Jim Cramer Says “ASTS is a Perfect Spec”

AST SpaceMobile, Inc. (NASDAQ:ASTS) is one of the stocks Jim Cramer shared his opinions on. A caller asked for Cramer’s opinion on the stock, and he remarked:

“Well… you heard the word space. Now I know this is, people are going to say, what the heck has Cramer spoken? Well, actually, I’ve been right about every single one of these, as you know. But what really does matter to me is, is that this is your spec. You’re allowed to have a spec. I say it… all you gotta do is have one spec. You’re allowed it. You can’t have two unless you’re very, very young. And that ASTS is a perfect spec.”

Image by MayoFi from Pixabay

AST SpaceMobile, Inc. (NASDAQ:ASTS) develops the BlueBird satellite constellation to deliver space-based cellular broadband directly to smartphones. Its SpaceMobile service enables connectivity for commercial, government, and remote users beyond terrestrial network coverage. When a caller inquired about the company in a June episode, Cramer replied:

“Listen, sunshine, that stock is up like 50 points… yeah, this stock is straight up from 20s to the 50s. What we have to do is tomorrow we gotta ring the register a little bit and say to ourselves, congratulations, and go buy yourself something fabulous, okay? Because you just hit it out of the park.”

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Disclosure: None. This article is originally published at Insider Monkey.