AST SpaceMobile Sees Unusually High Options Volume (NASDAQ:ASTS)

AST SpaceMobile, Inc. (NASDAQ:ASTS - Get Free Report) was the recipient of some unusual options trading on Wednesday. Stock traders bought 95,802 call options on the stock. This represents an increase of 55% compared to the average daily volume of 61,696 call options.Get AST SpaceMobile alerts:Analysts Set New Price TargetsMarketBeat Week in Review – 8/19 - 8/23A number of analysts recently issued reports on the stock. B. Riley lifted their price target on shares of AST SpaceMobile from $26.00 to $36.00 and gave the stock a "buy" rating in a research note on Thursday, August 29th. UBS Group raised their price target on shares of AST SpaceMobile from $13.00 to $30.00 and gave the company a "buy" rating in a research note on Thursday, August 15th. Finally, Scotiabank raised their price objective on shares of AST SpaceMobile from $28.00 to $45.90 and gave the company a "sector outperform" rating in a research note on Monday, August 26th.Get Our Latest Analysis on ASTSAST SpaceMobile Trading Up 20.2 %The First Half of 2025 Will Be a Massive Test for AST SpaceMobileShares of ASTS stock traded up $5.94 during trading hours on Wednesday, reaching $35.35. The company had a trading volume of 24,041,219 shares, compared to its average volume of 9,856,771. The company has a debt-to-equity ratio of 0.83, a current ratio of 6.38 and a quick ratio of 6.38. AST SpaceMobile has a 1-year low of $1.97 and a 1-year high of $39.08. The firm has a market cap of $9.10 billion, a price-to-earnings ratio of -33.23 and a beta of 1.61. The company has a 50 day moving average of $20.01 and a 200 day moving average of $9.88. Hedge Funds Weigh In On AST SpaceMobileA number of institutional investors have recently bought and sold shares of the business. Janus Henderson Group PLC grew its position in shares of AST SpaceMobile by 209.9% in the 1st quarter. Janus Henderson Group PLC now owns 7,450,467 shares of the company's stock valued at $21,606,000 after buying an additional 5,046,667 shares during the last quarter. Vanguard Group Inc. lifted its stake in AST SpaceMobile by 49.9% during the first quarter. Vanguard Group Inc. now owns 6,663,760 shares of the company's stock worth $19,325,000 after purchasing an additional 2,217,531 shares during the last quarter. Broad Run Investment Management LLC grew its position in AST SpaceMobile by 74.8% during the fourth quarter. Broad Run Investment Management LLC now owns 3,962,853 shares of the company's stock valued at $23,896,000 after acquiring an additional 1,695,805 shares during the last quarter. Masters Capital Management LLC purchased a new stake in AST SpaceMobile during the first quarter valued at about $2,900,000. Finally, Oppenheimer & Co. Inc. purchased a new stake in AST SpaceMobile during the 2nd quarter valued at about $9,270,000. Institutional investors and hedge funds own 60.95% of the company's stock. About AST SpaceMobile (Get Free Report)AST SpaceMobile Surges 50% Space Broadband Cellular Launch NearsAST 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.Read MoreFive stocks we like better than AST SpaceMobileWhat Are Dividends? Buy the Best Dividend StocksWhy Dick’s Could Be a Slam Dunk for Your Investment PortfolioWhat is Short Interest? How to Use ItIntroduction to Fibonacci Retracement Levels Technology Stocks Explained: Here's What to Know About TechTop 3 Stocks to Outperform the S&P 500 in a DownturnThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Write this ticker symbol down… (From StocksToTrade) (Ad)Should you invest $1,000 in AST SpaceMobile right now?Before you consider AST SpaceMobile, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AST SpaceMobile wasn't on the list.While AST SpaceMobile currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here