One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Ast Spacemobile now clears that threshold, with a jump from 65 to 83 Monday before the open. It did close at 76, still a positive move up.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating of above 80 in the early stages of their moves.
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While it's not currently an ideal time to buy shares, see if the stock goes on to offer and clear a proper buy point. It is a lower priced stock, so subject to bigger price swings. Volume has also been drying up after a few big spikes.
Earnings Preview
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 64%, compared to 0% in the prior report. Revenue increased from 17% to 130%. Next earnings report due May 18, 2022 according to MarketSmith.
Ast Spacemobile Stock earns the No. 3 rank among its peers in the Telecom Services-Cable/Satellite industry group. Liberty Global is also among the group's highest-rated stocks.
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