AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report)'s share price gapped down before the market opened on Wednesday . The stock had previously closed at $20.14, but opened at $19.54. AST SpaceMobile shares last traded at $18.04, with a volume of 4,498,250 shares trading hands.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Scotiabank cut their price target on shares of AST SpaceMobile from $44.70 to $40.20 and set a "sector outperform" rating on the stock in a report on Friday, January 24th. UBS Group lifted their price objective on shares of AST SpaceMobile from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Friday, November 15th.
Read Our Latest Stock Analysis on ASTS
AST SpaceMobile Stock Performance
The company has a debt-to-equity ratio of 0.31, a current ratio of 5.80 and a quick ratio of 5.80. The company has a 50 day simple moving average of $22.45 and a 200-day simple moving average of $23.96. The stock has a market capitalization of $5.86 billion, a P/E ratio of -9.55 and a beta of 1.64.
Institutional Investors Weigh In On AST SpaceMobile
Several large investors have recently added to or reduced their stakes in ASTS. Geode Capital Management LLC boosted its position in AST SpaceMobile by 9.4% during the third quarter. Geode Capital Management LLC now owns 3,267,066 shares of the company's stock worth $85,450,000 after purchasing an additional 281,749 shares during the period. State Street Corp lifted its stake in shares of AST SpaceMobile by 14.8% during the 3rd quarter. State Street Corp now owns 3,091,577 shares of the company's stock valued at $80,845,000 after buying an additional 399,713 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in AST SpaceMobile by 228.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,131,705 shares of the company's stock worth $29,594,000 after buying an additional 787,566 shares during the period. Oppenheimer & Co. Inc. grew its stake in AST SpaceMobile by 6.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 846,072 shares of the company's stock valued at $22,125,000 after buying an additional 47,600 shares in the last quarter. Finally, Privium Fund Management B.V. purchased a new stake in shares of AST SpaceMobile during the third quarter worth $21,476,000. Hedge funds and other institutional investors own 60.95% of the company's stock.
About AST SpaceMobile
(
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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