AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) saw unusually large options trading on Friday. Traders purchased 132,097 call options on the stock. This represents an increase of 139% compared to the average volume of 55,296 call options.
Shares of ASTS stock opened at $26.51 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.80 and a current ratio of 5.80. AST SpaceMobile has a 1 year low of $1.97 and a 1 year high of $39.08. The stock has a fifty day moving average of $22.55 and a two-hundred day moving average of $24.36. The firm has a market capitalization of $7.68 billion, a PE ratio of -12.50 and a beta of 1.62.
Several research analysts have recently commented on ASTS shares. Scotiabank decreased their target price on AST SpaceMobile from $44.70 to $40.20 and set a "sector outperform" rating for the company in a research report on Friday, January 24th. Cantor Fitzgerald started coverage on AST SpaceMobile in a research report on Thursday. They issued an "overweight" rating and a $30.00 target price for the company. Finally, UBS Group lifted their target price on AST SpaceMobile from $30.00 to $31.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $40.04.
Get Our Latest Stock Report on AST SpaceMobile
A number of institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC boosted its position in AST SpaceMobile by 221.8% during the 4th quarter. HighTower Advisors LLC now owns 75,118 shares of the company's stock worth $1,585,000 after acquiring an additional 51,775 shares during the period. Independent Advisor Alliance acquired a new position in AST SpaceMobile during the 4th quarter worth $212,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in AST SpaceMobile by 77.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,518 shares of the company's stock worth $897,000 after acquiring an additional 18,596 shares during the period. AlphaQuest LLC acquired a new position in AST SpaceMobile during the 4th quarter worth $67,000. Finally, Raymond James Financial Inc. acquired a new position in AST SpaceMobile during the 4th quarter worth $1,350,000. Institutional investors and hedge funds own 60.95% of the company's stock.
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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