AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) rose 3% during mid-day trading on Wednesday . The company traded as high as $2.10 and last traded at $2.08. Approximately 537,128 shares were traded during trading, a decline of 88% from the average daily volume of 4,430,538 shares. The stock had previously closed at $2.02.
Wall Street Analysts Forecast Growth
ASTS has been the subject of a number of research reports. UBS Group initiated coverage on AST SpaceMobile in a research note on Friday, March 8th. They set a "buy" rating and a $7.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their price target on AST SpaceMobile from $23.00 to $19.00 and set a "buy" rating for the company in a research note on Wednesday, April 3rd. Finally, Scotiabank decreased their price target on AST SpaceMobile from $7.50 to $7.40 and set a "sector outperform" rating for the company in a research note on Tuesday, April 2nd.
View Our Latest Report on ASTS
AST SpaceMobile Price Performance
The business has a 50-day moving average price of $2.86 and a 200 day moving average price of $3.73. The company has a market cap of $524.88 million, a price-to-earnings ratio of -1.95 and a beta of 0.87. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.28.
Institutional Investors Weigh In On AST SpaceMobile
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of AST SpaceMobile by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 4,446,229 shares of the company's stock valued at $26,811,000 after acquiring an additional 103,030 shares during the last quarter. BlackRock Inc. lifted its position in shares of AST SpaceMobile by 273.3% during the 2nd quarter. BlackRock Inc. now owns 4,009,576 shares of the company's stock valued at $18,845,000 after acquiring an additional 2,935,470 shares during the last quarter. Broad Run Investment Management LLC lifted its position in shares of AST SpaceMobile by 74.8% during the 4th quarter. Broad Run Investment Management LLC now owns 3,962,853 shares of the company's stock valued at $23,896,000 after acquiring an additional 1,695,805 shares during the last quarter. Polar Asset Management Partners Inc. lifted its position in shares of AST SpaceMobile by 134.2% during the 2nd quarter. Polar Asset Management Partners Inc. now owns 1,745,399 shares of the company's stock valued at $8,203,000 after acquiring an additional 1,000,000 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of AST SpaceMobile by 101.3% during the 2nd quarter. Geode Capital Management LLC now owns 1,239,237 shares of the company's stock valued at $5,824,000 after acquiring an additional 623,669 shares during the last quarter. Institutional investors and hedge funds own 60.95% of the company's stock.
About AST SpaceMobile
(
Get Free Report)
AST SpaceMobile, Inc, together with its subsidiaries, operates space-based cellular broadband network for mobile phones in the United States. Its SpaceMobile service provides mobile broadband services to end-users who are out of terrestrial cellular coverage. AST SpaceMobile, Inc was founded in 2017 and is based in Midland, Texas.
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