The price of Globalstar Inc. (AMEX: GSAT) closed at $1.43 in the last session, down -2.05% from day before closing price of $1.46. In other words, the price has decreased by -$0.0300 from its previous closing price. On the day, 4291640 shares were traded.
Ratios:
We take a closer look at GSAT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 47.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 75.96. For the most recent quarter (mrq), Quick Ratio is recorded 0.73 and its Current Ratio is at 0.81. In the meantime, Its Debt-to-Equity ratio is 1.04 whereas as Long-Term Debt/Eq ratio is at 0.94.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Imperial Capital on August 04, 2023, initiated with a Outperform rating and assigned the stock a target price of $7.79.
On May 03, 2023, Morgan Stanley Upgraded its rating to Equal-Weight which previously was Underweight and also lowered its target price recommendation from $1.75 to $0.97.
On October 31, 2022, Craig Hallum started tracking the stock assigning a Buy rating and target price of $5.Craig Hallum initiated its Buy rating on October 31, 2022, with a $5 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 12 ’24 when Lynch James F bought 660,000 shares for $1.44 per share. The transaction valued at 952,776 led to the insider holds 11,680,720 shares of the business.
Lynch James F bought 660,000 shares of GSAT for $934,890 on Mar 11 ’24. The Director now owns 11,020,720 shares after completing the transaction at $1.42 per share. On Mar 08 ’24, another insider, Lynch James F, who serves as the Director of the company, bought 660,000 shares for $1.34 each. As a result, the insider paid 883,872 and bolstered with 10,360,720 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GSAT now has a Market Capitalization of 2.69B and an Enterprise Value of 3.03B. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.14 while its Price-to-Book (P/B) ratio in mrq is 7.10. Its current Enterprise Value per Revenue stands at 13.52 whereas that against EBITDA is 34.23.
Stock Price History:
Over the past 52 weeks, GSAT has reached a high of $2.13, while it has fallen to a 52-week low of $0.85. The 50-Day Moving Average of the stock is 1.6606, while the 200-Day Moving Average is calculated to be 1.3893.
Shares Statistics:
According to the various share statistics, GSAT traded on average about 5.17M shares per day over the past 3-months and 5.31M shares per day over the past 10 days. A total of 1.88B shares are outstanding, with a floating share count of 755.72M. Insiders hold about 60.23% of the company’s shares, while institutions hold 18.71% stake in the company. Shares short for GSAT as of Feb 29, 2024 were 26.59M with a Short Ratio of 5.14, compared to 27.24M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.41% and a Short% of Float of 3.47%.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of -$0.01, while EPS last year was $0. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of -$0.01.
Analysts are recommending an EPS of between $0 and -$0.02 for the fiscal current year, implying an average EPS of -$0.01. EPS for the following year is -$0.01, with 3 analysts recommending between $0 and -$0.02.
Revenue Estimates
According to 2 analysts, the current quarter’s revenue is expected to be $54.74M. It ranges from a high estimate of $56.28M to a low estimate of $53.19M. As of the current estimate, Globalstar Inc.’s year-ago sales were $58.64M, an estimated decrease of -6.70% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $57.22M, an increase of 3.90% over than the figure of -$6.70% in the same quarter last year. There is a high estimate of $57.6M for the next quarter, whereas the lowest estimate is $56.84M.
A total of 3 analysts have provided revenue estimates for GSAT’s current fiscal year. The highest revenue estimate was $247.2M, while the lowest revenue estimate was $226.11M, resulting in an average revenue estimate of $236.47M. In the same quarter a year ago, actual revenue was $223.81M, up 5.70% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $253.2M in the next fiscal year. The high estimate is $272.5M and the low estimate is $228.25M. The average revenue growth estimate for next year is up 7.10% from the average revenue estimate for this year.
