The closing price of Globalstar Inc. (AMEX: GSAT) was $1.32 for the day, down -1.49% from the previous closing price of $1.34. In other words, the price has decreased by -$0.0200 from its previous closing price. On the day, 1953658 shares were traded.
Ratios:
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 44.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 70.11. 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 2.48B and an Enterprise Value of 2.82B. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.21 while its Price-to-Book (P/B) ratio in mrq is 6.55. Its current Enterprise Value per Revenue stands at 12.60 whereas that against EBITDA is 31.89.
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 1.5048, while the 200-Day Moving Average is calculated to be 1.4073.
Shares Statistics:
GSAT traded an average of 4.39M shares per day over the past three months and 3.19M 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 18.74% stake in the company. Shares short for GSAT as of Mar 15, 2024 were 29.55M with a Short Ratio of 6.74, compared to 27.98M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.57% and a Short% of Float of 3.85%.
Earnings Estimates
The firm’s stock currently is rated by 3 analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of -$0.01, while EPS last year was $0. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of -$0.01.
Analysts are recommending an EPS of between $0 and -$0.02 for the fiscal current year, implying an average EPS of -$0.01. EPS for the following year is -$0.01, with 3 analysts recommending between $0 and -$0.02.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. It ranges from a high estimate of $56.28M to a low estimate of $53.19M. As of the current estimate, Globalstar Inc.’s year-ago sales were $58.64M, an estimated decrease of -6.70% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $57.22M, an increase of 3.90% over than the figure of -$6.70% in the same quarter last year. There is a high estimate of $57.6M for the next quarter, whereas the lowest estimate is $56.84M.
A total of 3 analysts have provided revenue estimates for GSAT’s current fiscal year. The highest revenue estimate was $247.2M, while the lowest revenue estimate was $226.11M, resulting in an average revenue estimate of $236.47M. In the same quarter a year ago, actual revenue was $223.81M, up 5.70% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $253.2M in the next fiscal year. The high estimate is $272.5M and the low estimate is $228.25M. The average revenue growth estimate for next year is up 7.10% from the average revenue estimate for this year.
