gains: Here's Why

AST SpaceMobile (ASTS) closed down 10.55%, underperforming the broader market. The company holds a Zacks Rank #4 (Sell) rating with expected EPS of -$0.39 for the upcoming quarter, though revenue is projected to grow 206.56% year-over-year to $45.19 million. The Wireless Equipment industry ranks in the bottom 29% of all industries.