In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Globalstar Inc (NASDAQ: GSAT) was $22.66 for the day, up 2.53% from the previous closing price of $22.10. In other words, the price has increased by $2.53 from its previous closing price. On the day, 0.86 million shares were traded. GSAT stock price reached its highest trading level at $23.05 during the session, while it also had its lowest trading level at $21.91.
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 55.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 37.35. 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 sold 14,539 shares for $2.19 per share. The transaction valued at 31,840 led to the insider holds 84,815 shares of the business.
JACOBS PAUL E bought 14,539 shares of GSAT for $31,840 on Jan 06 ’25. On Dec 27 ’24, another insider, Monroe James III, who serves as the Director of the company, bought 1,000,000 shares for $2.13 each. As a result, the insider paid 2,128,700 and bolstered with 12,334,090 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 2861504768 and an Enterprise Value of 3229743872. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.84 while its Price-to-Book (P/B) ratio in mrq is 7.25. Its current Enterprise Value per Revenue stands at 13.369 whereas that against EBITDA is 38.436.
Stock Price History:
The Beta on a monthly basis for GSAT is 0.97, which has changed by -0.9395349 over the last 52 weeks, in comparison to a change of 0.22894537 over the same period for the S&P500. Over the past 52 weeks, GSAT has reached a high of $41.10, while it has fallen to a 52-week low of $15.00. The 50-Day Moving Average of the stock is -19.76%, while the 200-Day Moving Average is calculated to be 5.70%.
Shares Statistics:
GSAT traded an average of 1.14M shares per day over the past three months and 1026194 shares per day over the past ten days. A total of 126.16M shares are outstanding, with a floating share count of 49.55M. Insiders hold about 60.77% of the company’s shares, while institutions hold 19.76% stake in the company. Shares short for GSAT as of 1736899200 were 2367647 with a Short Ratio of 1.95, compared to 1734048000 on 2008331. Therefore, it implies a Short% of Shares Outstanding of 2367647 and a Short% of Float of 4.79.
