In today’s recent session, 0.8 million shares of the Globalstar Inc. (AMEX:GSAT) have been traded, and its beta is 0.90. Most recently the company’s share price was $1.07, and it changed around $0.01 or 0.94% from the last close, which brings the market valuation of the company to $2.03B. GSAT at last check was trading at a discount to its 52-week high of $2.13, offering almost -99.07% off that amount. The share price’s 52-week low was $0.97, which indicates that the recent value has risen by an impressive 9.35% since then. We note from Globalstar Inc.’s average daily trading volume that its 3-month average coming to 3.06 million.
Globalstar Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.40. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended GSAT as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Globalstar Inc. is expected to report earnings per share of 0.0 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Globalstar Inc. (AMEX:GSAT) trade information
Instantly GSAT has been showing a green trend so far today with a performance of 0.94% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -44.85% year-to-date, but still up 3.88% over the last five days. On the other hand, Globalstar Inc. (AMEX:GSAT) is -0.93% down in the 30-day period.
Globalstar Inc. (GSAT) estimates and forecasts
Globalstar Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -43.09 percent over the past six months and at a -100.00% annual growth rate that is well below the industry average of -15.90%. The year-over-year growth rate is expected to be 6.10%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 57.16M in revenue for the current quarter. 2 analysts expect Globalstar Inc. to make 59.12M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 55.07M and 53.74M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 3.80%. Forecasts for the next quarter put sales growth at 10.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -21.49%. Globalstar Inc. earnings are expected to increase by -322.83% in 2024, but the outlook is positive 15.00% per year for the next five years.
GSAT Dividends
Globalstar Inc.’s next quarterly earnings report is expected to be released in July.
