Jim Cramer on AST SpaceMobile: “This One Right Now Is on the Miss Cycle”

AST SpaceMobile, Inc. (NASDAQ:ASTS) was among the stocks Jim Cramer discussed as he said that the Iran peace negotiations could trigger an oil glut, cool inflation, and pull interest rates down. During the episode, a club member sought Cramer’s opinion on the stock, and he replied:

Alright, now, we looked at all these satellite and rocket stocks and came back with a very mixed view of them because they’re so hit or miss. This one right now is on the miss cycle. Now, strangely, when in the miss cycle, I like them. When they hit… hit cycle, I don’t. This is low enough that I think you ought to take, it’s a flier, remember, you’re allowed to have, every five stocks, you can have one that is speculative. For every five stocks… of that I want rigor, you can have one that is just about your heart. How about that? And anyway, it is passion versus rigor, and it’s speculation versus pure investment. I don’t mind people having one of each and one of each.

Image by Sergei Tokmakov Terms.Law from Pixabay

AST SpaceMobile, Inc. (NASDAQ:ASTS) builds and operates the BlueBird satellite network. The company delivers space-based cellular broadband that connects directly to standard smartphones.

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