Globalstar Inc (AMEX:GSAT) has a beta value of 1.05 and has seen 7.14 million shares traded in the last trading session. The company, currently valued at $3.62B, closed the last trade at $1.91 per share which meant it gained $0.09 on the day or 4.95% during that session. The GSAT stock price is -43.46% off its 52-week high price of $2.74 and 47.64% above the 52-week low of $1.00. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.68 million shares traded. The 3-month trading volume is 23.17 million shares.
The consensus among analysts is that Globalstar Inc (GSAT) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.0.
Globalstar Inc (AMEX:GSAT) trade information
Sporting 4.95% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the GSAT stock price touched $1.91 or saw a rise of 6.37%. Year-to-date, Globalstar Inc shares have moved -7.73%, while the 5-day performance has seen it change -3.05%. Over the past 30 days, the shares of Globalstar Inc (AMEX:GSAT) have changed -3.05%. Short interest in the company has seen 35.51 million shares shorted with days to cover at 2.42.
Globalstar Inc (GSAT) estimates and forecasts
Figures show that Globalstar Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 52.80% over the past 6 months, with this year growth rate of 0.00%, compared to -4.50% for the industry. Revenue growth from the last financial year stood is estimated to be 10.48%.
2 analysts offering their estimates for the company have set an average revenue estimate of 60.24M for the current quarter. 2 have an estimated revenue figure of 64.18M for the next ending quarter. Year-ago sales stood 52.41M and 56.48M respectively for this quarter and the next, and analysts expect sales will grow by 14.94% for the current quarter and 10.48% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -21.49% over the past 5 years. Earnings growth for 2025 is a modest -298.81% while over the next 5 years, the company’s earnings are expected to increase by 22.02%.
GSAT Dividends
Globalstar Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Globalstar Inc (AMEX:GSAT)’s Major holders
Insiders own 60.83% of the company shares, while shares held by institutions stand at 21.79% with a share float percentage of 55.62%. Investors are also buoyed by the number of investors in a company, with Globalstar Inc having a total of 289.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 73.92 million shares worth more than $82.79 million. As of 2024-06-30, VANGUARD GROUP INC held 3.9264% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 53.07 million shares as of 2024-06-30. The firm’s total holdings are worth over $59.44 million and represent 2.8192% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Sep 30, 2024 , the former fund manager holds about 1.25% shares in the company for having 23.75 shares of worth $45.37 million while later fund manager owns 20.58 shares of worth $39.3 million as of Nov 30, 2024 , which makes it owner of about 1.09% of company’s outstanding stock.
