For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
In the latest session, Globalstar Inc. (AMEX: GSAT) closed at $1.21 up 1.68% from its previous closing price of $1.19. In other words, the price has increased by $1.68 from its previous closing price. On the day, 2.77 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 $1.19.
Ratios:
For a deeper understanding of Globalstar Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 35.74 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 36.92. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 2289513728 and an Enterprise Value of 2656542976. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.13 while its Price-to-Book (P/B) ratio in mrq is 5.98. Its current Enterprise Value per Revenue stands at 11.705 whereas that against EBITDA is 34.939.
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 4.82%, while the 200-Day Moving Average is calculated to be -13.65%.
Shares Statistics:
For the past three months, GSAT has traded an average of 3.74M shares per day and 3790180 over the past ten days. 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 18.91% stake in the company. Shares short for GSAT as of 1722384000 were 32495402 with a Short Ratio of 8.69, compared to 1719532800 on 32717932. Therefore, it implies a Short% of Shares Outstanding of 32495402 and a Short% of Float of 4.3.
