Globalstar Inc. (AMEX:GSAT) has a beta value of -0.02 and has seen 17.01 million shares traded in the recent trading session. The company, currently valued at $2.42B, closed the recent trade at $2.16 per share which meant it lost -$0.04 on the day or -1.82% during that session. The GSAT stock price is -37.96% off its 52-week high price of $2.98 and 86.57% above the 52-week low of $0.29. The 3-month trading volume is 35.40 million shares.
The consensus among analysts is that Globalstar Inc. (GSAT) is a Hold stock at the moment, with a recommendation rating of 2.70. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.01.
Globalstar Inc. (AMEX:GSAT) trade information
Sporting -1.82% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the GSAT stock price touched $2.16 or saw a rise of 8.09%. Year-to-date, Globalstar Inc. shares have moved 549.73%, while the 5-day performance has seen it change 53.85%. Over the past 30 days, the shares of Globalstar Inc. (AMEX:GSAT) have changed 60.58%.
Wall Street analysts have a consensus price target for the stock at $1.90, which means that the shares’ value could drop -13.68% from the levels at last check today. The projected low price target is $0.55 while the price target rests at a high of $3.25. In that case, then, we find that the latest price level in today’s session is -50.46% off the targeted high while a plunge would see the stock lose 74.54% from the levels at last check today.
Globalstar Inc. (GSAT) estimates and forecasts
Figures show that Globalstar Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 59.42% over the past 6 months, with this year growth rate of 14.29%, compared to 14.70% for the industry. Revenue growth from the last financial year stood is estimated to be -8.30%.
1 analysts offering their estimates for the company have set an average revenue estimate of $30.28 million for the current quarter. 1 have an estimated revenue figure of $28.39 million for the next quarter concluding in Sep 2021. Year-ago sales stood $30.36 million and $32.76 million respectively for this quarter and the next, and analysts expect sales will shrink by -0.30% for the current quarter and -13.30% for the next.
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 -25.70% over the past 5 years. Earnings growth for 2021 is a modest -821.00% while over the next 5 years, the company’s earnings are expected to increase by 15.00%.
Globalstar Inc. is expected to release its next earnings report between November 04 and November 08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Globalstar Inc. (AMEX:GSAT)’s Major holders
Insiders own 59.40% of the company shares, while shares held by institutions stand at 17.82% with a share float percentage of 43.90%. Investors are also buoyed by the number of investors in a company, with Globalstar Inc. having a total of 189 institutions that hold shares in the company. The top two institutional holders are Mudrick Capital Management, L.P. with over 80.0 million shares worth more than $142.4 million. As of Jun 29, 2021, Mudrick Capital Management, L.P. held 4.46% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 66.97 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $119.21 million and represent 3.74% 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 Jun 29, 2021, the former fund manager holds about 1.13% shares in the company for having 20.23 million shares of worth $36.01 million while later fund manager owns 17.81 million shares of worth $31.7 million as of Jun 29, 2021, which makes it owner of about 0.99% of company’s outstanding stock.