In last trading session, Globalstar Inc (AMEX:GSAT) saw 40.48 million shares changing hands with its beta currently measuring 0.90. Company’s recent per share price level of $1.86 trading at $0.11 or 6.29% at ring of the bell on the day assigns it a market valuation of $3.53B. That closing price of GSAT’s stock is at a discount of -14.52% from its 52-week high price of $2.13 and is indicating a premium of 46.24% from its 52-week low price of $1.00. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 40.43 million shares which gives us an average trading volume of 9.98 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 1.50. 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. The company is expected to be making an EPS of 0.0 in the current quarter.
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Globalstar Inc (AMEX:GSAT) trade information
Upright in the green during last session for gaining 6.29%, in the last five days GSAT remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $1.86 price level, adding 2.11% to its value on the day. Globalstar Inc’s shares saw a change of -4.12% in year-to-date performance and have moved 73.83% in past 5-day. Globalstar Inc (AMEX:GSAT) showed a performance of 56.30% in past 30-days. Number of shares sold short was 25.38 million shares which calculate 6.66 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 added 45.31% of value to its shares in past 6 months, showing an annual growth rate of -100.00% while that of industry is 2.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 7.40% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 60.34M for the same. And 2 analysts are in estimates of company making revenue of 61.86M in the next quarter. Company posted 53.74M and 52.41M of sales in current and next quarters respectively a year earlier.
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 -239.12% while estimates for its earnings growth in next 5 years are of 15.00%.
Globalstar Inc (AMEX:GSAT)’s Major holders
Insiders are in possession of 60.38% of company’s total shares while institution are holding 19.90 percent of that, with stock having share float percentage of 50.23%. Investors also watch the number of corporate investors in a company very closely, which is 19.90% institutions for Globalstar Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at GSAT for having 73.92 million shares of worth $82.79 million. And as of 2024-06-30, it was holding 3.9264 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 53.07 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.8192 of outstanding shares, having a total worth of $59.44 million.
