AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) shares saw unusually-high trading volume on Monday after Scotiabank raised their price target on the stock from $21.10 to $28.00. Scotiabank currently has a sector outperform rating on the stock. Approximately 3,903,830 shares changed hands during trading, a decline of 56% from the previous session’s volume of 8,857,319 shares.The stock last traded at $33.15 and had previously closed at $31.03.
Several other research firms have also issued reports on ASTS. B. Riley upped their price target on AST SpaceMobile from $15.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, August 15th. UBS Group increased their target price on shares of AST SpaceMobile from $13.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, August 15th.
Check Out Our Latest Stock Report on ASTS
Institutional Trading of AST SpaceMobile
AST SpaceMobile Stock Performance
The firm has a market capitalization of $8.84 billion, a price-to-earnings ratio of -35.02 and a beta of 1.61. The company has a 50-day moving average price of $15.89 and a 200-day moving average price of $7.90. The company has a quick ratio of 7.51, a current ratio of 7.51 and a debt-to-equity ratio of 0.56.
About AST SpaceMobile
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.
Featured Stories
- Five stocks we like better than AST SpaceMobile
- What is an Earnings Surprise?
- Columbia Sportswear: A Turnaround Story That’s Gaining Ground
- CD Calculator: Certificate of Deposit Calculator
- Lowe’s Stock: Hold Now, Buy it When it Dips
- What is a Dividend King?
- ZIM Shipping Stock Soars as the Industry Shows a Bottoming Trend
Receive News & Ratings for AST SpaceMobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AST SpaceMobile and related companies with MarketBeat.com's FREE daily email newsletter.