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Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Business

Business & Economics

Jim Cramer on AST SpaceMobile (ASTS): “They’ve Got a Hideous Balance Sheet”

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
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Mad Money host Jim Cramer opened the show highlighting a new AI company’s IPO .

Cramer shared his thoughts on what seemed like an underwhelming IPO and what this indicates about data center demand.

The host of Mad Money did not sugarcoat the current environment, and he believes that investors should brace for more pain ahead.

AST SpaceMobile, Inc. (NASDAQ: ASTS ) ranks 5th on our list of stocks that Jim Cramer discusses.

The company is building a satellite-based cellular broadband network designed to provide connectivity directly to mobile phones, especially in remote and underserved areas.

Cramer expressed concerns about the company’s financial condition: “The biggest problem is that they’ve got a hideous balance sheet, and I don’t like hideous balance sheets”.