AST SpaceMobile, Inc. (NASDAQ:ASTS) Chairman sells $62,424.00 worth of stock

AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Your Free Report ) Chairman Scott Wisniewski sold 2,700 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $23.12, for a total value of $62,424.00. Following the transaction, the chairman now directly owns 712,660 shares in the company, valued at $16,476,699.20. The transaction was disclosed in a legal filing with the SEC, which is accessible via this link.

AST SpaceMobile stock up 3.3%

NASDAQ ASTS traded up $0.83 on Monday, hitting $26.15. 15,953,353 shares of the stock traded hands, compared to its average volume of 10,629,469. The company has a current ratio of 6.38, a quick ratio of 6.38, and a debt-to-equity ratio of 0.83. The stock has a 50-day moving average of $25.48 and a 200-day moving average of $12.94. AST SpaceMobile, Inc. has a 12-month low of $1.97 and a 12-month high of $39.08. The company has a market cap of $6.73 billion, a P/E ratio of -27.06 and a beta of 1.63.

AST SpaceMobile (NASDAQ:ASTS – Get Your Free Report ) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.05. The firm had revenue of $0.90 million for the quarter, compared to the consensus estimate of $2.00 million. As a group, analysts expect that AST SpaceMobile, Inc. to post -0.88 earnings per share for the current fiscal year.

The Wall Street analyst weighs in

A number of research firms recently issued reports on ASTS. UBS Group raised their price objective on shares of AST SpaceMobile from $13.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. B. Riley boosted their price target on AST SpaceMobile from $26.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Scotiabank upped their target price on shares of AST SpaceMobile from $28.00 to $45.90 and gave the stock a “sector outperform” rating in a research report on Monday, August 26th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of AST SpaceMobile from $22.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, September 4th.

Read our latest report on AST SpaceMobile

Institutional inputs and outputs

A number of institutional investors have recently added to or reduced their stakes in ASTS. BNP Paribas bought a new stake in AST SpaceMobile in the first quarter valued at $43,000. Principal Financial Group Inc. bought a new stake in AST SpaceMobile in the 1st quarter valued at about $45,000. Cantor Fitzgerald LP purchased a new position in AST SpaceMobile during the fourth quarter valued at about $66,000. Rathbones Group PLC purchased a new stake in shares of AST SpaceMobile in the fourth quarter valued at about $76,000. Finally, Black Maple Capital Management LP bought a new stake in shares of AST SpaceMobile in the first quarter valued at about $87,000. 60.95% of shares are currently owned by institutional investors.

About AST SpaceMobile

(Get a free report)

AST SpaceMobile, Inc, together with its subsidiaries, develops and provides access to a space cellular broadband network for smartphones in the United States. Its SpaceMobile service provides cellular broadband services to end users outside of terrestrial cellular coverage. The company was founded in 2017 and is headquartered in Midland, Texas.

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