Globalstar Inc. (AMEX:GSAT) has a beta value of 0.86 and has seen 0.78 million shares traded in the recent trading session. The company, currently valued at $2.26B, closed the recent trade at $1.19 per share which meant it lost -$0.04 on the day or -3.25% during that session. The GSAT stock price is -78.99% off its 52-week high price of $2.13 and 15.13% above the 52-week low of $1.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.02 million shares traded. The 3-month trading volume is 4.82 million shares.
The consensus among analysts is that Globalstar Inc. (GSAT) is Buy stock at the moment, with a recommendation rating of 1.40. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.0.
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Globalstar Inc. (AMEX:GSAT) trade information
Sporting -3.25% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the GSAT stock price touched $1.19 or saw a rise of 4.8%. Year-to-date, Globalstar Inc. shares have moved -38.66%, while the 5-day performance has seen it change -0.83%. Over the past 30 days, the shares of Globalstar Inc. (AMEX:GSAT) have changed -15.60%. Short interest in the company has seen 30.28 million shares shorted with days to cover at 5.97.
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 -14.39% over the past 6 months, with this year growth rate of -100.00%, compared to 12.70% for the industry. Revenue growth from the last financial year stood is estimated to be 8.20%.
2 analysts offering their estimates for the company have set an average revenue estimate of 60.34M for the current quarter. 2 have an estimated revenue figure of 61.86M for the next ending quarter. Year-ago sales stood 53.74M and 52.41M respectively for this quarter and the next, and analysts expect sales will grow by 12.30% for the current quarter and 8.20% 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 -239.09% 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 on 2024-Aug-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 60.38% of the company shares, while shares held by institutions stand at 19.93% with a share float percentage of 50.29%. Investors are also buoyed by the number of investors in a company, with Globalstar Inc. having a total of 276.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 73.92 million shares worth more than $82.79 million. As of 2024-06-30, VANGUARD GROUP INC held 3.9264% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 53.07 million shares as of 2024-06-30. The firm’s total holdings are worth over $59.44 million and represent 2.8192% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of Jun 30, 2024, the former fund manager holds about 1.22% shares in the company for having 23.27 shares of worth $27.46 million while later fund manager owns 19.52 shares of worth $23.03 million as of Aug 31, 2024, which makes it owner of about 1.03% of company’s outstanding stock.
