Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 10,222,405 shares changed hands during mid-day trading, a decline of 3% from the previous session's volume of 10,517,348 shares.The stock last traded at $32.17 and had previously closed at $26.51.
Analyst Ratings Changes
A number of research analysts have recently commented on ASTS shares. Scotiabank dropped their price target on AST SpaceMobile from $44.70 to $40.20 and set a "sector outperform" rating for the company in a research note on Friday, January 24th. UBS Group increased their price target on AST SpaceMobile from $30.00 to $31.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Finally, Cantor Fitzgerald started coverage on AST SpaceMobile in a research note on Thursday, February 6th. They issued an "overweight" rating and a $30.00 price target for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $40.04.
Read Our Latest Report on AST SpaceMobile
AST SpaceMobile Stock Up 6.8 %
The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of -15.14 and a beta of 1.62. The stock has a fifty day moving average of $23.20 and a two-hundred day moving average of $24.83. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.80 and a quick ratio of 5.80.
Institutional Trading of AST SpaceMobile
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in AST SpaceMobile by 49.4% during the 4th quarter. Vanguard Group Inc. now owns 14,987,351 shares of the company's stock worth $316,233,000 after acquiring an additional 4,955,941 shares during the period. Geode Capital Management LLC grew its holdings in AST SpaceMobile by 7.0% during the 4th quarter. Geode Capital Management LLC now owns 3,496,825 shares of the company's stock worth $73,801,000 after acquiring an additional 229,759 shares during the period. State Street Corp grew its holdings in AST SpaceMobile by 14.8% during the 3rd quarter. State Street Corp now owns 3,091,577 shares of the company's stock worth $80,845,000 after acquiring an additional 399,713 shares during the period. T. Rowe Price Investment Management Inc. acquired a new stake in AST SpaceMobile during the 4th quarter worth about $59,523,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in AST SpaceMobile by 11.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,266,713 shares of the company's stock worth $26,728,000 after acquiring an additional 135,008 shares during the period. 60.95% of the stock is currently owned by institutional investors and hedge funds.
AST SpaceMobile Company Profile
(
Get Free Report)
AST SpaceMobile, Inc, together with its subsidiaries, develops and provides access to a space-based cellular broadband network for smartphones in the United States. Its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.
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