Globalstar Inc. (NYSE:GSAT) has a beta value of 0 and has seen 12,337,707 shares traded in the last trading session. The company, currently valued at $2.27 Billion, closed the last trade at $1.27 per share which meant it gained $0.04 on the day or 3.25% during that session. The GSAT stock price is -134.65% off its 52-week high price of $2.98 and 77.95% above the 52-week low of $0.28. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.31 Million shares traded. The 3-month trading volume is 48.27 Million shares.
The consensus among analysts is that Globalstar Inc. (GSAT) is a Sell stock at the moment, with a recommendation rating of 4. 1 analysts rate the stock as a Sell, while none rate it as Overweight. None out of 1 have rated it as a Hold, with no one of them advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.02.
Globalstar Inc. (NYSE:GSAT) trade information
Sporting 3.25% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the GSAT stock price touched $1.575 or saw a rise of 19.37%. Year-to-date, Globalstar Inc. shares have moved 275.07%, while the 5-day performance has seen it change 37.98%. Over the past 30 days, the shares of Globalstar Inc. (NYSE:GSAT) have changed -2.31%. Short interest in the company has seen 41.07 Million shares shorted with days to cover at 0.85.
Wall Street analysts have a consensus price target for the stock at $0.55, which means that the shares’ value could jump -56.69% from current levels. The projected low price target is $0.55 while the price target rests at a high of $0.55. In that case, then, we find that the current price level is -56.69% off the targeted high while a plunge would see the stock lose -56.69% from current levels.
Globalstar Inc. (GSAT) estimates and forecasts
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -25.7% over the past 5 years. Earnings growth for 2021 is a modest -821% while over the next 5 years, the company’s earnings are expected to increase by 15%.
Globalstar Inc. (NYSE:GSAT)’s Major holders
Insiders own 63.3% of the company shares, while shares held by institutions stand at 19.79% with a share float percentage of 53.93%. Investors are also buoyed by the number of investors in a company, with Globalstar Inc. having a total of 147 institutions that hold shares in the company. The top two institutional holders are Mudrick Capital Management, L.P. with over 99.91 Million shares worth more than $33.83 Million. As of December 30, 2020, Mudrick Capital Management, L.P. held 5.94% of shares outstanding.
The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 50.72 Million shares as of December 30, 2020. The firm’s total holdings are worth over $17.17 Million and represent 3.02% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of December 30, 2020, the former fund manager holds about 0.94% shares in the company for having 15778403 shares of worth $5.34 Million while later fund manager owns 15.19 Million shares of worth $5.14 Million as of December 30, 2020, which makes it owner of about 0.9% of company’s outstanding stock.