Globalstar Inc (NASDAQ:GSAT)’s traded shares stood at 1.03 million during the last session, with the company’s beta value hitting 1.00. At the close of trading, the stock’s price was $21.74, to imply an increase of 11.09% or $2.17 in intraday trading. The GSAT share’s 52-week high remains $41.10, putting it -89.05% down since that peak but still an impressive 31.0% since price per share fell to its 52-week low of $15.00.
Analysts have given a consensus recommendation of Buy for Globalstar Inc (GSAT), translating to a mean rating of 1.50. Of 2 analyst(s) looking at the stock, 0 analyst(s) give GSAT a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.06.
Globalstar Inc (NASDAQ:GSAT) trade information
After registering a 11.09% upside in the last session, Globalstar Inc (GSAT) has traded red over the past five days. The 5-day price performance for the stock is -5.52%, and -20.37% over 30 days. With these gigs, the year-to-date price performance is -29.98%.
Globalstar Inc (GSAT) estimates and forecasts
The rating firms project that company’s revenue will grow 11.21% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 60.24M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 62.43M.Earnings reports from the last fiscal year show that sales brought in 52.41M and 56.48M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 14.94% before jumping 10.54% in the following quarter.
GSAT Dividends
Globalstar Inc has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Globalstar Inc (NASDAQ:GSAT)’s Major holders
The next major institution holding the largest number of shares is BLACKROCK INC. with 53.07 million shares, or about 2.8192% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $59.44 million.
We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Globalstar Inc (GSAT) shares. Going by data provided on Sep 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 1.58 shares. This is just over 1.25% of the total shares, with a market valuation of $34.43 million. Data from the same date shows that the other fund manager holds a little less at 1.37, or 1.09% of the shares, all valued at about 29.82 million.
