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The price of Globalstar Inc (AMEX: GSAT) closed at $2.11 in the last session, down -4.52% from day before closing price of $2.21. In other words, the price has decreased by -$4.52 from its previous closing price. On the day, 21.42 million shares were traded. GSAT stock price reached its highest trading level at $2.33 during the session, while it also had its lowest trading level at $2.09.
Ratios:
We take a closer look at GSAT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 82.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 55.91. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 1.09. In the meantime, Its Debt-to-Equity ratio is 1.07 whereas as Long-Term Debt/Eq ratio is at 0.99.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 03 ’24 when HASLER WILLIAM A sold 90,000 shares for $1.93 per share. The transaction valued at 173,754 led to the insider holds 848,668 shares of the business.
Taylor Timothy Evan sold 395,000 shares of GSAT for $482,097 on Sep 11 ’24. The VP, Finance & Operations now owns 10,278,649 shares after completing the transaction at $1.22 per share. On Sep 12 ’24, another insider, Taylor Timothy Evan, who serves as the VP, Finance & Operations of the company, sold 395,000 shares for $1.18 each. As a result, the insider received 465,587 and left with 9,883,649 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 3992900608 and an Enterprise Value of 4363905024. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.73 while its Price-to-Book (P/B) ratio in mrq is 10.13. Its current Enterprise Value per Revenue stands at 18.064 whereas that against EBITDA is 51.933.
Stock Price History:
Over the past 52 weeks, GSAT has reached a high of $2.29, while it has fallen to a 52-week low of $1.00. The 50-Day Moving Average of the stock is 38.16%, while the 200-Day Moving Average is calculated to be 59.84%.
Shares Statistics:
According to the various share statistics, GSAT traded on average about 15.82M shares per day over the past 3-months and 15394500 shares per day over the past 10 days. A total of 1.89B shares are outstanding, with a floating share count of 749.15M. Insiders hold about 60.41% of the company’s shares, while institutions hold 20.26% stake in the company. Shares short for GSAT as of 1731628800 were 28717607 with a Short Ratio of 1.81, compared to 1728950400 on 25380862. Therefore, it implies a Short% of Shares Outstanding of 28717607 and a Short% of Float of 3.8.
Earnings Estimates
Currently, 1.0 analysts are dedicated to thoroughly evaluating and rating the performance of Globalstar Inc (GSAT) in the stock market.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 1.0 analysts recommending between -$0.01 and -$0.01.
Revenue Estimates
According to 2 analysts, the current quarter’s revenue is expected to be $60.24M. It ranges from a high estimate of $61.18M to a low estimate of $59.3M. As of the current estimate, Globalstar Inc’s year-ago sales were $52.41MFor the next quarter, 2 analysts are estimating revenue of $61.78M. There is a high estimate of $63.76M for the next quarter, whereas the lowest estimate is $59.81M.
A total of 2 analysts have provided revenue estimates for GSAT’s current fiscal year. The highest revenue estimate was $250.35M, while the lowest revenue estimate was $248.47M, resulting in an average revenue estimate of $249.41M. In the same quarter a year ago, actual revenue was $223.81MBased on 3 analysts’ estimates, the company’s revenue will be $255.48M in the next fiscal year. The high estimate is $267.45M and the low estimate is $236.88M.
