AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) Director Adriana Cisneros acquired 4,934 shares of the stock in a transaction on Friday, September 6th. The shares were acquired at an average price of $26.32 per share, with a total value 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
AST SpaceMobile Stock Performance
Shares of NASDAQ ASTS opened at $26.79 on Friday. AST SpaceMobile, Inc. has a 1 year low of $1.97 and a 1 year high of $39.08. The firm has a 50-day simple moving average of $22.32 and a two-hundred day simple moving average of $10.98. 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 (NASDAQ:ASTS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.14) earnings per share (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. As a group, research analysts anticipate that AST SpaceMobile, Inc. will post -0.88 EPS for the current fiscal year.
Institutional Trading of AST SpaceMobile
Analyst Upgrades and Downgrades
ASTS has been the subject of several recent research reports. B. Riley lifted their price target on AST SpaceMobile from $26.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft lifted their target price on AST SpaceMobile from $22.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. UBS Group increased their price target on AST SpaceMobile from $13.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Finally, Scotiabank lifted their price objective on shares of AST SpaceMobile from $28.00 to $45.90 and gave the stock a “sector outperform” rating in a research note on Monday, August 26th.
Read Our Latest Stock Report 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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