AST SpaceMobile (NASDAQ:ASTSW) Stock Price Up 2.3%

AST SpaceMobile, Inc. (NASDAQ:ASTSW)’s stock price was up 2.3% during mid-day trading on Friday . The stock traded as high as $0.40 and last traded at $0.40. Approximately 4,876 shares changed hands during trading, a decline of 80% from the average daily volume of 24,442 shares. The stock had previously closed at $0.39.

AST SpaceMobile Trading Up 2.3 %

The company has a fifty day moving average of $0.65 and a 200-day moving average of $0.88.

Hedge Funds Weigh In On AST SpaceMobile

A hedge fund recently raised its stake in AST SpaceMobile stock. Skaana Management L.P. raised its stake in shares of AST SpaceMobile, Inc. (NASDAQ:ASTSW) by 27.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,280,663 shares of the company’s stock after buying an additional 276,837 shares during the period. AST SpaceMobile accounts for approximately 0.5% of Skaana Management L.P.’s portfolio, making the stock its 21st biggest holding. Skaana Management L.P.’s holdings in AST SpaceMobile were worth $2,529,000 as of its most recent SEC filing.

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.