Jim Cramer Says We’re Entering a Bear Market and Breaks Down These 10 Stocks

5. AST SpaceMobile, Inc. (NASDAQ:ASTS)

Number of Hedge Fund Holders: 22

A caller asked Jim Cramer about AST SpaceMobile, Inc. (NASDAQ:ASTS), and 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. What has to happen is I think they should take on a partner. I do think that they’ve got a very interesting way to- look it’s a good telecom company partner, but what really matters to me is they’ve got to either start making money or get someone to give them some money. Right now, I think you’re too up in the air in this particular stock market.”

AST SpaceMobile is building a satellite-based cellular broadband network designed to provide connectivity directly to mobile phones, especially in remote and underserved areas. Despite an ambitious vision and strategic partnerships with global telecom giants, the company remains pre-revenue and highly capital-intensive.

Jim Cramer has never been particularly a fan of AST SpaceMobile, Inc. (NASDAQ:ASTS), based on his previous comments on the stock around the end of 2024, when he said that is a speculative stock and mentioned he doesn’t want it to make up a significant portion of an investment portfolio:

“There’s a whole bunch of stocks that all are very speculative and if people wanna speculate, I am not against it. I just don’t want it to be a large part of your portfolio. This company’s losing money hand over fist. Doesn’t mean the stock can’t go down, but it does mean that it’s not worth anything other than a spec.”