Starfighters Space (NYSEAMERICAN:FJET) Stock Price Down 9.4% – Time to Sell?

Starfighters Space, Inc. (NYSEAMERICAN:FJET)’s share price fell 9.4% during trading on Thursday. The stock traded as low as $1.2050 and last traded at $1.26. Approximately 1,109,425 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 1,419,401 shares. The stock had previously closed at $1.39.

Starfighters Space Stock Down 11.9%

The firm has a market cap of $61.05 million and a PE ratio of -1.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.94 and a quick ratio of 11.95. The business has a fifty day moving average price of $2.55 and a two-hundred day moving average price of $4.43.

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

Insider Buying and Selling at Starfighters Space

In related news, major shareholder Richard William Svetkoff sold 30,092 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $3.95, for a total transaction of $118,863.40. Following the completion of the sale, the insider directly owned 13,119,179 shares in the company, valued at approximately $51,820,757.05. This trade represents a 0.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MCF Advisors LLC acquired a new position in Starfighters Space in the 2nd quarter valued at approximately $288,000. Elevation Point Wealth Partners LLC boosted its stake in shares of Starfighters Space by 36.6% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 13,660 shares of the company’s stock valued at $81,000 after buying an additional 3,660 shares during the period. Legacy Wealth Managment LLC ID acquired a new stake in shares of Starfighters Space during the 2nd quarter valued at $53,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Starfighters Space during the 2nd quarter valued at $35,000.

Starfighters Space Company Profile

Starfighters Space, Inc is a U.S.-based aerospace company that operates a fleet of Lockheed F-104 Starfighter supersonic aircraft. The company uses these aircraft for high-speed and high-altitude flight activities, providing a platform for aerospace research, testing, training and other specialized applications.

Its services are designed to support government and commercial customers, including organizations conducting flight experiments, evaluating aerospace technologies and developing human-spaceflight capabilities.