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The closing price of Globalstar Inc (AMEX: GSAT) was $2.19 for the day, down -0.45% from the previous closing price of $2.20. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 21.69 million shares were traded. GSAT stock price reached its highest trading level at $2.34 during the session, while it also had its lowest trading level at $2.14.
Ratios:
Our analysis of GSAT’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 82.91 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 56.18. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 1.09. In the meantime, Its Debt-to-Equity ratio is 1.07 whereas as Long-Term Debt/Eq ratio is at 0.99.
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:
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 Jan 06 ’25 when JACOBS PAUL E bought 14,539 shares for $2.19 per share.
Monroe James III bought 1,000,000 shares of GSAT for $2,128,700 on Dec 27 ’24. The Director now owns 12,334,090 shares after completing the transaction at $2.13 per share. On Dec 26 ’24, another insider, Monroe James III, who serves as the Director of the company, bought 500,000 shares for $2.10 each. As a result, the insider paid 1,048,550 and bolstered with 11,334,090 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 4148298240 and an Enterprise Value of 4515294720. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.82 while its Price-to-Book (P/B) ratio in mrq is 10.52. Its current Enterprise Value per Revenue stands at 18.691 whereas that against EBITDA is 53.734.
Stock Price History:
The Beta on a monthly basis for GSAT is 1.06, which has changed by 0.111111164 over the last 52 weeks, in comparison to a change of 0.24933672 over the same period for the S&P500. Over the past 52 weeks, GSAT has reached a high of $2.74, while it has fallen to a 52-week low of $1.00. The 50-Day Moving Average of the stock is 18.92%, while the 200-Day Moving Average is calculated to be 59.25%.
Shares Statistics:
GSAT traded an average of 20.81M shares per day over the past three months and 14874980 shares per day over the past ten days. A total of 1.89B shares are outstanding, with a floating share count of 741.85M. Insiders hold about 60.84% of the company’s shares, while institutions hold 20.25% stake in the company. Shares short for GSAT as of 1734048000 were 30124969 with a Short Ratio of 1.45, compared to 1731628800 on 28717607. Therefore, it implies a Short% of Shares Outstanding of 30124969 and a Short% of Float of 3.9899999999999998.
