AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) COO Shanti B. Gupta sold 80,000 shares of AST SpaceMobile stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $25.83, for a total transaction of $2,066,400.00. Following the completion of the transaction, the chief operating officer now owns 393,232 shares of the company’s stock, valued at approximately $10,157,182.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
AST SpaceMobile Stock Performance
NASDAQ:ASTS traded up $0.83 during midday trading on Monday, reaching $26.15. The stock had a trading volume of 15,953,353 shares, compared to its average volume of 10,629,469. The company has a quick ratio of 6.38, a current ratio of 6.38 and a debt-to-equity ratio of 0.83. The stock has a market cap of $6.73 billion, a P/E ratio of -27.06 and a beta of 1.63. The firm has a fifty day simple moving average of $25.48 and a two-hundred day simple moving average of $12.94. AST SpaceMobile, Inc. has a 12-month low of $1.97 and a 12-month high of $39.08.
AST SpaceMobile (NASDAQ:ASTS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.05. The firm had revenue of $0.90 million for the quarter, compared to analyst estimates of $2.00 million. On average, equities analysts expect that AST SpaceMobile, Inc. will post -0.88 EPS for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on AST SpaceMobile
Hedge Funds Weigh In On AST SpaceMobile
A number of large investors have recently modified their holdings of the business. BNP Paribas purchased a new stake in shares of AST SpaceMobile in the first quarter valued at approximately $43,000. Principal Financial Group Inc. acquired a new stake in AST SpaceMobile in the first quarter valued at $45,000. Cantor Fitzgerald L. P. acquired a new stake in AST SpaceMobile in the fourth quarter valued at $66,000. Rathbones Group PLC purchased a new stake in shares of AST SpaceMobile during the 4th quarter worth $76,000. Finally, Black Maple Capital Management LP acquired a new position in shares of AST SpaceMobile during the 1st quarter worth $87,000. 60.95% of the stock is owned by hedge funds and other institutional investors.
About AST SpaceMobile
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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