Globalstar Inc. (AMEX:GSAT) currently has a daily average trading volume of 4.31M but it saw 5409037 shares traded in last market. With a market cap of 2.01B USD, the company’s current market price of $1.06 came falling about -2.75 while comparing to the previous closing price of $1.09. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.13 and as low as $1.01. In the recent trading on the day, stock has struck highest price mark of $1.05 while lowest mark touched by it was $1.0999.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Imperial Capital which initiated the stock as “Outperform” in its note to investors issued on August 04, 2023, recommending a price target of $7.79 for it. Morgan Stanley upgraded its recommendation for the stock as a “Equal-Weight” from “Underweight” on May 03, 2023 while assigning a price target range of $1.75-$0.97. Craig Hallum also issued its recommendations for the stock as it initiated the price target for the stock is $5.
Over the week, GSAT’s stock price is moving -12.40% down while it is -10.17% when we observe its performance for the past one month. Year-to-date it is -45.36% down and over the past year, the stock is showing a downside performance of -16.54%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0 beat the consensus estimate of 0 for the same. The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of 0.0 while estimate for next year EPS is -0.01. In next quarter, company is expected to be making quarterly sales of $61.86M as analysts are expecting the sales for current fiscal year at $242.08M and seeing the company making $259.46M in sales next year. Moreover, analysts are in estimates of $60.34M for current-quarter revenue.
Currently, Globalstar Inc.’s total number of outstanding shares is 1.88B. Company’s return on investment (ROI) stands at -6.76% and return on equity (ROE) at -12.64%. Stock’s beta reads 0.86. Stock has a price to book (P/B) ratio of 5.24 while price to sale or P/S ratio amounts to 8.87. Its return on asset (ROA) is -5.02% on average.
