Investors Buy Large Volume of AST SpaceMobile Call Options (NASDAQ:ASTS)

AST SpaceMobile, Inc. (NASDAQ:ASTS) was the recipient of some unusual options trading on Friday. Traders purchased 132,097 call options on the company. This is an increase of approximately 139% compared to the average daily volume of 55,296 call options.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Cantor Fitzgerald assumed coverage on AST SpaceMobile in a research report on Thursday. They issued an “overweight” rating and a $30.00 target price for the company. Scotiabank decreased their target price on AST SpaceMobile from $44.70 to $40.20 and set a “sector outperform” rating for the company in a research report on Friday, January 24th. Finally, UBS Group upped their target price on AST SpaceMobile from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, AST SpaceMobile presently has an average rating of “Buy” and a consensus price target of $40.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC raised its stake in AST SpaceMobile by 9.4% during the third quarter. Geode Capital Management LLC now owns 3,267,066 shares of the company’s stock valued at $85,450,000 after buying an additional 281,749 shares in the last quarter. State Street Corp raised its stake in AST SpaceMobile by 14.8% during the third quarter. State Street Corp now owns 3,091,577 shares of the company’s stock valued at $80,845,000 after buying an additional 399,713 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in AST SpaceMobile by 11.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,266,713 shares of the company’s stock valued at $26,728,000 after buying an additional 135,008 shares in the last quarter. Oppenheimer & Co. Inc. raised its stake in AST SpaceMobile by 0.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 854,063 shares of the company’s stock valued at $18,021,000 after buying an additional 7,991 shares in the last quarter. Finally, Privium Fund Management B.V. acquired a new stake in AST SpaceMobile during the third quarter valued at approximately $21,476,000. Hedge funds and other institutional investors own 60.95% of the company’s stock.

AST SpaceMobile Trading Up 9.8 %

Shares of ASTS opened at $27.12 on Friday. The company has a market capitalization of $7.86 billion, a P/E ratio of -12.79 and a beta of 1.62. AST SpaceMobile has a one year low of $1.97 and a one year high of $39.08. The company has a debt-to-equity ratio of 0.31, a quick ratio of 5.80 and a current ratio of 5.80. The stock has a 50-day moving average price of $22.49 and a 200 day moving average price of $24.27.

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.