AST SpaceMobile (NASDAQ:ASTS) Shares Gap Up to $2.79

AST SpaceMobile, Inc. (NASDAQ:ASTSGet Free Report)’s share price gapped up before the market opened on Monday . The stock had previously closed at $2.79, but opened at $2.85. AST SpaceMobile shares last traded at $2.80, with a volume of 549,480 shares.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft cut their price objective on shares of AST SpaceMobile from $32.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday, November 21st.

Check Out Our Latest Analysis on ASTS

AST SpaceMobile Trading Down 4.9 %

The company has a debt-to-equity ratio of 0.20, a quick ratio of 6.06 and a current ratio of 6.06. The firm’s 50-day moving average price is $4.77 and its 200 day moving average price is $4.17.

AST SpaceMobile (NASDAQ:ASTSGet Free Report) last issued its quarterly earnings results on Tuesday, November 14th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.02). As a group, analysts anticipate that AST SpaceMobile, Inc. will post -0.94 EPS for the current year.

Hedge Funds Weigh In On AST SpaceMobile

Large investors have recently bought and sold shares of the business. DnB Asset Management AS lifted its holdings in AST SpaceMobile by 20.8% in the third quarter. DnB Asset Management AS now owns 408,588 shares of the company’s stock worth $1,553,000 after acquiring an additional 70,446 shares during the last quarter. CWM LLC acquired a new stake in shares of AST SpaceMobile in the second quarter valued at approximately $47,000. MBE Wealth Management LLC increased its stake in shares of AST SpaceMobile by 41.1% in the third quarter. MBE Wealth Management LLC now owns 18,880 shares of the company’s stock valued at $72,000 after purchasing an additional 5,500 shares during the period. Maven Securities LTD acquired a new stake in shares of AST SpaceMobile in the second quarter valued at approximately $2,818,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of AST SpaceMobile in the second quarter valued at approximately $34,000. Institutional investors own 54.53% of the company’s stock.

About AST SpaceMobile

(Get Free Report)

AST SpaceMobile, Inc, together with its subsidiaries, operates space-based cellular broadband network for mobile phones in the United States. Its SpaceMobile service provides mobile broadband services to end-users who are out of terrestrial cellular coverage. AST SpaceMobile, Inc was founded in 2017 and is based in Midland, Texas.

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