The closing price of Globalstar Inc. (AMEX: GSAT) was $1.18 for the day, up 9.26% from the previous closing price of $1.08. In other words, the price has increased by $+0.1000 from its previous closing price. On the day, 5997334 shares were traded. GSAT stock price reached its highest trading level at $1.1900 during the session, while it also had its lowest trading level at $1.0700.
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Our analysis of GSAT’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.40 and its Current Ratio is at 0.40. In the meantime, Its Debt-to-Equity ratio is 0.59 whereas as Long-Term Debt/Eq ratio is at 0.59.
Upgrades & Downgrades
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 16 when Monroe James III bought 145,360 shares for $1.06 per share. The transaction valued at 154,082 led to the insider holds 5,584,398 shares of the business.
Monroe James III bought 75,175 shares of GSAT for $75,175 on May 15. The Director now owns 5,439,038 shares after completing the transaction at $1.00 per share. On May 11, another insider, Monroe James III, who serves as the Director of the company, bought 708,863 shares for $0.99 each. As a result, the insider paid 701,774 and bolstered with 5,363,863 shares of the company.
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 1.81B and an Enterprise Value of 1.94B. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.40 while its Price-to-Book (P/B) ratio in mrq is 6.94. Its current Enterprise Value per Revenue stands at 11.12 whereas that against EBITDA is 33.18.
Stock Price History:
Over the past 52 weeks, GSAT has reached a high of $2.98, while it has fallen to a 52-week low of $0.85. The 50-Day Moving Average of the stock is 1.0358, while the 200-Day Moving Average is calculated to be 1.4647.
GSAT traded an average of 4.32M shares per day over the past three months and 4.65M shares per day over the past ten days. A total of 1.81B shares are outstanding, with a floating share count of 681.44M. Insiders hold about 0.70% of the company’s shares, while institutions hold 18.60% stake in the company. Shares short for GSAT as of Apr 27, 2023 were 32.02M with a Short Ratio of 32.02M, compared to 34.34M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.77% and a Short% of Float of 4.60%.
The firm’s stock currently is rated by 2 analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$0.01. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between -$0.01 and -$0.01 for the fiscal current year, implying an average EPS of -$0.01. EPS for the following year is -$0.01, with 2 analysts recommending between -$0.01 and -$0.01.
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $51.98M to a low estimate of $50.83M. As of the current estimate, Globalstar Inc.’s year-ago sales were $36.8M, an estimated increase of 39.70% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $53.05M, an increase of 41.00% over than the figure of $39.70% in the same quarter last year. There is a high estimate of $54.87M for the next quarter, whereas the lowest estimate is $51.22M.
A total of 3 analysts have provided revenue estimates for GSAT’s current fiscal year. The highest revenue estimate was $221.33M, while the lowest revenue estimate was $212.44M, resulting in an average revenue estimate of $216.28M. In the same quarter a year ago, actual revenue was $148.5M, up 45.60% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $217.52M in the next fiscal year. The high estimate is $233.84M and the low estimate is $208.36M. The average revenue growth estimate for next year is up 0.60% from the average revenue estimate for this year.