During the last session, Globalstar, Inc. (NYSE:GSAT)’s traded shares were 1,010,000,000, with the beta value of the company hitting 0.03. At the end of the trading day, the stock’s price was $1.3, reflecting an intraday gain of 0.78% or $0.01. The 52-week high for the GSAT share is $2.98, that puts it down -129.23% from that peak though still a striking +78.46% gain since the share price plummeted to a 52-week low of $0.28. The company’s market capitalization is $2.19 Billion, and the average intraday trading volume over the past 10 days was 10.31 Million shares, and the average trade volume was 48.27 Million shares over the past three months.
Globalstar, Inc. (GSAT) received a consensus recommendation of Sell from analysts. That translates to a mean rating of 4. GSAT has a Sell rating from 1 analyst(s) out of 1 analysts who have looked at this stock. Neither of the analyst(s) recommend to Hold the stock while none of them suggest Overweight, and no one recommend a Buy rating for it. None of the analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.02.
Globalstar, Inc. (NYSE:GSAT): Trading Information
The consensus price target of analysts on Wall Street is $0.55, which implies a decline of -57.69% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $0.55 and $0.55 respectively. As a result, GSAT is trading at a discount of -57.69% off the target high and -57.69% off the low.
Globalstar, Inc. (GSAT) projections and forecasts
An analysis of the company’s performance over the past 5 years shows that the company’s earnings fell an estimated -25.7%. While earnings are projected to return -821% in 2021, the next five years will return 15% per annum.
Globalstar, Inc. (NYSE:GSAT)’s Biggest Investors
Globalstar, Inc. insiders own 63.24% of total outstanding shares while institutional holders control 19.77%, with the float percentage being 53.77%. Mudrick Capital Management, L.P. is the largest shareholder of the company, while 137 institutions own stock in it. As of Dec 30, 2020, the company held over 99.91 Million shares (or 5.94% of all shares), a total value of $33.83 Million in shares.
The next largest institutional holding, with 50.72 Million shares, is of Vanguard Group, Inc. (The)’s that is approximately 3.02% of outstanding shares. At the market price on Dec 30, 2020, these shares were valued at $17.17 Million.
Also, the Mutual Funds coming in first place with the largest holdings of Globalstar, Inc. (GSAT) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Dec 30, 2020 indicates that Vanguard Total Stock Market Index Fund owns about 15,778,403 shares. This amounts to just over 0.94 percent of the company’s overall shares, with a $5.34 Million market value. The same data shows that the other fund manager holds slightly less at 15.19 Million, or about 0.9% of the stock, which is worth about $5.14 Million.
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