AST SpaceMobile Sees Unusually High Options Volume (NASDAQ:ASTS)

AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock traders bought 95,802 call options on the stock. This represents an increase of 55% compared to the average daily volume of 61,696 call options.

Analysts Set New Price Targets

• MarketBeat Week in Review – 8/19 - 8/23

A number of analysts recently issued reports on the stock. B. Riley lifted their price target on shares of AST SpaceMobile from $26.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. UBS Group raised their price target on shares of AST SpaceMobile from $13.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, August 15th. Finally, Scotiabank raised their price objective on shares of AST SpaceMobile from $28.00 to $45.90 and gave the company a "sector outperform" rating in a research note on Monday, August 26th.

Get Our Latest Analysis on ASTS

AST SpaceMobile Trading Up 20.2 %

• The First Half of 2025 Will Be a Massive Test for AST SpaceMobile

Shares of ASTS stock traded up $5.94 during trading hours on Wednesday, reaching $35.35. The company had a trading volume of 24,041,219 shares, compared to its average volume of 9,856,771. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.38 and a quick ratio of 6.38. AST SpaceMobile has a 1-year low of $1.97 and a 1-year high of $39.08. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of -33.23 and a beta of 1.61. The company has a 50 day moving average of $20.01 and a 200 day moving average of $9.88.

Hedge Funds Weigh In On AST SpaceMobile

A number of institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC grew its position in shares of AST SpaceMobile by 209.9% in the 1st quarter. Janus Henderson Group PLC now owns 7,450,467 shares of the company's stock valued at $21,606,000 after buying an additional 5,046,667 shares during the last quarter. Vanguard Group Inc. lifted its stake in AST SpaceMobile by 49.9% during the first quarter. Vanguard Group Inc. now owns 6,663,760 shares of the company's stock worth $19,325,000 after purchasing an additional 2,217,531 shares during the last quarter. Broad Run Investment Management LLC grew its position in AST SpaceMobile by 74.8% during the fourth quarter. Broad Run Investment Management LLC now owns 3,962,853 shares of the company's stock valued at $23,896,000 after acquiring an additional 1,695,805 shares during the last quarter. Masters Capital Management LLC purchased a new stake in AST SpaceMobile during the first quarter valued at about $2,900,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in AST SpaceMobile during the 2nd quarter valued at about $9,270,000. Institutional investors and hedge funds own 60.95% of the company's stock.

About AST SpaceMobile

• AST SpaceMobile Surges 50% Space Broadband Cellular Launch Nears

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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