Globalstar Inc (AMEX:GSAT) traded at $1.38 at close of the session on Friday, November 01 and made an upward move of 31.43% on its previous day’s price.
Looking at the stock we see that its previous close was $1.05 and the beta (5Y monthly) reads 0.853 with the day’s price range being $1.2 – $1.53. In terms of its 52-week price range, GSAT has a high of $2.13 and a low of $1.00. The company’s stock has gained about 17.95% over that past 30 days.
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Globalstar Inc has a market cap of $3.45 billion and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of 0.0, with the EPS growth for the year raised at -0.01 for current year and -0.01 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 60.34M, with a low of 58.98M and a high of 61.69M. The median projection represents growth squeezing down to 12.30% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 240.37M, or 7.40% up from figures reported last year.
On the other hand, looking at the outlook for the GSAT stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold.
Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Globalstar Inc (GSAT) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 19.84% off its SMA20 and 14.48% from its 50-day simple moving average. The RSI (14) is pointing at 66.87 while the volatility over the past week is 9.83% and jumps to 5.60% over the past one month. The beta value is 0.89, while the average true range (ATR) is currently pointing at 0.09.
Coming back to Globalstar Inc (AMEX:GSAT), we note that the average 3-month trading volume was 4.40 million, while that of the preceding 10-day period stands at 24.31 million. Current shares outstanding are 1.88 billion.
The insiders hold 60.41% of the company’s shares while institutions hold 19.51%. The data shows that short shares as of 2024-10-15, stood at 25.38 million at a short ratio of 6.66. This represents a 336.00 short interest in shares outstanding on 2024-10-15. Shares short rose in October from the previous month at 25.17 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -28.87% down in year-to-date price movement.
