Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, Globalstar Inc’s stock clocked out at $1.89, down -4.55% from its previous closing price of $1.98. In other words, the price has decreased by -$4.55 from its previous closing price. On the day, 10.84 million shares were traded. GSAT stock price reached its highest trading level at $1.96 during the session, while it also had its lowest trading level at $1.87.
Ratios:
To gain a deeper understanding of GSAT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 68.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.72. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jan 06 ’25 when JACOBS PAUL E sold 14,539 shares for $2.19 per share. The transaction valued at 31,840 led to the insider holds 84,815 shares of the business.
JACOBS PAUL E bought 14,539 shares of GSAT for $31,840 on Jan 06 ’25. On Dec 27 ’24, another insider, Monroe James III, who serves as the Director of the company, bought 1,000,000 shares for $2.13 each. As a result, the insider paid 2,128,700 and bolstered with 12,334,090 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 3580038144 and an Enterprise Value of 3947582720. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.82 while its Price-to-Book (P/B) ratio in mrq is 9.08. Its current Enterprise Value per Revenue stands at 16.341 whereas that against EBITDA is 46.978.
Stock Price History:
The Beta on a monthly basis for GSAT is 1.06, which has changed by 0.027173877 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, GSAT has reached a high of $2.74, while it has fallen to a 52-week low of $1.00. The 50-Day Moving Average of the stock is -0.45%, while the 200-Day Moving Average is calculated to be 36.52%.
Shares Statistics:
It appears that GSAT traded 21.61M shares on average per day over the past three months and 17487200 shares per day over the past ten days. A total of 1.89B shares are outstanding, with a floating share count of 741.70M. Insiders hold about 60.84% of the company’s shares, while institutions hold 20.24% stake in the company. Shares short for GSAT as of 1734048000 were 30124969 with a Short Ratio of 1.49, compared to 1731628800 on 28717607. Therefore, it implies a Short% of Shares Outstanding of 30124969 and a Short% of Float of 3.9899999999999998.
