As of close of business last night, Globalstar Inc.’s stock clocked out at $1.51, down -2.58% from its previous closing price of $1.55. In other words, the price has decreased by -$0.0400 from its previous closing price. On the day, 3928986 shares were traded. GSAT stock price reached its highest trading level at $1.5400 during the session, while it also had its lowest trading level at $1.4900.
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Ratios:
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 44.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.63. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 0.78. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.88.
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:
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 Nov 07 when Monroe James III bought 188,300 shares for $1.36 per share. The transaction valued at 256,088 led to the insider holds 6,304,090 shares of the business.
Ponder L Barbee IV sold 188,300 shares of GSAT for $256,088 on Nov 07. The General Counsel now owns 2,086,956 shares after completing the transaction at $1.36 per share. On Sep 06, another insider, Monroe James III, who serves as the Director of the company, bought 5,080,416 shares for $1.52 each. As a result, the insider paid 7,722,232 and bolstered with 880,621,127 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 2.87B and an Enterprise Value of 3.17B. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.49 while its Price-to-Book (P/B) ratio in mrq is 7.39. Its current Enterprise Value per Revenue stands at 14.92 whereas that against EBITDA is 35.28.
Stock Price History:
Over the past 52 weeks, GSAT has reached a high of $1.89, while it has fallen to a 52-week low of $0.85. The 50-Day Moving Average of the stock is 1.3636, while the 200-Day Moving Average is calculated to be 1.1868.
Shares Statistics:
It appears that GSAT traded 4.65M shares on average per day over the past three months and 3.89M shares per day over the past ten days. A total of 1.81B shares are outstanding, with a floating share count of 719.50M. Insiders hold about 62.13% of the company’s shares, while institutions hold 16.27% stake in the company. Shares short for GSAT as of Nov 14, 2023 were 33.21M with a Short Ratio of 33.21M, compared to 37.44M on Oct 12, 2023. Therefore, it implies a Short% of Shares Outstanding of 1.77% and a Short% of Float of 4.23%.
Earnings Estimates
As of right now, 2 analysts gave their recommendation on the stock of the company. 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. 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, with 2 analysts recommending between $0 and -$0.01.
Revenue Estimates
In the current quarter, 2 analysts expect revenue to total $52.87M. It ranges from a high estimate of $53.06M to a low estimate of $52.67M. As of the current estimate, Globalstar Inc.’s year-ago sales were $41.31M, an estimated increase of 28.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $54.47M, a decrease of -7.10% less than the figure of $28.00% in the same quarter last year. There is a high estimate of $55.45M for the next quarter, whereas the lowest estimate is $53.49M.
A total of 3 analysts have provided revenue estimates for GSAT’s current fiscal year. The highest revenue estimate was $229.5M, while the lowest revenue estimate was $224.07M, resulting in an average revenue estimate of $226.01M. In the same quarter a year ago, actual revenue was $148.5M, up 52.20% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $251.5M in the next fiscal year. The high estimate is $297.3M and the low estimate is $221.25M. The average revenue growth estimate for next year is up 11.30% from the average revenue estimate for this year.
