In last trading session, Globalstar Inc (NASDAQ:GSAT) saw 0.93 million shares changing hands with its beta currently measuring 0.96. Company’s recent per share price level of $22.26 trading at -$0.75 or -3.26% at ring of the bell on the day assigns it a market valuation of $2.81B. That closing price of GSAT’s stock is at a discount of -84.64% from its 52-week high price of $41.10 and is indicating a premium of 32.61% from its 52-week low price of $15.00.
For Globalstar Inc (GSAT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.06 in the current quarter.
Globalstar Inc (NASDAQ:GSAT) trade information
Upright in the red during last session for losing -3.26%, in the last five days GSAT remained trading in the green while hitting it’s week-highest on Tuesday, 02/18/25 when the stock touched $22.26 price level, adding 5.24% to its value on the day. Globalstar Inc’s shares saw a change of -28.31% in year-to-date performance and have moved 5.70% in past 5-day. Globalstar Inc (NASDAQ:GSAT) showed a performance of -24.67% in past 30-days.
Globalstar Inc (GSAT) estimates and forecasts
This year revenue growth is estimated to rise 10.48% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 60.24M for the same. And 2 analysts are in estimates of company making revenue of 62.43M in the next quarter. Company posted 52.41M and 56.48M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -21.28% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -298.29% while estimates for its earnings growth in next 5 years are of 20.85%.
Globalstar Inc (NASDAQ:GSAT)’s Major holders
VANGUARD GROUP INC is the top institutional holder at GSAT for having 73.92 million shares of worth $82.79 million. And as of 2024-06-30, it was holding 3.9264 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 53.07 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.8192 of outstanding shares, having a total worth of $59.44 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 1.58 shares of worth $35.25 million or 1.25% of the total outstanding shares. The later fund manager was in possession of 1.37 shares on Nov 30, 2024 , making its stake of worth around $30.54 million in the company or a holder of 1.09% of company’s stock.
