Starfighters Space (NYSEAMERICAN:FJET) Trading 1.3% Higher – Still a Buy?

Starfighters Space, Inc. (NYSEAMERICAN:FJETGet Free Report) rose 1.3% on Thursday . The stock traded as high as $4.12 and last traded at $4.01. Approximately 848,784 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 649,390 shares. The stock had previously closed at $3.96.

Starfighters Space Stock Performance

The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average price of $4.74 and a two-hundred day moving average price of $5.93.

Starfighters Space (NYSEAMERICAN:FJETGet Free Report) last announced its quarterly earnings data on Wednesday, April 15th. The company reported ($0.42) EPS for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 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 valued at $81,000 after buying an additional 3,660 shares during the last quarter. Jane Street Group LLC purchased a new position in Starfighters Space in the 4th quarter worth $151,000. Cerity Partners LLC purchased a new position in Starfighters Space in the 4th quarter worth $718,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Starfighters Space during the 4th quarter worth about $1,322,000.

About Starfighters Space

(Get Free Report)

The Company’s mission statement is to make space accessible to entrepreneurs, researchers, industry, and government at a high cadence and the right cost. Currently, Starfighters operates the world’s only commercial fleet of flight-ready F-104 supersonic aircraft (“Lockheed F-104”). The Lockheed F-104 was developed as a supersonic aircraft for the United States Armed Forces. The single engine interceptor was favoured for its maximum altitude and climb performance. It was the first production aircraft to reach over MACH 2 in sustained, level flight, which was one of the key criteria as to why the NASA used the Lockheed F-104 for high-speed flight research at the Dryden Flight Research Center.

Further Reading

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