The stock of AST SpaceMobile Inc (NASDAQ:ASTS) last traded at $25.80, up 6.48% from the previous session.
ASTS stock price is now 0.68% away from the 50-day moving average and 86.52% away from the 200-day moving average. The market capitalization of the company currently stands at $6.60B.
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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, Yao Huiwen, Chief Technology Officer sold 45,000 shares of the company’s stock on Oct 08 ’24. The stock was sold for $1,091,700 at an average price of $24.26. Upon completion of the transaction, the Chief Technology Officer now directly owns 55,000 shares in the company, valued at $1.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 30 ’24, President Wisniewski Scott sold 2,700 shares of the business’s stock. A total of $62,427 was realized by selling the stock at an average price of $23.12. This leaves the insider owning 712,660 shares of the company worth $18.39 million. A total of 30.94% 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 0.69, a current ratio of 5.80, and a quick ratio of 5.80. The fifty day moving average price for ASTS is $25.6278 and a two-hundred day moving average price translates $13.71725 for the stock.
The latest earnings results from AST SpaceMobile Inc (NASDAQ: ASTS) was released for 2024-06-30. The net profit margin was -11846.08% and return on equity was -135.62% for ASTS.
