Financial Metrics Exploration: Understanding Globalstar Inc. (GSAT) Through Ratios

Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

The closing price of Globalstar Inc. (AMEX: GSAT) was $1.28 for the day, down -0.78% from the previous closing price of $1.29. In other words, the price has decreased by -$0.78 from its previous closing price. On the day, 2.56 million shares were traded. GSAT stock price reached its highest trading level at $1.29 during the session, while it also had its lowest trading level at $1.26.


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 42.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 67.99. 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:

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 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 2411417600 and an Enterprise Value of 2786874112. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.87 while its Price-to-Book (P/B) ratio in mrq is 6.35. 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 $0.93. The 50-Day Moving Average of the stock is -5.63%, while the 200-Day Moving Average is calculated to be -10.64%.

Shares Statistics:

GSAT traded an average of 3.78M shares per day over the past three months and 2142810 shares per day over the past ten days. 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 18.76% stake in the company. Shares short for GSAT as of 1713139200 were 27171258 with a Short Ratio of 7.20, compared to 1710460800 on 29550991. Therefore, it implies a Short% of Shares Outstanding of 27171258 and a Short% of Float of 3.64.

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