Shares of AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) were up 5.5% on Friday . The stock traded as high as $4.84 and last traded at $4.82. Approximately 632,643 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 1,976,678 shares. The stock had previously closed at $4.57.
AST SpaceMobile Stock Performance
The company has a quick ratio of 7.22, a current ratio of 6.06 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average is $3.68 and its two-hundred day moving average is $4.38. The company has a market capitalization of $1.05 billion, a P/E ratio of -5.75 and a beta of 0.61.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of AST SpaceMobile by 357.3% in the third quarter. Royal Bank of Canada now owns 3,576 shares of the company’s stock worth $26,000 after purchasing an additional 2,794 shares during the last quarter. Bartlett & Co. LLC purchased a new stake in AST SpaceMobile in the second quarter worth approximately $27,000. Tower Research Capital LLC TRC boosted its stake in AST SpaceMobile by 120.6% in the third quarter. Tower Research Capital LLC TRC now owns 7,128 shares of the company’s stock worth $27,000 after buying an additional 3,897 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in AST SpaceMobile in the second quarter worth approximately $34,000. Finally, UBS Group AG boosted its stake in AST SpaceMobile by 45.3% in the first quarter. UBS Group AG now owns 4,222 shares of the company’s stock worth $42,000 after buying an additional 1,316 shares in the last quarter. 54.53% of the stock is currently owned by institutional investors.
About AST SpaceMobile
AST SpaceMobile, Inc, together with its subsidiaries, operates space-based cellular broadband network for mobile phones in the United States. Its SpaceMobile service provides mobile broadband services to end-users who are out of terrestrial cellular coverage. AST SpaceMobile, Inc was founded in 2017 and is based in Midland, Texas.
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