During the recent session, Globalstar Inc (AMEX:GSAT)’s traded shares were 5.07 million, with the beta value of the company hitting 1.07. At the last check today, the stock’s price was $2.14, reflecting an intraday gain of 3.36% or $0.07. The 52-week high for the GSAT share is $2.74, that puts it down -28.04 from that peak though still a striking 53.27% gain since the share price plummeted to a 52-week low of $1.00. The company’s market capitalization is $4.05B, and the average intraday trading volume over the past 10 days was 15.03 million shares, and the average trade volume was 20.07 million shares over the past three months.
Globalstar Inc (GSAT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. GSAT has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.0.
Globalstar Inc (AMEX:GSAT) trade information
Globalstar Inc (GSAT) registered a 3.36% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 3.36% in intraday trading to $2.14, hitting a weekly high. The stock’s 5-day price performance is 8.60%, and it has moved by 10.85% in 30 days. Based on these gigs, the overall price performance for the year is 14.41%. The short interest in Globalstar Inc (AMEX:GSAT) is 30.12 million shares and it means that shorts have 1.46 day(s) to cover.
Globalstar Inc (GSAT) estimates and forecasts
Statistics show that Globalstar Inc has outperformed its competitors in share price, compared to the industry in which it operates. Globalstar Inc (GSAT) shares have gone up 94.50% during the last six months, with a year-to-date growth rate more than the industry average at 0.00% against -4.50. In the rating firms’ projections, revenue will increase 10.48% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 60.24M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 64.18M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 52.41M and 56.48M respectively. In this case, analysts expect current quarter sales to grow by 14.94% and then jump by 13.64% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -21.49%. While earnings are projected to return -298.81% in 2025, the next five years will return 15.00% per annum.
GSAT Dividends
Globalstar Inc is due to release its next quarterly earnings in February. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Globalstar Inc (AMEX:GSAT)’s Major holders
Globalstar Inc insiders own 60.82% of total outstanding shares while institutional holders control 20.60%, with the float percentage being 52.58%. VANGUARD GROUP INC is the largest shareholder of the company, while 281.0 institutions own stock in it. As of 2024-06-30, the company held over 73.92 million shares (or 3.9264% of all shares), a total value of $82.79 million in shares.
The next largest institutional holding, with 53.07 million shares, is of BLACKROCK INC.’s that is approximately 2.8192% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $59.44 million.
Also, the Mutual Funds coming in first place with the largest holdings of Globalstar Inc (GSAT) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 23.75 shares. This amounts to just over 1.25 percent of the company’s overall shares, with a $50.72 million market value. The same data shows that the other fund manager holds slightly less at 19.05, or about 1.01% of the stock, which is worth about $40.68 million.
