AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report)'s stock price traded down 1.8% during mid-day trading on Friday . The stock traded as low as $26.28 and last traded at $26.62. 8,018,791 shares were traded during trading, a decline of 22% from the average session volume of 10,294,140 shares. The stock had previously closed at $27.12.
Wall Street Analyst Weigh In
Several equities research analysts have commented on ASTS shares. Scotiabank lowered 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. Cantor Fitzgerald began coverage on shares of AST SpaceMobile in a report on Thursday, February 6th. They issued an "overweight" rating and a $30.00 target price on the stock. Finally, UBS Group raised their target price 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. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, AST SpaceMobile presently has a consensus rating of "Buy" and an average target price of $40.04.
Read Our Latest Stock Analysis on ASTS
AST SpaceMobile Price Performance
The business's 50-day moving average price is $22.92 and its two-hundred day moving average price is $24.70. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of -13.02 and a beta of 1.62. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.80 and a quick ratio of 5.80.
Hedge Funds Weigh In On AST SpaceMobile
Several hedge funds have recently made changes to their positions in the business. ExodusPoint Capital Management LP boosted its holdings in AST SpaceMobile by 237.1% during the fourth quarter. ExodusPoint Capital Management LP now owns 227,566 shares of the company's stock valued at $4,802,000 after acquiring an additional 160,068 shares during the period. Geode Capital Management LLC boosted its position in AST SpaceMobile by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 3,496,825 shares of the company's stock valued at $73,801,000 after buying an additional 229,759 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in shares of AST SpaceMobile by 106.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 2,372 shares of the company's stock worth $53,000 after buying an additional 1,222 shares during the last quarter. IPG Investment Advisors LLC grew its position in shares of AST SpaceMobile by 217.4% during the 4th quarter. IPG Investment Advisors LLC now owns 66,250 shares of the company's stock worth $1,398,000 after buying an additional 45,375 shares during the period. Finally, Summit Securities Group LLC bought a new stake in shares of AST SpaceMobile in the fourth quarter worth about $37,000. Institutional investors and hedge funds 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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