AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) COO Shanti B. Gupta sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $25.83, for a total transaction of $2,066,400.00. Following the completion of the sale, the chief operating officer now owns 393,232 shares in the company, valued at approximately $10,157,182.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
AST SpaceMobile Stock Down 1.1 %
Shares of NASDAQ ASTS opened at $23.84 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.38 and a quick ratio of 6.38. The firm has a 50-day simple moving average of $26.16 and a two-hundred day simple moving average of $13.33. AST SpaceMobile, Inc. has a 1 year low of $1.97 and a 1 year high of $39.08. The company has a market cap of $6.14 billion, a P/E ratio of -24.33 and a beta of 1.63.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.05. The company had revenue of $0.90 million during the quarter, compared to analysts’ expectations of $2.00 million. Research analysts anticipate that AST SpaceMobile, Inc. will post -0.88 earnings per share for the current year.
Analysts Set New Price Targets
Read Our Latest Stock Report on AST SpaceMobile
Institutional Investors Weigh In On AST SpaceMobile
Hedge funds have recently made changes to their positions in the company. BNP Paribas bought a new stake in shares of AST SpaceMobile in the 1st quarter valued at about $43,000. Principal Financial Group Inc. acquired a new position in shares of AST SpaceMobile in the 1st quarter valued at $45,000. Cantor Fitzgerald L. P. acquired a new position in shares of AST SpaceMobile in the fourth quarter worth about $66,000. Rathbones Group PLC acquired a new position in AST SpaceMobile in the 4th quarter worth about $76,000. Finally, Black Maple Capital Management LP purchased a new position in shares of AST SpaceMobile during the 1st quarter valued at approximately $87,000. 60.95% of the stock is currently owned by hedge funds and other institutional investors.
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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