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In other words, the price has increased by $0.00 from its previous closing price. On the day, 2.27 million shares were traded. GSAT stock price reached its highest trading level at $1.31 during the session, while it also had its lowest trading level at $1.28.
Ratios:
For a better understanding of GSAT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 43.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 68.52. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 15 ’24 when Clary Rebecca sold 75,000 shares for $1.39 per share. The transaction valued at 104,250 led to the insider holds 1,568,745 shares of the business.
Taylor Timothy Evan sold 395,000 shares of GSAT for $565,324 on Mar 14 ’24. The VP, Finance & Operations now owns 10,673,649 shares after completing the transaction at $1.43 per share. On Mar 13 ’24, another insider, Lynch James F, who serves as the Director of the company, bought 660,000 shares for $1.46 each. As a result, the insider paid 960,300 and bolstered with 12,340,720 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 2430256640 and an Enterprise Value of 2786874112. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.95 while its Price-to-Book (P/B) ratio in mrq is 6.40. Its current Enterprise Value per Revenue stands at 12.452 whereas that against EBITDA is 30.528.
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 -12.07%, while the 200-Day Moving Average is calculated to be -8.88%.
Shares Statistics:
Over the past 3-months, GSAT traded about 4.11M shares per day on average, while over the past 10 days, GSAT traded about 3082270 shares per day. A total of 1.88B shares are outstanding, with a floating share count of 757.79M. Insiders hold about 60.12% of the company’s shares, while institutions hold 18.74% stake in the company. Shares short for GSAT as of 1711584000 were 29184722 with a Short Ratio of 7.10, compared to 1709164800 on 26587463. Therefore, it implies a Short% of Shares Outstanding of 29184722 and a Short% of Float of 3.81.
