Starfighters Space (NYSEAMERICAN:FJET) Stock Price Down 3.6% – Here’s What Happened

Starfighters Space, Inc. (NYSEAMERICAN:FJET)’s stock price was down 3.6% on Wednesday. The company traded as low as $1.85 and last traded at $1.87. 1,554,633 shares were traded during trading, a decline of 8% from the average session volume of 1,685,249 shares. The stock had previously closed at $1.94.

Starfighters Space Trading Up 1.1%

The company’s fifty day simple moving average is $3.23 and its 200-day simple moving average is $5.05. The firm has a market capitalization of $100.10 million and a PE ratio of -2.04. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.94 and a quick ratio of 11.95.

Starfighters Space (NYSEAMERICAN:FJET) last released its quarterly earnings results on Wednesday, August 19th. The company reported ($0.24) earnings per share for the quarter.

Insider Buying and Selling

In other Starfighters Space news, major shareholder Richard William Svetkoff sold 30,092 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $3.95, for a total transaction of $118,863.40. Following the completion of the transaction, the insider owned 13,119,179 shares of the company’s stock, valued at $51,820,757.05. This represents a 0.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Starfighters Space

Institutional investors have recently made changes to their positions in the company. MCF Advisors LLC acquired a new position in Starfighters Space in the 2nd quarter valued at $288,000. Integrated Wealth Concepts LLC acquired a new stake in Starfighters Space during the 2nd quarter worth $35,000. Legacy Wealth Managment LLC ID purchased a new stake in shares of Starfighters Space during the second quarter worth $53,000. Finally, Elevation Point Wealth Partners LLC grew its holdings in shares of Starfighters Space by 36.6% during the first quarter. Elevation Point Wealth Partners LLC now owns 13,660 shares of the company’s stock worth $81,000 after buying an additional 3,660 shares in the last quarter.

Starfighters Space Company Profile

Starfighters Space, Inc is an aerospace company focused on providing commercial space and high-performance flight services. The company operates a fleet of Lockheed F-104 Starfighter aircraft, which it uses as platforms for research, testing, training and other specialized aerospace activities.

Its capabilities are centered on high-speed, high-altitude flight operations. Starfighters Space has promoted the use of its aircraft for microgravity and atmospheric research, technology testing, astronaut and pilot training, and commercial flight experiences.