Globalstar Inc (AMEX:GSAT) price on Wednesday, February 05, rose 2.60% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.58.
A look at the stock’s price movement, the close in the last trading session was $1.54, moving within a range at $1.51 and $1.59. The beta value (5-Year monthly) was 0.886. Turning to its 52-week performance, $2.74 and $1.00 were the 52-week high and 52-week low respectively. Overall, GSAT moved -28.18% over the past month.
Globalstar Inc’s market cap currently stands at around $2.99 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 60.24M for the company’s revenue for the quarter, with a low and high estimate of 59.3M and 61.18M respectively. The average forecast suggests up to a 14.94% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 247.27M, representing a 10.48% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that GSAT is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend GSAT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GSAT’s current price about -12.12% and -18.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.05, while 7-day volatility ratio is 7.33% and 7.36% in the 30-day chart. Further, Globalstar Inc (GSAT) has a beta value of 0.97, and an average true range (ATR) of 0.15.
If we refocus on Globalstar Inc (AMEX:GSAT), historical trading data shows that trading volumes averaged 16.09 over the past 10 days and 19.68 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.89 billion shares.
The 60.78% of Globalstar Inc’s shares are in the hands of company insiders while institutional holders own 20.38% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 35.51 million on 2025-01-15, giving us a short ratio of 2.42. The data shows that as of 2025-01-15 short interest in Globalstar Inc (GSAT) stood at 479.0 of shares outstanding, with shares short rising to 30.12 million registered in 2024-12-13. Current price change has pushed the stock -23.67% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GSAT stock continues to rise going into the next quarter.
