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As a satellite designer and manufacturer, AST SpaceMobile (ASTS) plays a pivotal role in the burgeoning space economy. Subsequently, it’s one of the most relevant enterprises in the market and its performance shows. Since the start of the year, ASTS stock has gained almost 251%, a simply blistering rally. At the same time, it’s fair to wonder whether the upswing is sustainable or not.
Sure, for both patient investors and near-term speculators, the rewards have been bountiful. For example, in the past five sessions, ASTS stock jumped over 39%, making it one of the top names during the period. However, since mid-October, the security slipped about 23%, which is a sizable loss. What’s more problematic, the options market — which is typically the domain of the smart money — is broadcasting pensiveness.