In the last trading session, 1.16 million Globalstar Inc (NASDAQ:GSAT) shares changed hands as the company’s beta touched 0.99. With the company’s per share price at $19.57 changed hands at -$1.01 or -4.91% during last session, the market valuation stood at $2.47B. GSAT’s last price was a discount, traded about -110.02% off its 52-week high of $41.10. The share price had its 52-week low at $15.00, which suggests the last value was 23.35% up since then.
Analysts gave the Globalstar Inc (GSAT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.50. 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 -0.06.
Globalstar Inc (NASDAQ:GSAT) trade information
Instantly GSAT was in red as seen at the end of in last trading. With action -12.20%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -36.97%, with the 5-day performance at -12.20% in the red. However, in the 30-day time frame, Globalstar Inc (NASDAQ:GSAT) is -34.11% down.
Globalstar Inc (GSAT) estimates and forecasts
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 62.43M. 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 10.54%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -21.28%. The 2025 estimates are for Globalstar Inc earnings to decrease by -298.29%, but the outlook for the next 5-year period is at 20.85% per year.
GSAT Dividends
Globalstar Inc is expected to release its next quarterly earnings report in March.
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 iShares Russell 2000 ETF . With 1.58 shares estimated at $30.99 million under it, the former controlled 1.25% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.09% of the shares, roughly 1.37 shares worth around $26.85 million.
