Deutsche Bank Aktiengesellschaft Raises AST SpaceMobile (NASDAQ:ASTS) Price Target to $32.00

AST SpaceMobile (NASDAQ:ASTSGet Rating) had its price objective boosted by analysts at Deutsche Bank Aktiengesellschaft from $30.00 to $32.00 in a report released on Wednesday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 380.48% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Barclays lowered their price target on AST SpaceMobile from $29.00 to $15.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 19th. B. Riley assumed coverage on shares of AST SpaceMobile in a report on Friday, October 28th. They set a “buy” rating and a $15.00 target price for the company. Finally, TheStreet cut shares of AST SpaceMobile from a “c-” rating to a “d” rating in a research report on Monday, October 3rd.

AST SpaceMobile Trading Up 2.8 %

NASDAQ:ASTS opened at $6.66 on Wednesday. The business’s 50-day simple moving average is $7.11 and its 200 day simple moving average is $7.86. AST SpaceMobile has a one year low of $4.84 and a one year high of $14.27. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -13.06 and a beta of 0.76. The company has a debt-to-equity ratio of 0.02, a quick ratio of 10.63 and a current ratio of 10.64.

Institutional Trading of AST SpaceMobile

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its stake in AST SpaceMobile by 357.3% during the third quarter. Royal Bank of Canada now owns 3,576 shares of the company’s stock valued at $26,000 after acquiring an additional 2,794 shares in the last quarter. UBS Group AG grew its stake in AST SpaceMobile by 45.3% in the 1st quarter. UBS Group AG now owns 4,222 shares of the company’s stock worth $42,000 after buying an additional 1,316 shares in the last quarter. Millennium Management LLC bought a new stake in shares of AST SpaceMobile in the 2nd quarter worth approximately $65,000. Wolverine Asset Management LLC bought a new stake in shares of AST SpaceMobile in the 3rd quarter worth approximately $76,000. Finally, Summit Trail Advisors LLC bought a new stake in shares of AST SpaceMobile in the 2nd quarter worth approximately $76,000. Institutional investors own 6.68% of the company’s stock.

AST SpaceMobile Company Profile

(Get Rating)

AST SpaceMobile, Inc operates space-based cellular broadband network for mobile phones. Its SpaceMobile service provides mobile broadband services for users traveling in and out of areas without terrestrial mobile services on land, at sea, or in flight. The company is headquartered in Midland, Texas.

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