Analysts gave the Globalstar, Inc. (GSAT) stock a consensus recommendation rating of Hold, calculated at a mean rating of 4. If we narrow down to specifics, the data shows that 1 out of 2 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, none recommended GSAT as a Hold, 1 felt it is a Buy and none rated the stock as Underweight. Globalstar, Inc.’s EPS for the current quarter is expected to be -$0.01.
Globalstar, Inc. (NYSE:GSAT) trade information
Instantly GSAT was in green as seen at the end of in last trading. With action 17.05%, the performance over the past five days has been green. The jump to weekly highs of $1.66 on Monday, Jun 21 added 9.04% to the stock’s daily price. The company’s shares are showing year-to-date upside of 3.46%, with the 5-day performance at 0.18% in the green. However, in the 30-day time frame, Globalstar, Inc. (NYSE:GSAT) is 0.02% up. Looking at the short shares, we see there were 50.55 Million shares sold at short interest cover period of 2.62 days.
The consensus price target for the stock as assigned by Wall Street analysts is $1.9, meaning bulls need an upside of 25.83% from its current market value. According to analyst projections, GSAT’s forecast low is $0.55 with $3.25 as the target high. To hit the forecast high, the stock’s price needs a +115.23% upsurge from its current level, while the stock would need to tank -63.58% for it to hit the projected low.
Globalstar, Inc. (GSAT) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -25.7%. The 2021 estimates are for Globalstar, Inc. earnings to decrease by -821%, but the outlook for the next 5-year period is at 15% per year.
Globalstar, Inc. (NYSE:GSAT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 59.43% of Globalstar, Inc. shares while 16.59% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 40.89%. There are 163 institutions holding the Globalstar, Inc. stock share, with Mudrick Capital Management, L.P. the top institutional holder. As of Mar 30, 2021, the company held 5.42% of the shares, roughly 97.21 Million GSAT shares worth $131.24 Million.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 2.81% or 50.35 Million shares worth $67.97 Million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 16336212 shares estimated at $22.05 Million under it, the former controlled 0.91% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 0.81% of the shares, roughly 14.45 Million shares worth around $19.51 Million.