Globalstar Inc. (AMEX: GSAT) closed the day trading at $1.45 down -16.67% from the previous closing price of $1.74. In other words, the price has decreased by -$0.2900 from its previous closing price. On the day, 14852135 shares were traded.
Ratios:
For a better understanding of GSAT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 42.95 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.94. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 0.78. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.88.
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 Dec 29 when Lynch James F bought 500,000 shares for $1.93 per share. The transaction valued at 963,700 led to the insider holds 9,040,720 shares of the business.
Lynch James F bought 500,000 shares of GSAT for $863,800 on Dec 20. The Director now owns 8,540,720 shares after completing the transaction at $1.73 per share. On Dec 19, another insider, Lynch James F, who serves as the Director of the company, bought 500,000 shares for $1.70 each. As a result, the insider paid 847,900 and bolstered with 8,040,720 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 2.75B and an Enterprise Value of 3.06B. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.95 while its Price-to-Book (P/B) ratio in mrq is 7.10. Its current Enterprise Value per Revenue stands at 14.38 whereas that against EBITDA is 34.01.
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 $0.85. The 50-Day Moving Average of the stock is 1.7496, while the 200-Day Moving Average is calculated to be 1.3722.
Shares Statistics:
Over the past 3-months, GSAT traded about 4.84M shares per day on average, while over the past 10 days, GSAT traded about 3.74M shares per day. A total of 1.81B shares are outstanding, with a floating share count of 755.96M. Insiders hold about 60.21% of the company’s shares, while institutions hold 18.71% stake in the company. Shares short for GSAT as of Feb 15, 2024 were 27.98M with a Short Ratio of 5.79, compared to 31.28M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.49% and a Short% of Float of 3.56%.
Earnings Estimates
Current recommendations for the stock of the company come from 2 analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0 and a low estimate of $0, while EPS last year was $0. The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between -$0.01 and -$0.01 for the fiscal current year, implying an average EPS of -$0.01. EPS for the following year is $0, with 2 analysts recommending between $0 and -$0.01.
Revenue Estimates
2 analysts predict $52.87M in revenue for the current quarter. It ranges from a high estimate of $53.06M to a low estimate of $52.67M. As of the current estimate, Globalstar Inc.’s year-ago sales were $41.31M, an estimated increase of 28.00% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $54.47M, a decrease of -7.10% less than the figure of $28.00% in the same quarter last year. There is a high estimate of $55.45M for the next quarter, whereas the lowest estimate is $53.49M.
A total of 3 analysts have provided revenue estimates for GSAT’s current fiscal year. The highest revenue estimate was $229.5M, while the lowest revenue estimate was $224.07M, resulting in an average revenue estimate of $226.01M. In the same quarter a year ago, actual revenue was $148.5M, up 52.20% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $251.5M in the next fiscal year. The high estimate is $297.3M and the low estimate is $221.25M. The average revenue growth estimate for next year is up 11.30% from the average revenue estimate for this year.
