AST SpaceMobile Is Up 550% This Year: Is It Too Late to Buy the Stock?

Many companies went public via mergers with special purpose acquisition companies (SPACs) in 2020 and 2021. These public blank-check companies enabled private companies to avoid the slower and more rigorous initial public offering (IPO) process to hit the markets in a zero-percent interest rate environment that stoked investors' appetites for more speculative investments.Unfortunately, most of them haven't worked out. Many have since gone bankrupt or trade well below their former highs today.AST SpaceMobile (NASDAQ: ASTS) was in that group until shares exploded higher earlier this year. The stock is now approaching $30, a 550% return over the past year.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool