AST SpaceMobile Target of Unusually High Options Trading (NASDAQ:ASTS)

AST SpaceMobile, Inc. (NASDAQ:ASTS) was the recipient of unusually large options trading on Wednesday. Stock traders purchased 95,802 call options on the stock. This represents an increase of approximately 55% compared to the typical volume of 61,696 call options.

AST SpaceMobile Price Performance

AST SpaceMobile stock opened at $28.45 on Friday. The firm has a market capitalization of $7.33 billion, a PE ratio of -29.03 and a beta of 1.61. AST SpaceMobile has a 52 week low of $1.97 and a 52 week high of $39.08. The firm’s 50-day simple moving average is $20.78 and its 200 day simple moving average is $10.17. The company has a quick ratio of 6.38, a current ratio of 6.38 and a debt-to-equity ratio of 0.83.

Hedge Funds Weigh In On AST SpaceMobile

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC lifted its position in shares of AST SpaceMobile by 209.9% in the first quarter. Janus Henderson Group PLC now owns 7,450,467 shares of the company’s stock valued at $21,606,000 after acquiring an additional 5,046,667 shares in the last quarter. Vanguard Group Inc. lifted its holdings in AST SpaceMobile by 49.9% in the 1st quarter. Vanguard Group Inc. now owns 6,663,760 shares of the company’s stock valued at $19,325,000 after purchasing an additional 2,217,531 shares in the last quarter. Broad Run Investment Management LLC boosted its stake in shares of AST SpaceMobile by 74.8% during the 4th quarter. Broad Run Investment Management LLC now owns 3,962,853 shares of the company’s stock worth $23,896,000 after purchasing an additional 1,695,805 shares during the last quarter. Masters Capital Management LLC acquired a new stake in shares of AST SpaceMobile during the 1st quarter worth about $2,900,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of AST SpaceMobile during the second quarter worth about $9,270,000. Institutional investors and hedge funds own 60.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ASTS shares. Scotiabank increased their price target on shares of AST SpaceMobile from $28.00 to $45.90 and gave the company a “sector outperform” rating in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft increased their target price on shares of AST SpaceMobile from $22.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday. B. Riley lifted their price target on shares of AST SpaceMobile from $26.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. Finally, UBS Group upped their price target on AST SpaceMobile from $13.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, August 15th.

AST SpaceMobile Company Profile

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.