ASTS, CIFR and JOBY Hit Fresh 52-Week Lows
AST SpaceMobile, Cipher Digital and Joby Aviation hit fresh 52-week lows on Tuesday. The report cites a Wall Street downgrade, an $850 million convertible debt offering and mounting cash burn among investor concerns.
AST SpaceMobile (ASTS), Cipher Digital (CIFR) and Joby Aviation (JOBY) reached new 52-week lows on Tuesday. Investors were unsettled by a Wall Street downgrade, an $850 million convertible debt offering and rising cash burn. Increasing competition from SpaceX and worries about possible shareholder dilution…