AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) shares rose 9.3% on Thursday . The company traded as high as $26.88 and last traded at $27.02. Approximately 3,000,705 shares traded hands during trading, a decline of 69% from the average daily volume of 9,747,061 shares. The stock had previously closed at $24.71.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on ASTS. Scotiabank cut their price target on shares of 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. Cantor Fitzgerald started coverage on shares of AST SpaceMobile in a research note on Thursday. They issued an "overweight" rating and a $30.00 target price for the company. Finally, UBS Group boosted their price target on AST SpaceMobile from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $40.04.
Check Out Our Latest 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's 50-day moving average price is $22.55 and its two-hundred day moving average price is $24.43.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of ASTS. Fairfield Financial Advisors LTD acquired a new position in shares of AST SpaceMobile in the third quarter valued at approximately $26,000. Hollencrest Capital Management acquired a new position in AST SpaceMobile in the 3rd quarter valued at $26,000. Golden State Wealth Management LLC bought a new position in AST SpaceMobile during the 4th quarter worth $46,000. AlphaQuest LLC acquired a new stake in shares of AST SpaceMobile during the fourth quarter worth $67,000. Finally, Rakuten Securities Inc. bought a new stake in shares of AST SpaceMobile in the third quarter valued at about $68,000. 60.95% of the stock is owned by institutional investors.
AST SpaceMobile Company Profile
(
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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.
Further Reading
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