, and the 36-month beta value for GSAT is at 0.62. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 1 as “sell.”
The average price suggested by analysts for GSAT is $3.50, which is $2.34 above the current market price. The public float for GSAT is 681.44M, and currently, shorts hold a 5.03% of that float. The average trading volume for GSAT on April 03, 2023 was 3.90M shares.
GSAT) stock’s latest price update
Globalstar Inc. (AMEX: GSAT)’s stock price has increased by 0.87 compared to its previous closing price of 1.15. However, the company has seen a 14.85% increase in its stock price over the last five trading sessions. Barron’s reported on 08/29/22 that Apple May Add Satellite Connection to iPhones, Analyst Says
GSAT’s Market Performance
GSAT’s stock has risen by 14.85% in the past week, with a monthly drop of -2.52% and a quarterly drop of -10.08%. The volatility ratio for the week is 5.82% while the volatility levels for the last 30 days are 6.10% for Globalstar Inc. The simple moving average for the last 20 days is 5.28% for GSAT stock, with a simple moving average of -23.48% for the last 200 days.
Analysts’ Opinion of GSAT
Many brokerage firms have already submitted their reports for GSAT stocks, with Craig Hallum repeating the rating for GSAT by listing it as a “Buy.” The predicted price for GSAT in the upcoming period, according to Craig Hallum is $5 based on the research report published on October 31st of the previous year 2022.
B. Riley Securities, on the other hand, stated in their research note that they expect to see GSAT reach a price target of $3.25. The rating they have provided for GSAT stocks is “Buy” according to the report published on June 21st, 2021.
GSAT Trading at -3.62% from the 50-Day Moving Average
After a stumble in the market that brought GSAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -61.07% of loss for the given period.
Volatility was left at 6.10%, however, over the last 30 days, the volatility rate increased by 5.82%, as shares sank -7.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.12% lower at present.
During the last 5 trading sessions, GSAT rose by +14.85%, which changed the moving average for the period of 200-days by +0.87% in comparison to the 20-day moving average, which settled at $1.0973. In addition, Globalstar Inc. saw -12.78% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GSAT starting from Taylor Timothy Evan, who sale 395,000 shares at the price of $1.05 back on Mar 16. After this action, Taylor Timothy Evan now owns 12,253,649 shares of Globalstar Inc., valued at $414,750 using the latest closing price.
Taylor Timothy Evan, the Director of Globalstar Inc., sale 395,000 shares at $1.06 during a trade that took place back on Mar 15, which means that Taylor Timothy Evan is holding 12,648,649 shares at $418,700 based on the most recent closing price.
Stock Fundamentals for GSAT
Current profitability levels for the company are sitting at:
- -36.70 for the present operating margin
- -7.47 for the gross margin
The net margin for Globalstar Inc. stands at -173.00. The total capital return value is set at -9.30, while invested capital returns managed to touch -46.41. Equity return is now at value -91.00, with -30.50 for asset returns.
Based on Globalstar Inc. (GSAT), the company’s capital structure generated 70.63 points at debt to equity in total, while total debt to capital is 41.39. Total debt to assets is 26.68, with long-term debt to equity ratio resting at 50.75. Finally, the long-term debt to capital ratio is 29.74.
When we switch over and look at the enterprise to sales, we see a ratio of 15.23, with the company’s debt to enterprise value settled at 0.09. The receivables turnover for the company is 6.25 and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.41.
Conclusion
In conclusion, Globalstar Inc. (GSAT) has had a bad performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.