The price of AST SpaceMobile Inc (NASDAQ:ASTS) shares last traded on Wall Street fell -6.74% to $24.06.
ASTS stock price is now -8.26% away from the 50-day moving average and 3.31% away from the 200-day moving average. The market capitalization of the company currently stands at $7.61B.
With the price target of $30, Cantor Fitzgerald recently initiated with Overweight rating for AST SpaceMobile Inc (NASDAQ: ASTS). On March 08, 2024, UBS recently initiated its ‘Buy’ rating on the stock quoting a target price of $7, while ‘Scotiabank’ rates the stock as ‘Sector Outperform’
In other news, Wisniewski Scott, President sold 35,871 shares of the company’s stock on Mar 17 ’25. The stock was sold for $1,016,943 at an average price of $28.35. Upon completion of the transaction, the President now directly owns 653,146 shares in the company, valued at $15.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 17 ’25, Chief Operating Officer Gupta Shanti B. sold 24,425 shares of the business’s stock. A total of $683,900 was realized by selling the stock at an average price of $28.00. This leaves the insider owning 368,807 shares of the company worth $8.87 million. A total of 27.83% of the company’s stock is owned by insiders.
During the past 12 months, AST SpaceMobile Inc has had a low of $1.97 and a high of $39.08. As of last week, the company has a debt-to-equity ratio of 0.36, a current ratio of 7.90, and a quick ratio of 7.90. The fifty day moving average price for ASTS is $26.2252 and a two-hundred day moving average price translates $23.2895 for the stock.
The latest earnings results from AST SpaceMobile Inc (NASDAQ: ASTS) was released for 2024-12-31. The net profit margin was -6792.28% and return on equity was -103.82% for ASTS.
