AST SpaceMobile, Inc. (NASDAQ:ASTS) Short Interest Update

AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 41,560,000 shares, a growth of 7.5% from the September 15th total of 38,670,000 shares. Based on an average daily volume of 16,750,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 29.8% of the company's shares are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ASTS shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of AST SpaceMobile from $22.00 to $63.00 and gave the company a "buy" rating in a research note on Wednesday, September 4th. Scotiabank upped their target price on AST SpaceMobile from $28.00 to $45.90 and gave the stock a "sector outperform" rating in a report on Monday, August 26th. B. Riley increased their target price on AST SpaceMobile from $26.00 to $36.00 and gave the stock a "buy" rating in a research report on Thursday, August 29th. Finally, 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 report on Thursday, August 15th.

Insider Buying and Selling at AST SpaceMobile

In related news, President Scott Wisniewski sold 2,700 shares of AST SpaceMobile stock in a transaction on Monday, September 30th. The shares were sold at an average price of $23.12, for a total value of $62,424.00. Following the transaction, the president now directly owns 712,660 shares of the company's stock, valued at $16,476,699.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Shanti B. Gupta sold 80,000 shares of the business's stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $25.83, for a total transaction of $2,066,400.00. Following the transaction, the chief operating officer now directly owns 393,232 shares of the company's stock, valued at approximately $10,157,182.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Scott Wisniewski sold 2,700 shares of the company's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $23.12, for a total value of $62,424.00. Following the transaction, the president now owns 712,660 shares of the company's stock, valued at approximately $16,476,699.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 127,700 shares of company stock worth $3,220,524. 56.56% of the stock is currently owned by insiders.

Institutional Trading of AST SpaceMobile

Several institutional investors have recently bought and sold shares of ASTS. Janus Henderson Group PLC lifted its stake in shares of AST SpaceMobile by 209.9% in the first quarter. Janus Henderson Group PLC now owns 7,450,467 shares of the company's stock worth $21,606,000 after buying an additional 5,046,667 shares in the last quarter. Vanguard Group Inc. boosted its stake in AST SpaceMobile by 49.9% during the 1st quarter. Vanguard Group Inc. now owns 6,663,760 shares of the company's stock valued at $19,325,000 after purchasing an additional 2,217,531 shares during the last quarter. Masters Capital Management LLC purchased a new position in shares of AST SpaceMobile in the first quarter worth $2,900,000. Oppenheimer & Co. Inc. bought a new position in shares of AST SpaceMobile during the second quarter valued at $9,270,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of AST SpaceMobile during the second quarter valued at $4,757,000. 60.95% of the stock is owned by hedge funds and other institutional investors.

AST SpaceMobile Stock Up 16.4 %

Shares of NASDAQ ASTS traded up $3.97 on Wednesday, reaching $28.22. 14,401,438 shares of the company's stock traded hands, compared to its average volume of 10,572,388. The business's 50 day simple moving average is $27.12 and its two-hundred day simple moving average is $14.75. AST SpaceMobile has a 12 month low of $1.97 and a 12 month high of $39.08. The company has a market cap of $7.27 billion, a price-to-earnings ratio of -28.80 and a beta of 1.62. The company has a quick ratio of 6.38, a current ratio of 6.38 and a debt-to-equity ratio of 0.83.

AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.19) by $0.05. The company had revenue of $0.90 million for the quarter, compared to analysts' expectations of $2.00 million. As a group, equities research analysts forecast that AST SpaceMobile will post -0.88 EPS for the current fiscal year.

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.