Investors Purchase High Volume of AST SpaceMobile Call Options (NASDAQ:ASTS)

AST SpaceMobile, Inc. (NASDAQ:ASTSGet Free Report) saw unusually large options trading activity on Friday. Stock traders bought 145,186 call options on the company. This represents an increase of 67% compared to the typical daily volume of 87,135 call options.

AST SpaceMobile Stock Performance

AST SpaceMobile stock opened at $45.94 on Friday. The firm’s 50 day simple moving average is $27.77 and its 200-day simple moving average is $25.74. The company has a market cap of $14.54 billion, a P/E ratio of -23.09 and a beta of 2.02. The company has a debt-to-equity ratio of 0.60, a current ratio of 10.62 and a quick ratio of 10.62. AST SpaceMobile has a fifty-two week low of $9.32 and a fifty-two week high of $48.94.

AST SpaceMobile (NASDAQ:ASTSGet Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.03). AST SpaceMobile had a negative return on equity of 23.56% and a negative net margin of 7,033.22%. The firm had revenue of $0.72 million during the quarter, compared to analysts’ expectations of $3.85 million. As a group, equities research analysts predict that AST SpaceMobile will post -0.4 EPS for the current year.

Wall Street Analyst Weigh In

ASTS has been the topic of several recent research reports. UBS Group lifted their price objective on shares of AST SpaceMobile from $31.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Scotiabank lowered their price objective on shares of AST SpaceMobile from $47.90 to $45.40 and set a “sector outperform” rating on the stock in a research note on Tuesday, May 13th. Oppenheimer initiated coverage on shares of AST SpaceMobile in a research note on Monday, May 5th. They issued a “market perform” rating on the stock. Roth Capital initiated coverage on shares of AST SpaceMobile in a research note on Thursday, April 10th. They issued a “buy” rating and a $42.00 price objective on the stock. Finally, B. Riley reaffirmed a “buy” rating and issued a $44.00 price objective (up previously from $36.00) on shares of AST SpaceMobile in a research note on Monday, June 16th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.73.

Get Our Latest Stock Report on ASTS

Insiders Place Their Bets

In other AST SpaceMobile news, COO Shanti B. Gupta sold 15,000 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $36.08, for a total transaction of $541,200.00. Following the sale, the chief operating officer now directly owns 315,667 shares in the company, valued at approximately $11,389,265.36. The trade was a 4.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Huiwen Yao sold 4,250 shares of AST SpaceMobile stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $34.60, for a total transaction of $147,050.00. Following the completion of the transaction, the chief technology officer now directly owns 20,750 shares in the company, valued at $717,950. This represents a 17.00% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 184,250 shares of company stock worth $6,146,750. 34.15% of the stock is owned by corporate insiders.

Institutional Trading of AST SpaceMobile

Large investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. grew its position in AST SpaceMobile by 61.9% in the first quarter. Sunbelt Securities Inc. now owns 1,321 shares of the company’s stock worth $30,000 after acquiring an additional 505 shares in the last quarter. GAMMA Investing LLC grew its position in AST SpaceMobile by 388.7% in the first quarter. GAMMA Investing LLC now owns 1,559 shares of the company’s stock worth $35,000 after acquiring an additional 1,240 shares in the last quarter. Summit Securities Group LLC bought a new stake in AST SpaceMobile in the fourth quarter worth approximately $37,000. Financial Gravity Asset Management Inc. bought a new stake in AST SpaceMobile in the first quarter worth approximately $41,000. Finally, Close Asset Management Ltd grew its position in AST SpaceMobile by 72.4% in the first quarter. Close Asset Management Ltd now owns 1,810 shares of the company’s stock worth $41,000 after acquiring an additional 760 shares in the last quarter. 60.95% of the stock is owned by institutional investors.

About AST SpaceMobile

(Get Free Report)

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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