In the last trading session, 9.68 million Globalstar Inc (AMEX:GSAT) shares changed hands as the company’s beta touched 1.11. With the company’s per share price at $1.93 changed hands at -$0.02 or -1.03% during last session, the market valuation stood at $3.75B. GSAT’s last price was a discount, traded about -10.36% 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 48.19% up since then. When we look at Globalstar Inc’s average trading volume, we note the 10-day average is 11.66 million shares, with the 3-month average coming to 14.59 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.
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Globalstar Inc (AMEX:GSAT) trade information
Instantly GSAT was in red as seen at the end of in last trading. With action 7.82%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -0.52%, with the 5-day performance at 7.82% in the green. However, in the 30-day time frame, Globalstar Inc (AMEX:GSAT) is 83.81% up. Looking at the short shares, we see there were 28.72 million shares sold at short interest cover period of 0.98 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 73.87% over the past 6 months, a -100.00% in annual growth rate that is considerably lower than the industry average of 8.90%.
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 January.
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 20.65% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 52.44%. There are 20.65% 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.
