Starfighters Space (NYSEAMERICAN:FJET) Shares Up 1.3% – Time to Buy?

Shares of Starfighters Space, Inc. (NYSEAMERICAN:FJET) traded up 1.3% during trading on Thursday . The stock traded as high as $4.12 and last traded at $4.01. 848,784 shares traded hands during mid-day trading, an increase of 31% from the average session volume of 649,390 shares. The stock had previously closed at $3.96.

Starfighters Space Trading Up 1.3%

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

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

Institutional Trading of Starfighters Space

A number of hedge funds have recently modified their holdings of FJET. Elevation Point Wealth Partners LLC grew its holdings in 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 acquiring an additional 3,660 shares during the period. Jane Street Group LLC purchased a new position in Starfighters Space during the fourth quarter valued at approximately $151,000. Cerity Partners LLC acquired a new position in Starfighters Space in the fourth quarter valued at approximately $718,000. Finally, Goldman Sachs Group Inc. acquired a new position in Starfighters Space in the fourth quarter valued at approximately $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.