AST SpaceMobile, Inc. (NASDAQ:ASTS – Get Free Report) saw unusually-strong trading volume on Monday after Scotiabank raised their price target on the stock from $21.10 to $28.00. Scotiabank currently has a sector outperform rating on the stock. Approximately 3,903,830 shares were traded during trading, a decline of 56% from the previous session’s volume of 8,857,319 shares.The stock last traded at $33.15 and had previously closed at $31.03.
ASTS has been the topic of several other reports. UBS Group increased their price objective on shares of AST SpaceMobile from $13.00 to $30.00 and gave the company a “buy” rating in a report on Thursday, August 15th. B. Riley raised their price target on shares of AST SpaceMobile from $15.00 to $26.00 and gave the company a “buy” rating in a research note on Thursday, August 15th.
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AST SpaceMobile Stock Performance
The stock has a market cap of $8.84 billion, a price-to-earnings ratio of -35.02 and a beta of 1.61. The company has a debt-to-equity ratio of 0.56, a current ratio of 7.51 and a quick ratio of 7.51. The firm has a fifty day moving average of $15.89 and a 200 day moving average of $7.90.
About AST SpaceMobile
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.
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