During the last session, Globalstar Inc (NASDAQ:GSAT)’s traded shares were 0.64 million, with the beta value of the company hitting 0.77. At the end of the trading day, the stock’s price was $23.09, reflecting an intraday gain of 2.99% or $0.67. The 52-week high for the GSAT share is $41.10, that puts it down -78.0 from that peak though still a striking 35.04% gain since the share price plummeted to a 52-week low of $15.00. The company’s market capitalization is $2.92B, and the average trade volume was 1.13 million shares over the past three months.
Globalstar Inc (GSAT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.67. GSAT has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.07.
Globalstar Inc (NASDAQ:GSAT) trade information
Globalstar Inc (GSAT) registered a 2.99% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.99% in intraday trading to $23.09, hitting a weekly high. The stock’s 5-day price performance is 6.95%, and it has moved by -2.57% in 30 days. Based on these gigs, the overall price performance for the year is 15.74%.
Globalstar Inc (GSAT) estimates and forecasts
In the rating firms’ projections, revenue will increase 6.87% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 63.83M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 64.54M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 56.48M and 60.38M respectively. In this case, analysts expect current quarter sales to grow by 13.01% and then jump by 6.89% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 10.18%. While earnings are projected to return 108.52% in 2025.
GSAT Dividends
Globalstar Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 53.07 million shares, is of BLACKROCK INC.’s that is approximately 2.8192% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $59.44 million.
Also, the Mutual Funds coming in first place with the largest holdings of Globalstar Inc (GSAT) shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.58 shares. This amounts to just over 1.25 percent of the company’s overall shares, with a $36.57 million market value. The same data shows that the other fund manager holds slightly less at 1.31, or about 1.04% of the stock, which is worth about $30.24 million.
