In last trading session, Globalstar Inc. (AMEX:GSAT) saw 3.59 million shares changing hands with its beta currently measuring 0.90. Company’s recent per share price level of $1.23 trading at $0.04 or 3.36% at ring of the bell on the day assigns it a market valuation of $2.34B. That closing price of GSAT’s stock is at a discount of -73.17% from its 52-week high price of $2.13 and is indicating a premium of 17.89% from its 52-week low price of $1.01. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.45 million shares which gives us an average trading volume of 3.54 million if we extend that period to 3-months.
For Globalstar Inc. (GSAT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.40. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Globalstar Inc. (AMEX:GSAT) trade information
Upright in the green during last session for gaining 3.36%, in the last five days GSAT remained trading in the green while hitting it’s week-highest on Tuesday, 07/23/24 when the stock touched $1.23 price level, adding 3.14% to its value on the day. Globalstar Inc.’s shares saw a change of -36.60% in year-to-date performance and have moved 2.50% in past 5-day. Globalstar Inc. (AMEX:GSAT) showed a performance of 17.14% in past 30-days. Number of shares sold short was 33.2 million shares which calculate 7.6 days to cover the short interests.
Globalstar Inc. (GSAT) estimates and forecasts
Statistics highlight that Globalstar Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -24.54% of value to its shares in past 6 months, showing an annual growth rate of -100.00% while that of industry is -15.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -21.49% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -322.83% while estimates for its earnings growth in next 5 years are of 15.00%.
GSAT Dividends
Globalstar Inc. is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Globalstar Inc. (AMEX:GSAT)’s Major holders
Insiders are in possession of 60.38% of company’s total shares while institution are holding 19.45 percent of that, with stock having share float percentage of 49.09%. Investors also watch the number of corporate investors in a company very closely, which is 19.45% institutions for Globalstar Inc. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at GSAT for having 73.23 million shares of worth $107.65 million. And as of 2024-03-31, it was holding 3.9 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 51.98 million shares on 2024-03-31. The number of shares represents firm’s hold over 2.768 of outstanding shares, having a total worth of $76.41 million.
