In last trading session, Globalstar Inc (AMEX:GSAT) saw 12.95 million shares changing hands with its beta currently measuring 1.06. Company’s recent per share price level of $1.90 trading at $0.08 or 4.40% at ring of the bell on the day assigns it a market valuation of $3.75B. That closing price of GSAT’s stock is at a discount of -12.11% from its 52-week high price of $2.13 and is indicating a premium of 47.37% 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 13.28 million shares which gives us an average trading volume of 14.33 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 4.40%, in the last five days GSAT remained trading in the green while hitting it’s week-highest on Wednesday, 11/27/24 when the stock touched $1.90 price level, adding 3.55% to its value on the day. Globalstar Inc’s shares saw a change of -2.06% in year-to-date performance and have moved 11.11% in past 5-day. Globalstar Inc (AMEX:GSAT) showed a performance of 68.14% in past 30-days. Number of shares sold short was 28.72 million shares which calculate 0.98 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 68.14% of value to its shares in past 6 months, showing an annual growth rate of -100.00% while that of industry is 8.90. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 11.44% 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 60.24M for the same. And 2 analysts are in estimates of company making revenue of 61.78M in the next quarter. Company posted 52.41M and 56.48M 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 -165.87% 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 60.62% of company’s total shares while institution are holding 20.65 percent of that, with stock having share float percentage of 52.44%. Investors also watch the number of corporate investors in a company very closely, which is 20.65% 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.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 23.27 shares of worth $44.21 million or 1.23% of the total outstanding shares. The later fund manager was in possession of 19.52 shares on Aug 31, 2024 , making its stake of worth around $37.08 million in the company or a holder of 1.03% of company’s stock.
