AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) 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 completion of the sale, the president now directly owns 712,660 shares in the company, valued at approximately $16,476,699.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
AST SpaceMobile Trading Up 3.3 %
NASDAQ ASTS traded up $0.83 during trading hours on Monday, hitting $26.15. 15,953,353 shares of the company’s stock were exchanged, compared to its average volume of 10,629,469. The business’s 50 day moving average is $25.48 and its 200-day moving average is $12.94. The company has a debt-to-equity ratio of 0.83, a quick ratio of 6.38 and a current ratio of 6.38. AST SpaceMobile, Inc. has a 12-month low of $1.97 and a 12-month high of $39.08. The firm has a market capitalization of $6.73 billion, a P/E ratio of -27.06 and a beta of 1.63.
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 for the quarter, topping the consensus estimate 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, analysts anticipate that AST SpaceMobile, Inc. will post -0.88 EPS for the current fiscal year.
Hedge Funds Weigh In On AST SpaceMobile
Analysts Set New Price Targets
A number of research firms have recently weighed in on ASTS. Deutsche Bank Aktiengesellschaft boosted their price target on AST SpaceMobile from $22.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. B. Riley upped their target price on shares of AST SpaceMobile from $26.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, August 29th. UBS Group lifted their price target on shares of AST SpaceMobile from $13.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Finally, Scotiabank upped their price objective on shares of AST SpaceMobile from $28.00 to $45.90 and gave the company a “sector outperform” rating in a research note on Monday, August 26th.
Check Out Our Latest Analysis on AST SpaceMobile
AST SpaceMobile Company Profile
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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