Why Should We Buy Globalstar Inc. (GSAT) Stock?

Globalstar Inc. (AMEX:GSAT) has a beta value of 0.91 and has seen 1.64 million shares traded in the recent trading session. The company, currently valued at $2.09B, closed the recent trade at $1.10 per share which meant it gained $0.04 on the day or 3.77% during that session. The GSAT stock price is -93.64% off its 52-week high price of $2.13 and 12.73% above the 52-week low of $0.96. The 3-month trading volume is 3.31 million shares.

Globalstar Inc. (AMEX:GSAT) trade information

Sporting 3.77% in the green today, the stock has traded in the red over the last five days, when the GSAT stock price touched $1.10 or saw a rise of 7.56%. Year-to-date, Globalstar Inc. shares have moved -43.30%, while the 5-day performance has seen it change -0.90%. Over the past 30 days, the shares of Globalstar Inc. (AMEX:GSAT) have changed -10.57%.

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Globalstar Inc. (GSAT) estimates and forecasts

Figures show that Globalstar Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -25.17% over the past 6 months, with this year growth rate of -100.00%, compared to -15.90% for the industry. Revenue growth from the last financial year stood is estimated to be 6.10%.

2 analysts offering their estimates for the company have set an average revenue estimate of 57.16M for the current quarter. 2 have an estimated revenue figure of 59.12M for the next ending quarter. Year-ago sales stood 55.07M and 53.74M respectively for this quarter and the next, and analysts expect sales will grow by 3.80% for the current quarter and 6.10% 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 -21.49% over the past 5 years. Earnings growth for 2024 is a modest -322.83% while over the next 5 years, the company’s earnings are expected to increase by 15.00%.

GSAT Dividends

Globalstar Inc. is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.