Starfighters Space (NYSEAMERICAN:FJET) Stock Price Down 7.7% – What’s Next?

Starfighters Space, Inc. (NYSEAMERICAN:FJET)’s stock price fell 7.7% during trading on Wednesday . The stock traded as low as $3.70 and last traded at $3.72. 658,160 shares were traded during mid-day trading, a decline of 46% from the average session volume of 1,211,840 shares. The stock had previously closed at $4.03.

Starfighters Space Price Performance

The firm’s 50-day moving average price is $5.73 and its two-hundred day moving average price is $6.73. The company has a debt-to-equity ratio of 0.02, a current ratio of 5.21 and a quick ratio of 5.21.

Starfighters Space (NYSEAMERICAN:FJET) last issued its quarterly earnings data on Wednesday, April 15th. The company reported ($0.42) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FJET. Elevation Point Wealth Partners LLC lifted its stake in shares of Starfighters Space by 36.6% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 13,660 shares of the company’s stock worth $81,000 after purchasing an additional 3,660 shares during the last quarter. Jane Street Group LLC bought a new stake in Starfighters Space during the fourth quarter valued at about $151,000. Cerity Partners LLC bought a new stake in Starfighters Space during the fourth quarter valued at about $718,000. Finally, Goldman Sachs Group Inc. purchased a new position in Starfighters Space in the fourth quarter valued at about $1,322,000.

About Starfighters Space

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.