During the recent session, Globalstar Inc (AMEX:GSAT)’s traded shares were 111.51 million, with the beta value of the company hitting 0.89. At the last check today, the stock’s price was $1.40, reflecting an intraday gain of 33.33% or $0.35. The 52-week high for the GSAT share is $2.13, that puts it down -52.14 from that peak though still a striking 28.57% gain since the share price plummeted to a 52-week low of $1.00. The company’s market capitalization is $2.66B, and the average intraday trading volume over the past 10 days was 4.39 million shares, and the average trade volume was 4.40 million shares over the past three months.
Globalstar Inc (GSAT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.40. GSAT has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.0.
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Globalstar Inc (AMEX:GSAT) trade information
Globalstar Inc (GSAT) registered a 33.33% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 33.33% in intraday trading to $1.40, hitting a weekly high. The stock’s 5-day price performance is 35.92%, and it has moved by 19.66% in 30 days. Based on these gigs, the overall price performance for the year is 0.00%. The short interest in Globalstar Inc (AMEX:GSAT) is 25.38 million shares and it means that shorts have 6.66 day(s) to cover.
Globalstar Inc (GSAT) estimates and forecasts
Statistics show that Globalstar Inc has underperformed its competitors in share price, compared to the industry in which it operates. Globalstar Inc (GSAT) shares have gone up 7.69% during the last six months, with a year-to-date growth rate less than the industry average at -100.00% against 2.10. In the rating firms’ projections, revenue will increase 8.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 60.34M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 61.86M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 53.74M and 52.41M respectively. In this case, analysts expect current quarter sales to grow by 12.30% and then jump by 18.00% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -21.49%. While earnings are projected to return -221.96% in 2024, the next five years will return 15.00% per annum.
GSAT Dividends
Globalstar Inc is due to release its next quarterly earnings on 2024-Aug-08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Globalstar Inc (AMEX:GSAT)’s Major holders
Globalstar Inc insiders own 60.38% of total outstanding shares while institutional holders control 19.90%, with the float percentage being 50.22%. VANGUARD GROUP INC is the largest shareholder of the company, while 271.0 institutions own stock in it. As of 2024-06-30, the company held over 73.92 million shares (or 3.9264% of all shares), a total value of $82.79 million in shares.
The next largest institutional holding, with 53.07 million shares, is of BLACKROCK INC.’s that is approximately 2.8192% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $59.44 million.
