Starfighters Space (NYSEAMERICAN:FJET) Stock Falls 9.4% - Here's Why

Key Points

• Starfighters Space shares fell 9.4% to $1.26 in Thursday trading, with about 1.11 million shares changing hands—22% below average volume.
• The company reported a quarterly loss of $0.24 per share; its stock has also traded well below its 50-day and 200-day moving averages.
• Insider Richard William Svetkoff sold 30,092 shares for approximately $118,863, while several institutional investors recently initiated or increased positions in FJET.

Starfighters Space, Inc. (NYSEAMERICAN:FJET - Get Free Report)'s stock price was down 9.4% on Thursday. The company traded as low as $1.2050 and last traded at $1.26. 1,109,425 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 1,419,401 shares. The stock had previously closed at $1.39.

Starfighters Space Trading Down 9.4%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.95 and a current ratio of 11.94. The company has a market capitalization of $69.30 million and a P/E ratio of -1.42. The company's fifty day simple moving average is $2.61 and its 200-day simple moving average is $4.46.

Starfighters Space (NYSEAMERICAN:FJET - Get Free Report) last posted its earnings results on Wednesday, August 19th. The company reported ($0.24) earnings per share (EPS) for the quarter.

Insider Buying and Selling at Starfighters Space

In other Starfighters Space news, major shareholder Richard William Svetkoff sold 30,092 shares of the business's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $3.95, for a total transaction of $118,863.40. Following the sale, the insider owned 13,119,179 shares of the company's stock, valued at approximately $51,820,757.05. The trade was a 0.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hedge Funds Weigh In On Starfighters Space

A number of institutional investors have recently bought and sold shares of FJET. Integrated Wealth Concepts LLC purchased a new position in Starfighters Space during the second quarter valued at approximately $35,000. Legacy Wealth Managment LLC ID purchased a new stake in Starfighters Space in the 2nd quarter worth approximately $53,000. Elevation Point Wealth Partners LLC boosted its position in Starfighters Space by 36.6% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 13,660 shares of the company's stock worth $81,000 after purchasing an additional 3,660 shares in the last quarter. Finally, MCF Advisors LLC acquired a new stake in shares of Starfighters Space during the 2nd quarter worth approximately $288,000.

Starfighters Space Company Profile

Starfighters Space, Inc is a U.S.-based aerospace company that operates a fleet of Lockheed F-104 Starfighter supersonic aircraft. The company uses these aircraft for high-speed and high-altitude flight activities, providing a platform for aerospace research, testing, training and other specialized applications.

Its services are designed to support government and commercial customers, including organizations conducting flight experiments, evaluating aerospace technologies and developing human-spaceflight capabilities.

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