Starfighters Space (NYSEAMERICAN:FJET) Trading Down 3.6% - Should You Sell?

Key Points

• Starfighters Space shares fell 3.6% to $1.87 in Wednesday trading, with about 1.55 million shares changing hands. The stock remains well below its 50-day and 200-day moving averages of $3.27 and $5.09, respectively.
• The company reported a quarterly loss of $0.24 per share. Despite the losses, Starfighters maintains substantial liquidity, with a current ratio of 11.94 and debt-to-equity ratio of just 0.01.
• Major shareholder Richard William Svetkoff sold 30,092 shares at an average price of $3.95, while several institutional investors initiated or increased positions. Starfighters provides high-speed flight, research, testing, training and commercial aerospace services using Lockheed F-104 aircraft.

Shares of Starfighters Space, Inc. (NYSEAMERICAN:FJET - Get Free Report) fell 3.6% during trading on Wednesday . The stock traded as low as $1.85 and last traded at $1.87. 1,554,633 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 1,685,249 shares. The stock had previously closed at $1.94.

Starfighters Space Trading Down 3.6%

The company has a market cap of $102.85 million and a PE ratio of -2.10. The company has a current ratio of 11.94, a quick ratio of 11.95 and a debt-to-equity ratio of 0.01. The business has a 50 day simple moving average of $3.27 and a two-hundred day simple moving average of $5.09.

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

Insider Buying and Selling

In other Starfighters Space news, major shareholder Richard William Svetkoff sold 30,092 shares of the 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 transaction, the insider owned 13,119,179 shares of the company's stock, valued at $51,820,757.05. This trade represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Trading of Starfighters Space

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

Starfighters Space Company Profile

Starfighters Space, Inc is an aerospace company focused on providing commercial space and high-performance flight services. The company operates a fleet of Lockheed F-104 Starfighter aircraft, which it uses as platforms for research, testing, training and other specialized aerospace activities.

Its capabilities are centered on high-speed, high-altitude flight operations. Starfighters Space has promoted the use of its aircraft for microgravity and atmospheric research, technology testing, astronaut and pilot training, and commercial flight experiences.

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