Asts stock price forecast gains credibility from insider buying

ASTS stock price forecast gains credibility from insider buying activity reported in late June 2024, which historically precedes upward moves in the equity. While the US Maritime Alliance has offered wage and pension boosts, negotiations have still stalled. The strike could cause major disruptions to imports, especially food, clothing, and car shipments, with potential economic losses of $4 or $5 billion per week. The company forecasts revenue from $50 to $75 in H2, a quadruple-digit increase that will likely lead to sustained hyper-growth. ASTS stock price forecast shows increased investor interest amid Q2 2024 volatility, with current trading levels holding near $3.