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The price of Globalstar Inc. (AMEX: GSAT) closed at $1.09 in the last session, up 1.87% from day before closing price of $1.07. In other words, the price has increased by $1.87 from its previous closing price. On the day, 2.07 million shares were traded. GSAT stock price reached its highest trading level at $1.11 during the session, while it also had its lowest trading level at $1.07.
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 34.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 45.95. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 1.13 whereas as Long-Term Debt/Eq ratio is at 1.04.
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 Jun 28 ’24 when Monroe James III bought 4,510,855 shares for $1.06 per share. The transaction valued at 4,800,001 led to the insider holds 8,708,254 shares of the business.
JACOBS PAUL E sold 4,510,855 shares of GSAT for $4,800,001 on Jun 28 ’24. The Chief Executive Officer now owns 3,143,182 shares after completing the transaction at $1.06 per share. On Jun 03 ’24, another insider, Clary Rebecca, who serves as the VP & Chief Financial Officer of the company, sold 75,000 shares for $1.11 each. As a result, the insider received 82,943 and left with 1,493,745 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 2053472896 and an Enterprise Value of 2438938112. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.34 while its Price-to-Book (P/B) ratio in mrq is 5.45. Its current Enterprise Value per Revenue stands at 11.004 whereas that against EBITDA is 30.542.
Stock Price History:
The Beta on a monthly basis for GSAT is 0.91, which has changed by 0.028301835 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. Over the past 52 weeks, GSAT has reached a high of $2.13, while it has fallen to a 52-week low of $1.01. The 50-Day Moving Average of the stock is -6.49%, while the 200-Day Moving Average is calculated to be -23.00%.
Shares Statistics:
According to the various share statistics, GSAT traded on average about 3.07M shares per day over the past 3-months and 3502480 shares per day over the past 10 days. A total of 1.88B shares are outstanding, with a floating share count of 757.77M. Insiders hold about 60.12% of the company’s shares, while institutions hold 19.03% stake in the company. Shares short for GSAT as of 1718323200 were 33390159 with a Short Ratio of 10.87, compared to 1715731200 on 30348851. Therefore, it implies a Short% of Shares Outstanding of 33390159 and a Short% of Float of 4.4699997.
