Globalstar Inc. (GSAT) Stocks Hit Low of $1.3500 Before Closing at $1.37


In the latest session, Globalstar Inc. (AMEX: GSAT) closed at $1.37 down -2.14% from its previous closing price of $1.40. In other words, the price has decreased by -$0.0300 from its previous closing price. On the day, 6793031 shares were traded. GSAT stock price reached its highest trading level at $1.4300 during the session, while it also had its lowest trading level at $1.3500.

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For a deeper understanding of Globalstar Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 0.70. In the meantime, Its Debt-to-Equity ratio is 1.07 whereas as Long-Term Debt/Eq ratio is at 0.97.

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.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 06 when Monroe James III bought 5,080,416 shares for $1.52 per share. The transaction valued at 7,722,232 led to the insider holds 880,621,127 shares of the business.

Lynch James F sold 5,080,416 shares of GSAT for $7,722,232 on Sep 06. The Director now owns 7,290,720 shares after completing the transaction at $1.52 per share. On Sep 01, another insider, Clary Rebecca, who serves as the VP & Chief Financial Officer of the company, sold 100,000 shares for $1.48 each. As a result, the insider received 148,000 and left with 1,623,616 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 2.52B and an Enterprise Value of 2.82B. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.08 while its Price-to-Book (P/B) ratio in mrq is 8.06. Its current Enterprise Value per Revenue stands at 14.62 whereas that against EBITDA is 40.45.

Stock Price History:

Over the past 52 weeks, GSAT has reached a high of $2.33, while it has fallen to a 52-week low of $0.85. The 50-Day Moving Average of the stock is 1.1868, while the 200-Day Moving Average is calculated to be 1.2000.

Shares Statistics:

For the past three months, GSAT has traded an average of 5.10M shares per day and 9M over the past ten days. A total of 1.81B shares are outstanding, with a floating share count of 658.11M. Insiders hold about 0.70% of the company’s shares, while institutions hold 18.60% stake in the company. Shares short for GSAT as of Aug 30, 2023 were 29.51M with a Short Ratio of 29.51M, compared to 30.81M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.64% and a Short% of Float of 4.31%.

Earnings Estimates

There are 2 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was -$0.11. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.

Analysts are recommending an EPS of between -$0.01 and -$0.01 for the fiscal current year, implying an average EPS of -$0.01. EPS for the following year is -$0.01, with 2 analysts recommending between $0 and -$0.01.

Revenue Estimates

A total of 2 analysts believe the company’s revenue will be $53.74M this quarter.It ranges from a high estimate of $55.42M to a low estimate of $52.07M. As of the current estimate, Globalstar Inc.’s year-ago sales were $37.63M, an estimated increase of 42.80% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $54.36M, an increase of 31.60% less than the figure of $42.80% in the same quarter last year. There is a high estimate of $56.37M for the next quarter, whereas the lowest estimate is $52.34M.

A total of 3 analysts have provided revenue estimates for GSAT’s current fiscal year. The highest revenue estimate was $225.51M, while the lowest revenue estimate was $218.12M, resulting in an average revenue estimate of $221.31M. In the same quarter a year ago, actual revenue was $148.5M, up 49.00% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $245.24M in the next fiscal year. The high estimate is $285.3M and the low estimate is $214.57M. The average revenue growth estimate for next year is up 10.80% from the average revenue estimate for this year.


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