Globalstar Inc. (AMEX:GSAT)’s traded shares stood at 4.57 million during the last session, with the company’s beta value hitting 0.87.The GSAT share’s 52-week high remains $2.13, putting it -106.8% down since that peak but still an impressive 2.91% since price per share fell to its 52-week low of $1.00. The company has a valuation of $1.96B, with an average of 4.22 million shares in intraday trading volume over the past 10 days and average of 4.42 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Globalstar Inc. (GSAT), translating to a mean rating of 1.40. Of 2 analyst(s) looking at the stock, 0 analyst(s) give GSAT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.0.
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Globalstar Inc. (AMEX:GSAT) trade information
The 5-day price performance for the stock is -14.17%, and -14.17% over 30 days. With these gigs, the year-to-date price performance is -46.91%. Short interest in Globalstar Inc. (AMEX:GSAT) saw shorts transact 26.82 million shares and set a 5.52 days time to cover.
Globalstar Inc. (GSAT) estimates and forecasts
Looking at statistics comparing Globalstar Inc. share performance against respective industry, we note that the company has underperformed competitors. Globalstar Inc. (GSAT) shares are -20.16% down over the last 6 months, with its year-to-date growth rate lower than industry average at -100.00% against 2.10%. The rating firms project that company’s revenue will grow 8.20% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 60.34M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 61.86M.Earnings reports from the last fiscal year show that sales brought in 53.74M and 52.41M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 12.30% before jumping 18.00% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -21.49% for the past 5-year period. While 2024 is set for a -221.96% return in earnings, projections for the next 5 years are at 15.00% annually.
GSAT Dividends
Globalstar Inc. has its next earnings report out on 2024-Aug-08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Globalstar Inc. (AMEX:GSAT)’s Major holders
Globalstar Inc. insiders hold 60.38% of total outstanding shares, with institutional holders owning 19.90% of the shares at 50.23% float percentage. In total, 19.90% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 73.92 million shares (or 3.9264% of shares), all amounting to roughly $82.79 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 53.07 million shares, or about 2.8192% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $59.44 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Globalstar Inc. (GSAT) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 23.27 shares. This is just over 1.22% of the total shares, with a market valuation of $23.97 million. Data from the same date shows that the other fund manager holds a little less at 19.12, or 1.01% of the shares, all valued at about 19.69 million.
