Starfighters Space (NYSEAMERICAN:FJET) Stock Price Down 7.7% – Here’s What Happened

Starfighters Space, Inc. (NYSEAMERICAN:FJET) shares traded down 7.7% during mid-day trading on Wednesday . The company traded as low as $3.70 and last traded at $3.72. 658,160 shares changed hands during trading, a decline of 46% from the average session volume of 1,211,840 shares. The stock had previously closed at $4.03.

Starfighters Space Stock Down 7.5%

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 fifty day simple moving average of $5.70 and a two-hundred day simple moving average of $6.68.

Starfighters Space (NYSEAMERICAN:FJET) last announced its quarterly earnings results on Wednesday, April 15th. The company reported ($0.42) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FJET. Elevation Point Wealth Partners LLC grew its position 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 purchasing an additional 3,660 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Starfighters Space in the fourth quarter worth $151,000. Cerity Partners LLC purchased a new stake in shares of Starfighters Space in the fourth quarter worth $718,000. Finally, Goldman Sachs Group Inc. bought a new stake in Starfighters Space during the fourth quarter valued at $1,322,000.

About Starfighters Space

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.