In last trading session, Globalstar Inc (NASDAQ:GSAT) saw 0.48 million shares changing hands with its beta currently measuring 0.77. Company’s recent per share price level of $21.33 trading at -$0.09 or -0.42% at ring of the bell on the day assigns it a market valuation of $2.70B. That closing price of GSAT’s stock is at a discount of -92.69% from its 52-week high price of $41.10 and is indicating a premium of 29.68% from its 52-week low price of $15.00. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.68 million shares which gives us an average trading volume of 972.84K if we extend that period to 3-months.
For Globalstar Inc (GSAT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.67. 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 -0.07 in the current quarter.
Globalstar Inc (NASDAQ:GSAT) trade information
Upright in the red during last session for losing -0.42%, in the last five days GSAT remained trading in the red while hitting it’s week-highest on Monday, 03/10/25 when the stock touched $21.33 price level, adding 6.65% to its value on the day. Globalstar Inc’s shares saw a change of -31.30% in year-to-date performance and have moved -7.62% in past 5-day. Globalstar Inc (NASDAQ:GSAT) showed a performance of 1.28% in past 30-days. Number of shares sold short was 2.8 million shares which calculate 2.37 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 45 to the stock, which implies a rise of 52.6% to its current value. Analysts have been projecting 45 as a low price target for the stock while placing it at a high target of 45. It follows that stock’s current price would drop -110.97% in reaching the projected high whereas dropping to the targeted low would mean a loss of -110.97% for stock’s current value.
Globalstar Inc (GSAT) estimates and forecasts
This year revenue growth is estimated to rise 6.87% 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 63.83M for the same. And 2 analysts are in estimates of company making revenue of 64.54M in the next quarter. Company posted 56.48M and 60.38M 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 10.18% during past 5 years.
Globalstar Inc (NASDAQ:GSAT)’s Major holders
Insiders are in possession of 60.77% of company’s total shares while institution are holding 20.36 percent of that, with stock having share float percentage of 51.90%. Investors also watch the number of corporate investors in a company very closely, which is 20.36% institutions for Globalstar Inc that are currently holding shares of the company. 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 Dec 31, 2024 , the former fund manager was holding 1.59 shares of worth $33.83 million or 1.25% of the total outstanding shares. The later fund manager was in possession of 1.31 shares on Dec 31, 2024 , making its stake of worth around $27.93 million in the company or a holder of 1.04% of company’s stock.
