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After finishing at $1.20 in the prior trading day, Globalstar Inc. (AMEX: GSAT) closed at $1.17, down -2.50%. In other words, the price has decreased by -$2.50 from its previous closing price. On the day, 2.25 million shares were traded. GSAT stock price reached its highest trading level at $1.21 during the session, while it also had its lowest trading level at $1.16.
Ratios:
Our goal is to gain a better understanding of GSAT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 34.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.70. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 1.10 whereas as Long-Term Debt/Eq ratio is at 1.01.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 11 ’24 when Taylor Timothy Evan sold 395,000 shares for $1.22 per share. The transaction valued at 482,097 led to the insider holds 10,278,649 shares of the business.
Taylor Timothy Evan sold 395,000 shares of GSAT for $465,587 on Sep 12 ’24. The VP, Finance & Operations now owns 9,883,649 shares after completing the transaction at $1.18 per share. On Sep 12 ’24, another insider, Taylor Timothy Evan, who serves as the Officer of the company, bought 395,000 shares for $1.21 each.
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 2213827072 and an Enterprise Value of 2580542976. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.79 while its Price-to-Book (P/B) ratio in mrq is 5.78. Its current Enterprise Value per Revenue stands at 11.37 whereas that against EBITDA is 33.94.
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 $1.01. The 50-Day Moving Average of the stock is -4.92%, while the 200-Day Moving Average is calculated to be -14.22%.
Shares Statistics:
The stock has traded on average 4.74M shares per day over the past 3-months and 2893100 shares per day over the last 10 days, according to various share statistics. A total of 1.88B shares are outstanding, with a floating share count of 752.13M. Insiders hold about 60.41% of the company’s shares, while institutions hold 19.50% stake in the company. Shares short for GSAT as of 1726185600 were 25165663 with a Short Ratio of 5.31, compared to 1723680000 on 32862131. Therefore, it implies a Short% of Shares Outstanding of 25165663 and a Short% of Float of 3.3299996999999997.
