Globalstar Inc (AMEX:GSAT) does about 14.59M shares in volume on a normal day but saw 9681742 shares change hands in the recent trading day. The company now has a market cap of 3.65B USD. Its current market price is $1.93, marking a decrease of -1.03% compared to the previous close of $1.95. The 52 week high reached by this stock is $2.13 whilst the lowest price level in 52 weeks is $1.00.
Globalstar Inc (GSAT) has a 20-day trading average at $1.8400 and the current price is -9.39% off the 52-week high compared with 93.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $1.4364 and its 200-day simple moving average is $1.3087. If we look at the stock’s price movements over the week, volatility stands at 6.53%, which increases to 10.95% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 63.67 to suggest the stock is neutral.
The consensus objective for the share price is $3.33, suggesting that the stock has a potential upside of 42.04% over the period.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 04, 2023 when Imperial Capital initiated the stock to “Outperform” and issued a price target of $7.79. Morgan Stanley upgraded the stock to “Equal-Weight” from Underweight on May 03, 2023 at a price target of $1.75-$0.97. Craig Hallum initiated its price target at $5.
The current price level is 4.89%, 34.36%, and 47.47% away from its SMA20, SMA50, and SMA200 respectively, with the GSAT price moving below the 50-day SMA on current market day. Globalstar Inc (GSAT) stock is up 7.82% over the week and 83.81% over the past month. Its price is -0.52% year-to-date and 21.38% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/30/2024, with the company’s earnings per share (EPS) of -0.01 below consensus estimates by -0.01. The company’s next earnings report forecasts estimating quarterly EPS at 0.0 and -0.01 for whole year. Expected sales for next quarter are $61.78M, which analysts say will come at $249.41M for the current fiscal year and next year at $255.48M. In addition, estimates put the company’s current quarterly revenue at an average of $60.24M.
To reach the target analysts have set, the stock logically needs to grow 42.04 percent from here.
Outstanding shares total 1.89B with insiders holding 60.62% of the shares and institutional holders owning 20.65% of the company’s common stock. The company has a return on investment of -4.60% and return on equity of -7.21%. The forward price to earnings ratio is 1608.33. The beta has a value of 1.11. Price to book ratio is 9.27 and price to sales ratio is 15.12.
