AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) CTO Huiwen Yao sold 45,000 shares of AST SpaceMobile stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $24.26, for a total transaction of $1,091,700.00. Following the sale, the chief technology officer now owns 55,000 shares of the company’s stock, valued at approximately $1,334,300. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
AST SpaceMobile Price Performance
NASDAQ ASTS traded up $0.46 during trading hours on Thursday, reaching $23.07. The company’s stock had a trading volume of 7,164,204 shares, compared to its average volume of 10,579,691. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.38 and a quick ratio of 6.38. AST SpaceMobile, Inc. has a 1-year low of $1.97 and a 1-year high of $39.08. The company’s 50-day moving average is $26.73 and its two-hundred day moving average is $14.07. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of -23.59 and a beta of 1.62.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.00 million. On average, equities analysts predict that AST SpaceMobile, Inc. will post -0.88 EPS for the current year.
Analysts Set New Price Targets
Check Out Our Latest Analysis on AST SpaceMobile
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of ASTS. BNP Paribas purchased a new stake in shares of AST SpaceMobile during the first quarter worth $43,000. Principal Financial Group Inc. acquired a new position in shares of AST SpaceMobile during the 1st quarter worth approximately $45,000. Cantor Fitzgerald L. P. purchased a new stake in shares of AST SpaceMobile in the fourth quarter valued at approximately $66,000. Black Maple Capital Management LP acquired a new stake in shares of AST SpaceMobile in the first quarter valued at approximately $87,000. Finally, Future Financial Wealth Managment LLC purchased a new position in AST SpaceMobile during the third quarter worth approximately $105,000. 60.95% of the stock is owned by hedge funds and other institutional investors.
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.
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