In the latest trading session, 3.0 million Globalstar Inc (AMEX:GSAT) shares changed hands as the company’s beta touched 1.08. With the company’s most recent per share price at $1.83 changed hands at -$0.06 or -3.17% at last look, the market valuation stands at $3.47B. GSAT’s current price is a discount, trading about -49.73% off its 52-week high of $2.74. The share price had its 52-week low at $1.00, which suggests the last value was 45.36% up since then. When we look at Globalstar Inc’s average trading volume, we note the 10-day average is 17.49 million shares, with the 3-month average coming to 22.04 million.
Analysts gave the Globalstar Inc (GSAT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. 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.
Globalstar Inc (AMEX:GSAT) trade information
Instantly GSAT was in red as seen in intraday trades today. With action -16.82%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -11.59%, with the 5-day performance at -16.82% in the red. However, in the 30-day time frame, Globalstar Inc (AMEX:GSAT) is -20.09% down. Looking at the short shares, we see there were 30.12 million shares sold at short interest cover period of 1.46 days.
Globalstar Inc (GSAT) estimates and forecasts
Data shows that the Globalstar Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 41.86% over the past 6 months, a 0.00% in annual growth rate that is considerably higher than the industry average of -4.50%. Year-over-year growth is forecast to reach 10.48% 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 64.18M. 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 14.94%. The estimates for the next quarter sales put growth at 13.64%.
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 2025 estimates are for Globalstar Inc earnings to decrease by -298.81%.
GSAT Dividends
Globalstar Inc is expected to release its next quarterly earnings report in February.
Globalstar Inc (AMEX:GSAT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 60.83% of Globalstar Inc shares while 20.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 52.68%. There are 20.64% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 23.75 shares estimated at $43.56 million under it, the former controlled 1.25% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 1.01% of the shares, roughly 19.05 shares worth around $34.93 million.
