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After finishing at $1.25 in the prior trading day, Globalstar Inc. (AMEX: GSAT) closed at $1.19, down -4.80%. In other words, the price has decreased by -$4.80 from its previous closing price. On the day, 2.83 million shares were traded. GSAT stock price reached its highest trading level at $1.24 during the session, while it also had its lowest trading level at $1.185.
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 38.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 50.17. 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:
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 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 2241864960 and an Enterprise Value of 2628937984. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.20 while its Price-to-Book (P/B) ratio in mrq is 5.95. Its current Enterprise Value per Revenue stands at 11.861 whereas that against EBITDA is 32.921.
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 2.99%, while the 200-Day Moving Average is calculated to be -15.59%.
Shares Statistics:
The stock has traded on average 3.57M shares per day over the past 3-months and 3731720 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 754.50M. Insiders hold about 60.29% of the company’s shares, while institutions hold 19.06% stake in the company. Shares short for GSAT as of 1721001600 were 33196147 with a Short Ratio of 9.29, compared to 1718323200 on 33390159. Therefore, it implies a Short% of Shares Outstanding of 33196147 and a Short% of Float of 4.4499997.
Earnings Estimates
At present, 3.0 analysts are actively evaluating the performance of Globalstar Inc. (GSAT) in the stock market.On average, analysts expect EPS of $0.0 for the current quarter, with a high estimate of $0.0 and a low estimate of -$0.01, while EPS last year was $0. The consensus estimate for the next quarter is $0.0, with high estimates of $0.0 and low estimates of -$0.01.
Analysts are recommending an EPS of between -$0.01 and -$0.02 for the fiscal current year, implying an average EPS of -$0.01. EPS for the following year is -$0.01, with 3.0 analysts recommending between $0.0 and -$0.01.
Revenue Estimates
2 analysts predict $57.16M in revenue for the current quarter. It ranges from a high estimate of $57.49M to a low estimate of $56.84M. As of the current estimate, Globalstar Inc.’s year-ago sales were $55.07MFor the next quarter, 2 analysts are estimating revenue of $59.12M. There is a high estimate of $61.77M for the next quarter, whereas the lowest estimate is $56.48M.
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 $226.15M, resulting in an average revenue estimate of $237.53M. In the same quarter a year ago, actual revenue was $223.81MBased on 3 analysts’ estimates, the company’s revenue will be $255.11M in the next fiscal year. The high estimate is $272.5M and the low estimate is $228.66M.
