AST SpaceMobile (NASDAQ:ASTS) Shares Gap Up - What's Next?

AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $17.72, but opened at $18.52. AST SpaceMobile shares last traded at $18.57, with a volume of 2,148,366 shares traded.

Wall Street Analyst Weigh In

ASTS has been the topic of a number of research analyst reports. UBS Group boosted their price target on AST SpaceMobile from $30.00 to $31.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Scotiabank dropped their target price on shares of AST SpaceMobile from $44.70 to $40.20 and set a "sector outperform" rating for the company in a research report on Friday, January 24th.

AST SpaceMobile Price Performance

The firm has a market cap of $6.69 billion, a PE ratio of -10.89 and a beta of 1.62. The firm has a fifty day simple moving average of $22.39 and a two-hundred day simple moving average of $24.17. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.80 and a current ratio of 5.80.

Institutional Investors Weigh In On AST SpaceMobile

Large investors have recently bought and sold shares of the business. Fairfield Financial Advisors LTD purchased a new position in shares of AST SpaceMobile in the 3rd quarter worth $26,000. Hollencrest Capital Management purchased a new stake in AST SpaceMobile during the third quarter valued at approximately $26,000. Golden State Wealth Management LLC bought a new stake in shares of AST SpaceMobile in the 4th quarter valued at approximately $46,000. Rakuten Securities Inc. purchased a new position in shares of AST SpaceMobile in the 3rd quarter worth approximately $68,000. Finally, Sunbelt Securities Inc. increased its position in shares of AST SpaceMobile by 3,380.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 3,480 shares of the company's stock valued at $91,000 after purchasing an additional 3,380 shares during the last quarter. Institutional investors own 60.95% of the company's stock.

About AST SpaceMobile

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.