CMB Stock News Of The Day 📰🗞️🗞️📈📉

“AST SpaceMobile Shares Sink After Barclays Downgrades Stock to “Underweight” 🚨🚨🚨

AST SpaceMobile (ASTS) shares tumbled in early trading after Barclays downgraded the stock from “overweight” to “underweight,” signaling a bearish outlook. Analysts pointed to the company’s lofty valuation and ongoing losses as reasons for caution.

The satellite-to-cellular communications firm has seen a massive rally—up nearly 120% over the past month—but with a price-to-forward-sales ratio of about 140x (compared to roughly 5x for the Nasdaq Composite), analysts say the stock may be due for a reality check and pullback.