AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) was the target of unusually large options trading on Friday. Traders purchased 99,078 call options on the stock. This represents an increase of 28% compared to the typical daily volume of 77,319 call options.
AST SpaceMobile Stock Performance
AST SpaceMobile stock traded up $1.49 during midday trading on Friday, reaching $25.32. 24,210,156 shares of the company's stock were exchanged, compared to its average volume of 10,600,704. AST SpaceMobile has a 52 week low of $1.97 and a 52 week high of $39.08. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.38 and a current ratio of 6.38. The firm has a market cap of $6.52 billion, a price-to-earnings ratio of -22.58 and a beta of 1.63. The stock's 50-day simple moving average is $25.23 and its 200 day simple moving average is $12.65.
AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.14) EPS for the quarter, topping analysts' consensus estimates of ($0.19) by $0.05. The business had revenue of $0.90 million for the quarter, compared to the consensus estimate of $2.00 million. On average, analysts expect that AST SpaceMobile will post -0.88 earnings per share for the current fiscal year.
Insider Transactions at AST SpaceMobile
In related news, Director Adriana Cisneros purchased 4,934 shares of AST SpaceMobile stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of $26.32 per share, for a total transaction of $129,862.88. Following the transaction, the director now directly owns 774,772 shares of the company's stock, valued at $20,391,999.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 56.56% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On AST SpaceMobile
A number of institutional investors have recently made changes to their positions in ASTS. Victory Capital Management Inc. boosted its stake in shares of AST SpaceMobile by 5.5% in the second quarter. Victory Capital Management Inc. now owns 15,542 shares of the company's stock valued at $180,000 after buying an additional 814 shares during the period. Accordant Advisory Group Inc boosted its stake in shares of AST SpaceMobile by 2.0% in the second quarter. Accordant Advisory Group Inc now owns 162,823 shares of the company's stock valued at $1,890,000 after buying an additional 3,146 shares during the period. MBE Wealth Management LLC boosted its stake in shares of AST SpaceMobile by 34.1% in the second quarter. MBE Wealth Management LLC now owns 27,000 shares of the company's stock valued at $313,000 after buying an additional 6,870 shares during the period. Cantor Fitzgerald L. P. bought a new stake in shares of AST SpaceMobile in the fourth quarter valued at approximately $66,000. Finally, Calton & Associates Inc. bought a new stake in shares of AST SpaceMobile in the second quarter valued at approximately $128,000. Institutional investors own 60.95% of the company's stock.
Analyst Upgrades and Downgrades
ASTS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on AST SpaceMobile from $22.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. UBS Group lifted their price target on AST SpaceMobile from $13.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, August 15th. Scotiabank lifted their price target on AST SpaceMobile from $28.00 to $45.90 and gave the company a "sector outperform" rating in a research note on Monday, August 26th. Finally, B. Riley lifted their price target on AST SpaceMobile from $26.00 to $36.00 and gave the company a "buy" rating in a research note on Thursday, August 29th.
Check Out Our Latest Research Report on AST SpaceMobile
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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