In yesterday’s Wall Street session, AST SpaceMobile Inc (NASDAQ:ASTS) shares traded at $24.20, down -2.85% from the previous session.
ASTS stock price is now -8.55% away from the 50-day moving average and 124.04% away from the 200-day moving average. The market capitalization of the company currently stands at $3.99B.
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With the price target of $7, UBS recently initiated with Buy rating for AST SpaceMobile Inc (NASDAQ: ASTS). On March 06, 2024, Scotiabank recently initiated its ‘Sector Outperform’ rating on the stock quoting a target price of $7.50, while ‘B. Riley Securities’ rates the stock as ‘Buy’
In other news, Wisniewski Scott, President sold 2,700 shares of the company’s stock on Sep 30 ’24. The stock was sold for $62,427 at an average price of $23.12. Upon completion of the transaction, the President now directly owns 712,660 shares in the company, valued at $17.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 30 ’24, Chief Operating Officer Gupta Shanti B. sold 80,000 shares of the business’s stock. A total of $2,066,400 was realized by selling the stock at an average price of $25.83. This leaves the insider owning 393,232 shares of the company worth $9.52 million. A total of 15.32% of the company’s stock is owned by insiders.
During the past 12 months, AST SpaceMobile Inc has had a low of $1.97 and a high of $39.08. As of last week, the company has a debt-to-equity ratio of 1.46, a current ratio of 6.38, and a quick ratio of 6.38. The fifty day moving average price for ASTS is $26.4629 and a two-hundred day moving average price translates $10.8017 for the stock.
The latest earnings results from AST SpaceMobile Inc (NASDAQ: ASTS) was released for 2024-06-30. The net profit margin was -10365.36% and return on equity was -99.58% for ASTS.
