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Satellite designer AST SpaceMobile (NASDAQ: $ASTS ) is a small-cap stock that is rocketing towards the heavens.

The Midland, Texas based company makes satellites that are used to provide broadband internet coverage to smartphones in hard-to-reach areas.

Its stock has been red hot over the past year, rising 721% over 12 months, including a 20% gain so far in 2025.

The results have trounced the performance of just about every other stock, including the technology giants that have market capitalizations of greater than $1 trillion U.S.

With its own market capitalization standing at $7.42 billion U.S., %ASTSpaceMobile is a small-cap concern. Yet it continues to provide shareholders with outsized gains.

The company just reported fourth-quarter 2024 financial results that beat Wall Street forecasts, sending its stock up further.

The start-up concern, which is not yet profitable, announced an earnings per share loss of -$0.18 U.S., which was better than a loss of -$0.19 U.S. expected among analysts.

Sales in the final three months of last year totaled $4.42 million U.S., which was ahead of the consensus expectation for quarterly revenue of $3.22 million U.S.

Even before the latest earnings beat, ASTS stock has been getting positive notices from Wall Street’s analyst community, helping to boost its share price.

On Feb. 26 of this year, analysts at Cantor Fitzgerald upgraded ASTS stock to a “Strong Buy” rating, sending the price up 17% in a single trading session.

While acknowledging that the stock is prone to volatility, Cantor Fitzgerald, and others, see AST SpaceMobile as a great way for investors to gain exposure to the burgeoning private satellite industry and red-hot space sector.