AST SpaceMobile Inc (NASDAQ:ASTS) shares traded -3.39% lower at $23.39 on Wall Street last session.
ASTS stock price is now -7.06% away from the 50-day moving average and 61.67% away from the 200-day moving average. The market capitalization of the company currently stands at $6.78B.
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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, AA Gables, LLC, (1) bought 2,500,000 shares of the company’s stock on Nov 20 ’24. The stock was bought for $58,950,000 at an average price of $23.58. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 08 ’24, Chief Technology Officer Yao Huiwen sold 45,000 shares of the business’s stock. A total of $1,091,700 was realized by selling the stock at an average price of $24.26. This leaves the insider owning 55,000 shares of the company worth $1.29 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 $25.2591 and a two-hundred day moving average price translates $14.3686 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.
