Globalstar Inc (AMEX:GSAT)’s traded shares stood at 5.12 million during the latest session, with the company’s beta value hitting 1.08. At the last check today, the stock’s price was $2.05, to imply an increase of 4.07% or $0.08 in intraday trading. The GSAT share’s 52-week high remains $2.74, putting it -33.66% down since that peak but still an impressive 51.22% since price per share fell to its 52-week low of $1.00. The company has a valuation of $3.88B, with an average of 17.9 million shares in intraday trading volume over the past 10 days and average of 19.16 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Globalstar Inc (GSAT), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give GSAT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.0.
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Globalstar Inc (AMEX:GSAT) trade information
After registering a 4.07% upside in the latest session, Globalstar Inc (GSAT) has traded red over the past five days. The 5-day price performance for the stock is 10.82%, and 9.63% over 30 days. With these gigs, the year-to-date price performance is 5.68%. Short interest in Globalstar Inc (AMEX:GSAT) saw shorts transact 28.24 million shares and set a 0.85 days time to cover.
Globalstar Inc (GSAT) estimates and forecasts
Looking at statistics comparing Globalstar Inc share performance against respective industry, we note that the company has underperformed competitors. Globalstar Inc (GSAT) shares are 84.69% up over the last 6 months, with its year-to-date growth rate lower than industry average at -100.00% against -17.00%. The rating firms project that company’s revenue will grow 11.44% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 60.24M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 64.18M.Earnings reports from the last fiscal year show that sales brought in 52.41M and 56.48M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 14.94% before jumping 13.64% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -21.49% for the past 5-year period. While 2024 is set for a -298.81% return in earnings, projections for the next 5 years are at 15.00% annually.
GSAT Dividends
Globalstar Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Globalstar Inc (AMEX:GSAT)’s Major holders
Globalstar Inc insiders hold 60.61% of total outstanding shares, with institutional holders owning 20.63% of the shares at 52.38% float percentage. In total, 20.63% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 73.92 million shares (or 3.9264% of shares), all amounting to roughly $82.79 million.
The next major institution holding the largest number of shares is BLACKROCK INC. with 53.07 million shares, or about 2.8192% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $59.44 million.
