In the last trading session, 40.45 million Globalstar Inc (AMEX:GSAT) shares changed hands as the company’s beta touched 1.08. With the company’s per share price at $2.01 changed hands at $0.03 or 1.52% during last session, the market valuation stood at $4.09B. GSAT’s last price was a discount, traded about -5.97% off its 52-week high of $2.13. The share price had its 52-week low at $1.00, which suggests the last value was 50.25% up since then. When we look at Globalstar Inc’s average trading volume, we note the 10-day average is 53.1 million shares, with the 3-month average coming to 12.05 million.
Analysts gave the Globalstar Inc (GSAT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended GSAT as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Globalstar Inc’s EPS for the current quarter is expected to be 0.0.
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Globalstar Inc (AMEX:GSAT) trade information
Instantly GSAT was in green as seen at the end of in last trading. With action 10.44%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 3.61%, with the 5-day performance at 10.44% in the green. However, in the 30-day time frame, Globalstar Inc (AMEX:GSAT) is 67.50% up. Looking at the short shares, we see there were 25.38 million shares sold at short interest cover period of 6.66 days.
Globalstar Inc (GSAT) estimates and forecasts
Data shows that the Globalstar Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 71.79% over the past 6 months, a -100.00% in annual growth rate that is considerably lower than the industry average of 2.10%. Year-over-year growth is forecast to reach 10.50% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 60.24M. 2 analysts are of the opinion that Globalstar Inc’s revenue for the current quarter will be 61.78M. The company’s revenue for the corresponding quarters a year ago was 52.41M and 56.48M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 14.90%. The estimates for the next quarter sales put growth at 9.40%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -21.49%. The 2024 estimates are for Globalstar Inc earnings to decrease by -165.87%, but the outlook for the next 5-year period is at 15.00% per year.
GSAT Dividends
Globalstar Inc is expected to release its next quarterly earnings report in December.
Globalstar Inc (AMEX:GSAT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 60.62% of Globalstar Inc shares while 19.74% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 50.13%. There are 19.74% institutions holding the Globalstar Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 3.9264% of the shares, roughly 73.92 million GSAT shares worth $82.79 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 2.8192% or 53.07 million shares worth $59.44 million as of 2024-06-30.
