AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) CAO Maya Bernal sold 6,000 shares of AST SpaceMobile stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $73.76, for a total value of $442,560.00. Following the sale, the chief accounting officer directly owned 122,486 shares of the company's stock, valued at $9,034,567.36. This trade represents a 4.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
AST SpaceMobile Price Performance
Shares of NASDAQ:ASTS opened at $74.00 on Tuesday. AST SpaceMobile, Inc. has a twelve month low of $17.50 and a twelve month high of $102.79. The company's 50 day moving average is $69.56 and its 200 day moving average is $53.47. The company has a current ratio of 9.56, a quick ratio of 9.48 and a debt-to-equity ratio of 0.43. The company has a market cap of $27.16 billion, a PE ratio of -59.68 and a beta of 2.77.
AST SpaceMobile (NASDAQ:ASTS - Get Free Report) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.45) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.27). The business had revenue of $14.74 million for the quarter, compared to analyst estimates of $22.04 million. AST SpaceMobile had a negative net margin of 1,639.59% and a negative return on equity of 27.76%. The business's revenue was up 1236.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.10) earnings per share. On average, sell-side analysts forecast that AST SpaceMobile, Inc. will post -0.4 EPS for the current year.
Hedge Funds Weigh In On AST SpaceMobile
Several institutional investors and hedge funds have recently modified their holdings of ASTS. REAP Financial Group LLC acquired a new position in AST SpaceMobile in the 3rd quarter worth about $25,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of AST SpaceMobile in the third quarter valued at approximately $29,000. Atlantic Union Bankshares Corp acquired a new position in shares of AST SpaceMobile during the 2nd quarter worth approximately $28,000. Geneos Wealth Management Inc. raised its stake in shares of AST SpaceMobile by 225.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 650 shares of the company's stock worth $32,000 after buying an additional 450 shares during the period. Finally, Binnacle Investments Inc purchased a new position in shares of AST SpaceMobile during the 2nd quarter valued at approximately $33,000. Hedge funds and other institutional investors own 60.95% of the company's stock.
Analyst Upgrades and Downgrades
ASTS has been the subject of a number of research reports. Zacks Research downgraded shares of AST SpaceMobile from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 21st. Weiss Ratings reissued a "sell (e+)" rating on shares of AST SpaceMobile in a report on Monday, November 24th. Roth Capital restated a "buy" rating on shares of AST SpaceMobile in a research note on Tuesday, August 12th. Barclays cut AST SpaceMobile from an "overweight" rating to an "underweight" rating and set a $60.00 price target for the company. in a research report on Friday, October 17th. Finally, William Blair initiated coverage on AST SpaceMobile in a report on Thursday, August 21st. They issued a "market perform" rating for the company. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $45.66.
View Our Latest Stock Report on ASTS
AST SpaceMobile Company Profile
(
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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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