Starfighters Space (NYSEAMERICAN:FJET) Stock Price Down 7.7% – What’s Next?

Starfighters Space, Inc. (NYSEAMERICAN:FJET)’s stock price dropped 7.7% on Wednesday . The company traded as low as $3.70 and last traded at $3.72. 658,160 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 1,211,840 shares. The stock had previously closed at $4.03.

Starfighters Space Trading Down 7.7%

The business’s 50-day moving average price is $5.73 and its 200-day moving average price is $6.73. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.21 and a quick ratio of 5.21.

Starfighters Space (NYSEAMERICAN:FJET) last posted its quarterly earnings data on Wednesday, April 15th. The company reported ($0.42) EPS for the quarter.

Hedge Funds Weigh In On Starfighters Space

A number of large investors have recently made changes to their positions in FJET. Elevation Point Wealth Partners LLC increased its position in shares of Starfighters Space by 36.6% during the first quarter. Elevation Point Wealth Partners LLC now owns 13,660 shares of the company’s stock worth $81,000 after purchasing an additional 3,660 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Starfighters Space in the 4th quarter worth $151,000. Cerity Partners LLC acquired a new stake in shares of Starfighters Space in the 4th quarter worth $718,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Starfighters Space in the 4th quarter worth $1,322,000.

Starfighters Space Company Profile

The Company’s mission statement is to make space accessible to entrepreneurs, researchers, industry, and government at a high cadence and the right cost. Currently, Starfighters operates the world’s only commercial fleet of flight-ready F-104 supersonic aircraft (“Lockheed F-104”). The Lockheed F-104 was developed as a supersonic aircraft for the United States Armed Forces. The single engine interceptor was favoured for its maximum altitude and climb performance. It was the first production aircraft to reach over MACH 2 in sustained, level flight, which was one of the key criteria as to why the NASA used the Lockheed F-104 for high-speed flight research at the Dryden Flight Research Center.