Starfighters Space (NYSEAMERICAN:FJET) Trading Up 24.9% – Time to Buy?

Starfighters Space, Inc. (NYSEAMERICAN:FJET)’s share price was up 24.9% during trading on Thursday . The stock traded as high as $6.80 and last traded at $6.72. Approximately 2,760,403 shares were traded during mid-day trading, an increase of 231% from the average daily volume of 834,261 shares. The stock had previously closed at $5.38.

Starfighters Space Stock Up 24.9%

The stock’s 50-day moving average price is $6.59.

Hedge Funds Weigh In On Starfighters Space

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new position in shares of Starfighters Space during the fourth quarter worth about $1,322,000. Cerity Partners LLC bought a new position in shares of Starfighters Space during the fourth quarter worth about $718,000. Elevation Point Wealth Partners LLC bought a new position in shares of Starfighters Space during the fourth quarter worth about $116,000. Finally, Jane Street Group LLC bought a new position in shares of Starfighters Space during the fourth quarter worth about $151,000.

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.