Financial Analysis: Globalstar Inc. (GSAT)’s Ratios Unveil Key Insights

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As of close of business last night, Globalstar Inc.’s stock clocked out at $1.08, down -2.70% from its previous closing price of $1.11. In other words, the price has decreased by -$2.70 from its previous closing price. On the day, 1.51 million shares were traded. GSAT stock price reached its highest trading level at $1.105 during the session, while it also had its lowest trading level at $1.08.


To gain a deeper understanding of GSAT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 34.62 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 45.53. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 1.13 whereas as Long-Term Debt/Eq ratio is at 1.04.

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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 03 ’24 when Clary Rebecca sold 75,000 shares for $1.11 per share. The transaction valued at 82,943 led to the insider holds 1,493,745 shares of the business.

Clary Rebecca sold 75,000 shares of GSAT for $104,250 on Mar 15 ’24. The VP & Chief Financial Officer now owns 1,568,745 shares after completing the transaction at $1.39 per share. On Mar 14 ’24, another insider, Taylor Timothy Evan, who serves as the VP, Finance & Operations of the company, sold 395,000 shares for $1.43 each. As a result, the insider received 565,324 and left with 10,673,649 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 2091150080 and an Enterprise Value of 2419938048. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.26 while its Price-to-Book (P/B) ratio in mrq is 5.40. Its current Enterprise Value per Revenue stands at 10.918 whereas that against EBITDA is 30.304.

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 $0.96. The 50-Day Moving Average of the stock is -13.78%, while the 200-Day Moving Average is calculated to be -24.76%.

Shares Statistics:

It appears that GSAT traded 3.36M shares on average per day over the past three months and 3062040 shares per day over the past ten days. A total of 1.88B shares are outstanding, with a floating share count of 757.69M. Insiders hold about 60.12% of the company’s shares, while institutions hold 19.07% stake in the company. Shares short for GSAT as of 1715731200 were 30348851 with a Short Ratio of 9.04, compared to 1713139200 on 27171258. Therefore, it implies a Short% of Shares Outstanding of 30348851 and a Short% of Float of 4.0599998.

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