AST SpaceMobile (NASDAQ:ASTS – Get Rating) had its target price upped by Deutsche Bank Aktiengesellschaft from $30.00 to $32.00 in a research note published on Wednesday, The Fly reports.
Several other research firms have also commented on ASTS. TheStreet lowered shares of AST SpaceMobile from a c- rating to a d rating in a research note on Monday, October 3rd. B. Riley began coverage on shares of AST SpaceMobile in a research report on Friday, October 28th. They set a buy rating and a $15.00 target price on the stock. Finally, Barclays dropped their target price on shares of AST SpaceMobile from $29.00 to $15.00 and set an overweight rating on the stock in a research report on Wednesday, October 19th.
Get AST SpaceMobile alerts:AST SpaceMobile Trading Down 0.6 %
NASDAQ ASTS opened at $6.62 on Wednesday. The company has a quick ratio of 10.63, a current ratio of 10.64 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1.21 billion, a PE ratio of -12.98 and a beta of 0.76. The company has a 50 day moving average price of $7.07 and a 200 day moving average price of $7.85. AST SpaceMobile has a 52 week low of $4.84 and a 52 week high of $14.27.
Institutional Trading of AST SpaceMobile
Large investors have recently made changes to their positions in the business. Royal Bank of Canada raised its position in AST SpaceMobile by 357.3% during the third quarter. Royal Bank of Canada now owns 3,576 shares of the company's stock worth $26,000 after acquiring an additional 2,794 shares during the period. UBS Group AG raised its position in AST SpaceMobile by 45.3% during the first quarter. UBS Group AG now owns 4,222 shares of the company's stock worth $42,000 after acquiring an additional 1,316 shares during the period. Millennium Management LLC acquired a new position in AST SpaceMobile during the second quarter worth $65,000. Wolverine Asset Management LLC acquired a new position in AST SpaceMobile during the third quarter worth $76,000. Finally, Summit Trail Advisors LLC acquired a new position in AST SpaceMobile during the second quarter worth $76,000. 6.68% of the stock is owned by hedge funds and other institutional investors.AST SpaceMobile Company Profile
(Get Rating)
AST SpaceMobile, Inc operates space-based cellular broadband network for mobile phones. Its SpaceMobile service provides mobile broadband services for users traveling in and out of areas without terrestrial mobile services on land, at sea, or in flight. The company is headquartered in Midland, Texas.
Further Reading
- Get a free copy of the StockNews.com research report on AST SpaceMobile (ASTS)
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