The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
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 $1.25 down -4.58% from its previous closing price of $1.31. In other words, the price has decreased by -$4.58 from its previous closing price. On the day, 5.1 million shares were traded. GSAT stock price reached its highest trading level at $1.315 during the session, while it also had its lowest trading level at $1.24.
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 36.92 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 38.14. 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 JACOBS PAUL E sold 4,510,855 shares for $1.06 per share. The transaction valued at 4,800,001 led to the insider holds 3,143,182 shares of the business.
Monroe James III bought 4,510,855 shares of GSAT for $4,800,001 on Jun 28 ’24. The Director now owns 8,708,254 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 2365199872 and an Enterprise Value of 2732542976. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.46 while its Price-to-Book (P/B) ratio in mrq is 6.18. Its current Enterprise Value per Revenue stands at 12.04 whereas that against EBITDA is 35.939.
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 2.85%, while the 200-Day Moving Average is calculated to be -10.65%.
Shares Statistics:
For the past three months, GSAT has traded an average of 4.28M shares per day and 6962500 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 19.49% stake in the company. Shares short for GSAT as of 1723680000 were 32862131 with a Short Ratio of 7.69, compared to 1721001600 on 33196147. Therefore, it implies a Short% of Shares Outstanding of 32862131 and a Short% of Float of 4.35.
Earnings Estimates
The stock of Globalstar Inc. (GSAT) is currently being evaluated by 2.0 analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $0.0, with high estimates of $0.0 and low estimates of $0.0.
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 $0.0, with 2.0 analysts recommending between $0.0 and -$0.01.
Revenue Estimates
A total of 2 analysts believe the company’s revenue will be $60.34M this quarter.It ranges from a high estimate of $61.69M to a low estimate of $58.98M. As of the current estimate, Globalstar Inc.’s year-ago sales were $53.74MFor the next quarter, 2 analysts are estimating revenue of $61.86M. There is a high estimate of $64.42M for the next quarter, whereas the lowest estimate is $59.3M.
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 $235.14M, resulting in an average revenue estimate of $241.77M. In the same quarter a year ago, actual revenue was $223.81MBased on 3 analysts’ estimates, the company’s revenue will be $258.58M in the next fiscal year. The high estimate is $272.5M and the low estimate is $238.74M.
